CRM - salesforce.com, inc.
| Previous Close | 149.82 |
| Open | 151.83 |
| Bid | 0.00 x 800 |
| Ask | 152.78 x 900 |
| Day's Range | 150.24 - 153.27 |
| 52 Week Range | 102.37 - 161.19 |
| Volume | 6,151,237 |
| Avg. Volume | 7,062,222 |
| Market Cap | 116.67B |
| Beta (3Y Monthly) | 1.18 |
| PE Ratio (TTM) | 162.24 |
| EPS (TTM) | 0.94 |
| Earnings Date | Feb 26, 2019 - Mar 4, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 173.22 |
- TechCrunch•18 hours ago
Salesforce is building new tower in Dublin and adding hundreds of jobs
Salesforce put the finishing touches on a tower in San Francisco last year. In October, it announced Salesforce Tower in Atlanta and today it was Dublin's turn. Salesforce first opened an office in Dublin back in 2001, and has expanded to 1400 employees today.
- Markit•1 hour ago
See what the IHS Markit Score report has to say about Salesforce.com Inc.
# Salesforce.com Inc ### NYSE:CRM View full report here! ## Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is extremely low for CRM with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CRM. ## Money flow ETF/Index ownership | Negative ETF activity is negative and may be weakening. The net inflows of $293 million over the last one-month into ETFs that hold CRM are among the lowest of the last year and appear to be slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- American City Business Journals•16 hours ago
Salesforce to build new tower in Dublin, doubling employees at Irish HQ
Adding to a slew of new developments in 2018, Salesforce (NYSE: CRM) announced plans on Friday to build a new tower in downtown Dublin and eventually double its employee headcount at their regional headquarters in Ireland.
GuruFocus.com•20 hours agoAnalysts Commence Coverage on Large Caps
Walgreens Boots Alliance and Adobe amid the top initiations
- Zacks•yesterday
Salesforce Seeks to Expand in Europe With New Office, Grant
Salesforce (CRM), in order to expand internationally, is creating employment opportunities in Ireland and providing grant for students' education.
- Reuters•yesterday
Salesforce to double presence in Ireland with 1,500 new jobs
Salesforce.Com will more than double its workforce in Ireland by adding 1,500 jobs, marking one of the largest single job announcements in the 70-year history of the state's foreign investment agency. The San Francisco-based cloud software maker currently employs 1,400 people in Dublin, the European hub for a number of major technology firms, and will add the new jobs over the next five years as it moves into a new 430,000 feet campus on the city's north docks. "Europe is Salesforce's fastest growing region, and Ireland has been a significant part of our success," Miguel Milano, Saleforce's international president, said on Friday.
- Reuters•yesterday
Salesforce to double presence in Ireland with 1,500 new jobs
Salesforce.Com will more than double its workforce in Ireland by adding 1,500 jobs, marking one of the largest single job announcements in the 70-year history of the state's foreign investment agency. The San Francisco-based cloud software maker currently employs 1,400 people in Dublin, the European hub for a number of major technology firms, and will add the new jobs over the next five years as it moves into a new 430,000 feet campus on the city's north docks. "Europe is Salesforce's fastest growing region, and Ireland has been a significant part of our success," Miguel Milano, Saleforce's international president, said on Friday.
- Bloomberg•yesterday
Salesforce.com Plans to Add Around 1,500 Irish Jobs
The San Francisco-based software maker, which now employs more than 1,000 people in Ireland, laid out its Irish expansion plans Friday in Dublin. Bloomberg News first reported the figure on Thursday. The company, in a joint announcement with Irish Prime Minister Leo Varadkar, unveiled a plan to build a “Salesforce Tower” in the city.
- PR Newswire•yesterday
Salesforce Announces Salesforce Tower Dublin, Commits to Adding 1,500 New Jobs in Ireland
DUBLIN, Jan. 18, 2019 /PRNewswire/ -- Salesforce (CRM), the global leader in CRM, today announced Salesforce Tower Dublin, significantly expanding the company's regional headquarters in Ireland. As part of the expansion, Salesforce plans to add 1,500 new local jobs over the next five years. Salesforce.org, the philanthropic arm of Salesforce, also announced a $1 million grant to Educate Together, supporting the opening and running of schools in Ireland. Today's announcements were made with the Irish Prime Minister, An Taoiseach Leo Varadkar TD at an event in the Convention Centre Dublin where nearly 1,000 Salesforce employees were present to hear details of the new plans.
- Zacks•2 days ago
5 Rising Technology ETFs in 2019
These ETFs belonging to the artificial intelligence and related platforms are performing strongly this year.
- American City Business Journals•2 days ago
Sajj Mediterranean rides food trucks and catering to fast growth
Between 2015 and 2017, the restaurant achieved an 80 percent growth rate. Such rapid expansion is no small feat in the Bay Area, where the high cost of land and labor makes an especially tough environment for small businesses — even more so for restaurants, where the margins are thin and the variables to manage many.
- InvestorPlace•2 days ago
5 Big Tech Stocks on the Move
U.S. equities are hanging around the unchanged line on Thursday as the bad memories from December's harrowing decline fade away -- replaced by a steady bid under stock priced fueled by a newly dovish Federal Reserve and aggressive policy support out of China. Major technical support levels are being challenges. The S&P 500 is contending with its 50-day moving average is it tries to stay above the 2,600 level. The Dow Jones Industrial Average faces the same situation, only its support level is the 24,000 threshold. Many unknowns remain. Will the government ever reopen? Will the shutdown push the economy into recession this quarter? Will corporate profits slow? Is the Fed actually going to pause its rate hikes? InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy as the Dollar Weakens Despite all the crosswinds, a number of large-cap tech stocks and technology-related companies are pushing higher. Here are five to watch: ### Tech Stocks: Netflix (NFLX) Netflix (NASDAQ:NFLX) shares have pushed up and over their 200-day moving average, setting the stage for a run at the highs last set in early October. This makes a whopping 52% rise off of the late December low. Morgan Stanley recently published a bullish note on the company, citing its ability to push through a price increase to subscribers. The company will next report results tonight after the close. Analysts are looking for earnings of 24 cents per share on revenues of $4.2 billion. When the company last reported on Oct. 16, earnings of 89 cents per share beat estimates by 21 cents on a 34% rise in revenues. ### Salesforce (CRM) Shares of tech stock Salesforce (NYSE:CRM) have broken above its multimonth resistance near $145 to push to levels last seen in October. Watch for a challenge of the previous high near $160, which would be worth a gain of more than 8% from here. Analysts at Atlantic Equities recently initiated coverage with an "overweight" rating. * 10 Growth Stocks With the Future Written All Over Them The company will next report results on Feb. 26 after the close. Analysts are looking for earnings of 56 cents per share on revenues of $3.6 billion. When the company last reported on Nov. 27, earnings of 61 cents beat estimates by 11 cents on a 25.6% rise in revenues. ### Microsoft (MSFT) Microsoft (NASDAQ:MSFT) shares have rising up and over critical resistance from the 50-day and 200-day moving averages. Watch for a run at the December highs, which would be worth a gain of nearly 6% from here. The company continues to find success with its gaming and cloud businesses, with new reports its planning a streaming game service for its Xbox console. The company will next report results on Jan. 30 after the close. Analysts are looking for earnings of $1.09 per share on revenues of $32.5 billion. When the company last reported on Oct. 24, earnings of $1.14 per share beat estimates by 18 cents on an 18.5% rise in revenues. ### Square (SQ) Square (NYSE:SQ) is enjoying a share price move above its 200-day and 50-day moving averages, setting up a run at the early November highs which would be worth a gain of more than 14% from here. Shares were recently upgraded to "outperform" by analysts at Wolfe Research. * 8 Dividend Stocks With Growth on the Horizon The company is set to report results on Feb. 26. Analysts are looking for earnings of 13 cents per share on revenues of $453.8 million. When the company last reported on Nov. 7, earnings of 13 cents per share beat estimates by two cents on a 67.7% rise in revenues. ### Fitbit (FIT) Fitbit (NYSE:FIT) shares are challenging the highs from a long consolidation range going back to July. As the company focuses on entry level wearables, it's set to benefit from ongoing strength in the market: IDC says global shipments of wearable devices are set to reach 125.3 million for 2018, up 8.5% from the previous year. The tech stock will next report results on Feb. 25 after the close. Analysts are looking for earnings of 7 cents per share on revenues of $568.8 million. When the company last reported on Oct. 31, earnings of 4 cents per share beat estimates by 5 cents on a 0.3% rise in revenues. As of this writing, William Roth did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Growth Stocks With the Future Written All Over Them * 7 Reasons Why Buffett's Bet on Apple Stock Is a Good One * 10 Companies That Could Post Decelerating Profits Compare Brokers The post 5 Big Tech Stocks on the Move appeared first on InvestorPlace.
- InvestorPlace•2 days ago
Why Salesforce Stock Could Double Over the Next Few Years
Despite the stock-market selloff, there's been lot of positive buzz surrounding market favorite Salesforce (NASDAQ:CRM) over the past several months. At the end of November, the cloud giant delivered a double-beat-and-raise-third-quarter-earnings report that refuted the bear thesis on CRM stock which had contended that the company's growth was slowing. CRM's results also confirmed the strength of its underlying, continuous trends. About a month later, when the market was in full selloff mode due to recession fears, research-firm Evercore sounded a bullish tone on Salesforce stock, astutely noting that cloud companies could benefit from a slow economy, since such companies offer services which aim to cut costs. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy as the Dollar Weakens Wedbush also sounded the bullhorn on CRM stock in early January, calling CRM a Best Idea for 2019. In mid-January, Stephens joined the bull camp, initiating coverage on Salesforce stock with an Overweight rating and a $183 price target. Overall, there have been nothing but positive developments for CRM's growth outlook over the past three months. Yet, during that stretch, CRM stock has risen just 4%. The relatively muted move of Salesforce stock despite the continued improvement of the company's fundamentals has created an opportunity for long-term investors. Looking at the big picture, CRM is a rapidly growing company with a big moat and a leadership position in a quickly growing cloud market that is supported by some of the most sustainable, prevalent growth trends in the global economy. Meanwhile, the valuation of CRM stock implies that, while investors are pricing in rapid growth for Salesforce, there's still room for CRM stock to climb further. Put all that together, and you have all the characteristics of a long-term winning investment. Rapid growth. Wide moat. Big market. High margins. Sustainable demand. Reasonable valuation. As a result, long-term investors would be wise to simply ignore the near-term noise of Salesforce stock. Over the long-term, CRM stock is heading higher. ### Zoom Out And Look at the Big Picture During times of stock -market turbulence, it is usually best to zoom out and look at the big picture. When you do that, it becomes obvious that Salesforce stock is a long-term winner. Salesforce is at the heart of the cloud and data revolutions. The company leverages data and analytics to deliver robust cloud solutions to enterprises that want data-driven insights. The volume of data globally is exploding higher right now, thanks to the proliferation of the Internet of Things (IoT) and a movement among large companies towards the accumulation and analysis of Big Data. Moreover, every company around the world is going digital, and that means they are pivoting towards the cloud. Consequently, CRM finds itself in the overlap of two huge, sustainable, positive catalysts. Neither of these catalysts is close to the finish line. On the cloud side, it is estimated that only about 20% of enterprises' workloads have shifted to the cloud. In time, due to the price, convenience, and accessibility advantages of cloud solutions, that number will rise to close to 100%. As a result, we are only about one-fifth of the way through the cloud catalyst. On the data side, companies are still in the early stages of collecting, storing, and analyzing Big Data. As the world becomes more digitally connected than ever, the volume of data collection, storage, and analysis will only grow. That's why most experts predict that the Big Data market will continue to grow by double-digit percentage rates over the next several years. So CRM is poised to benefit from two huge, positive catalysts that are still in their early innings. There's definitely a lot of competition in these markets. But none of that competition seems to impact Salesforce. The company is essentially number one, two, or three in every market in which it has a presence. Moreover, Salesforce is the market leader in the CRM market with 20% share, and for the last several years, the company's revenues have grown at a consistent 20%-plus rate . Overall, in the big picture, CRM is clearly poised to grow very rapidly. ### The Numbers Indicate That CRM Stock Can Double Rapid growth isn't the only positive attribute of Salesforce stock. CRM has gross margins of 70%-plus, and its gross margins are continuing to rise. Moreover, CRM has a rather high operating expense rate (60% on an adjusted basis) that has plenty of room to fall as the company grows. The company's revenue is expected to come in under $15 billion this year, while its addressable market is estimated at $150 billion, or nearly ten-fold its expected 2019 top line. Furthermore, CRM's management has shown a unique and impressive ability to develop new products through additional applications and acquisitions. All together, there's a lot of firepower behind CRM stock. But how much? By increasing its top line 15%-20% each year, CRM will be able to grow its annual revenue from under $15 billion today, to roughly $50 billion by fiscal 2027,. The latter figure is about a third of its addressable market. Meanwhile, CRM's gross margins will trend towards 80%, as its operating-spending rate will fall towards 50%. Modeling all that out, Salesforce's operating profits can reach $15 billion by fiscal 2027. Taking out 20% for taxes, that equates to $12 billion in net profits. Growth stocks normally trade at an average of 20 times their forward earnings. Application software stocks trade at an average of around 30 times their forward earnings, while data- processing stocks have an average forward multiple of 23. Data systems stocks have an average forward multiple of 20. Thus, 20 seems like a safe estimate of CRM's forward price-earnings multiple after it has grown for several more years. A 20 forward multiple on $12 billion of net profits in fiscal 2027 would result in a fiscal 2026 valuation of $240 billion. That's more than double the current, $110 billion market cap of Salesforce stock. ### The Bottom Line on CRM Stock With its revenue poised to grow at a 20%-plus annual rate, Salesforce also has nearly 80% gross margins and exposure to multiple growth tailwinds that will continue, uninterrupted, for a long period of time Given all that, it's quite obvious that Salesforce stock is a long -term winner. How high can CRM stock go? Within the next several years, Salesforce stock should double, making today's entry point compelling for long-term investors. As of this writing, Luke Lango was long CRM. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Growth Stocks With the Future Written All Over Them * 7 Reasons Why Buffett's Bet on Apple Stock Is a Good One * 10 Companies That Could Post Decelerating Profits Compare Brokers The post Why Salesforce Stock Could Double Over the Next Few Years appeared first on InvestorPlace.
- Zacks•2 days ago
Salesforce's Spate of Buyouts Keeps Going With ClickSoftware
Salesforce (CRM) allegedly contemplates acquiring Israel-based ClickSoftware Technologies for approximately $1.5 billion.
