|Bid||0.00 x 2200|
|Ask||0.00 x 800|
|Day's Range||145.47 - 149.90|
|52 Week Range||113.60 - 167.56|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||101.19|
|Earnings Date||Aug 27, 2019 - Sep 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||183.51|
Salesforce shares rallied after the company’s quarterly results topped Wall Street estimates. Yahoo Finance's Emily McCormick joined The Final Round to discuss.
Aug.22 -- Pat Walravens, JMP Securities senior analyst, discusses Salesforce.com Inc.'s revenue forecast, its acquisition of Tableau Software Inc. and the company's growth prospects with Bloomberg's Emily Chang on "Bloomberg Technology."
Stock futures: Fed chief Jerome Powell gives a key speech for the stock market Friday. Salesforce earnings as well as VMware deals to buy Pivotal and Carbon Black lifted software late.
Chairman of the Board & co-CEO of Salesforce.com Inc (30-Year Financial, Insider Trades) Marc Benioff (insider trades) sold 10,000 shares of CRM on 08/22/2019 at an average price of $147.47 a share. Continue reading...
Salesforce.com (CRM) delivered earnings and revenue surprises of 40.43% and 1.25%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
Salesforce.com Inc. shares rally in the extended session Thursday after the customer-relationship management software company’s quarterly results and outlook top Wall Street estimates.
(Bloomberg) -- Salesforce.com Inc. gave a revenue forecast that topped Wall Street’s estimates, signaling the maker of cloud-based applications will continue to see rapid growth due to an expanding product lineup and its latest acquisitions.Revenue will be as much as $4.45 billion in the period ending in October, the San Francisco-based company said Thursday in a statement. Analysts projected $4.18 billion, according to data compiled by Bloomberg.Chief Executive Officers Marc Benioff and Keith Block have charted a new path for the market leader in software for managing customer relationships. This month, the company closed its biggest deal ever, buying Tableau Software Inc. for $15.3 billion and announced an agreement to acquire ClickSoftware Technologies Inc. for $1.35 billion. The Tableau purchase will take Salesforce into the analytics market and help it maintain a torrid pace of growth, even as the company turns 20 years old.Adjusted profit will be 65 cents a share to 66 cents a share in the current period, in line with analysts’ estimates. Salesforce also increased its annual revenue forecast to a range of $16.75 billion to $16.9 billion from $16.45 billion to $16.65 billion.“Their guidance for the year, which includes Tableau, came in above the Street’s expectations,” said Pat Walravens, an analyst at JMP Securities. “It’s looking pretty good.”Shares rose about 7% in extended trading after closing Thursday at $148.24 in New York. The stock has climbed 8.2% this year.Tableau will continue to be operated as a separate brand within Salesforce. When the company announced the acquisition, Benioff said that Seattle, where Tableau is based, will become the site of Salesforce’s second headquarters.In addition to deal-making, the software maker has expanded internationally in an effort to grow sales by more than 20% each quarter. Salesforce announced in July that it would partner with Alibaba Group Holding Ltd. to offer its cloud-based applications in China, even amid a trade war between that country and the U.S. Revenue from the Asia Pacific region increased 26% in the fiscal second quarter, the company said.Sales in the fiscal second quarter increased 22% to $4 billion. Analysts, on average, estimated $3.95 billion. Profit, excluding some items, was 66 cents a share, compared with analysts’ average projection of 47 cents.Daniel Elman, an analyst at Nucleus Research, said investors lowered their expectations leading into the quarter amid a general slowdown in the technology sector and concern that Tableau wouldn’t fold into the company smoothly.“One of the things they harp on about at their conferences is that they are able to keep growing at this pace,” Elman said. “They showed they are still able to perform and meet the benchmarks they set.”Revenue from Sales Cloud, the company’s flagship product, grew 13% to $1.1 billion in the quarter. The company leads the market for sales-tracking software.Service Cloud sales increased 22% to $1.1 billion. The software maker has relied more on this product for growth, taking advantage of businesses’ need for new tools to communicate with the customers.Net income was $91 million, or 11 cents a share, compared with $299 million, or 39 cents a share, a year earlier.(Updates with comments from analyst in the ninth paragraph)\--With assistance from Cecilia Esquivel.To contact the reporters on this story: Nico Grant in San Francisco at email@example.com;Olivia Carville in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Investing.com - Salesforce.com (NYSE:CRM) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
Salesforce second-quarter earnings beat analyst estimates while 2020 guidance also topped Wall Street targets for the period. Salesforce stock climbed during extended trading Thursday.
Salesforce.com Inc forecast third-quarter and full-year revenue above Wall Street estimates on Thursday, as it benefits from acquisitions and more companies opting for its cloud-based services, sending its shares up 7% in extended trading. The company said it expects revenue of $4.44 billion to $4.45 billion for the current quarter, topping analysts' expectations of $4.25 billion, according to IBES data from Refinitiv. Salesforce has spent billions of dollars on acquisitions in the last few years, adding companies such as Tableau and MuleSoft, protecting its market share as it battles Microsoft Corp and Oracle Corp.
Revenue growth from Salesforce's organic development and from acquisitions can work in harmony together, executives said on the company's latest earnings call.
The company said it expects revenue of $4.44 billion to $4.45 billion for the current quarter, topping analysts' expectations of $4.25 billion, according to IBES data from Refinitiv. Salesforce has spent billions of dollars on acquisitions in the last few years, adding companies such as Tableau and MuleSoft, protecting its market share as it battles Microsoft Corp and Oracle Corp .
Software company salesforce.com, inc. (NYSE: CRM ) posted second-quarter revenue of $4 billion on Thursday, beating a $3.95-billion Street estimate, and EPS of 66 cents, 19 cents ahead of the consensus ...
Raises FY20 Revenue Guidance to $16.75 Billion to $16.90 Billion - Second Quarter Revenue of $4.0 Billion , up 22% Year-Over-Year, 23% in Constant Currency - Current Remaining Performance Obligation of ...
Fed and manufacturing news, retail updates, including Target's (TGT) impressive report, why Alibaba (BABA) is a Zacks Rank 1 (Strong Buy) stock, and more on this episode of Free Lunch here at Zacks.
(Bloomberg) -- Salesforce.com options are showing a decidedly bullish tilt ahead of its second-quarter earnings report, signaling that investors are betting the business software maker’s results will be better received than those of European counterpart SAP SE last month.There are more than twice as many calls than puts among contracts set to expire Friday in the wake of this afternoon’s release, and options prices imply a 6% earnings-day price move. That’s almost double the 3.1% average of the past eight reports, when rallies outpaced declines five-to-three. The stock has gained 8% this year, compared with a 31% rally in the the S&P 500 Software Index.It’s probably going to be a “noisy” earnings report, given Salesforce.com’s recent acquisition of Tableau Software Inc., according to SunTrust Robison Humphrey analyst Terry Tillman. He said the acquisition closed about two months sooner than targeted and he would expect stability and modest upside for the second-quarter with more catalysts ahead.San Franciso-based Salesforce.com has low exposure to China and is unlikely to reiterate the same concerns around the U.S.- China trade dispute that SAP has, Bloomberg Intelligence analysts Anurag Rana and Gili Naftalovich said in an Aug. 14 research note. Margins are likely to expand as sales growth exceeds the rate of investment in new products and geographies, but the acquisition of Salesforce.org and currency headwinds may weigh on the rate of expansion, they said.SAP, which traded at a record high on July 3, has since fallen 14%, with the decline accelerating after it reported a second-quarter slowdown in new cloud bookings and disappointing margins. Analysts also underscored weak growth in software license revenue, hit by uncertainty in Asia.About 17% of total open interest in Salesforce.com is set to expire on Friday, and implied volatility is elevated at 117% versus a three-month average of 30%.To contact the reporter on this story: Gregory Calderone in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Richard Richtmyer, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Salesforces acquisition of Tableau has caused a lot of uncertainty for shareholders and investors. The stock has underperformed the industry and the broader market.
Back in October of last year, I wrote about worrying signs regarding certain growth stocks. And I had put cloud services company Salesforce (NYSE:CRM) on that list. At the time, I wrote that in the longer-term picture, CRM stock benefited from multiple tailwinds. These included increasing trends toward the cloud and digitalization overall.Source: Bjorn Bakstad / Shutterstock.com However, I was calling things as I saw them, not how I wanted them to be. Therefore, I noted that Salesforce stock produced an incredibly ugly chart. Essentially, the price action was sandwiched between the 50-day moving average at the top, and the 200-day moving average below. Under normal circumstances, this is a strong technical signal to get out.Adding to that point, this was when the U.S.-China trade war started to gain traction. So with geopolitical uncertainty and an ugly price chart for CRM stock, the choice was obvious. And while the resultant moves were incredibly choppy due to the "will they, won't they" trade war drama, Salesforce stock dipped in both November and December.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSure enough, we're back at it again.I supposed you would call the current juncture "trade war 2.0." Whatever it is, it's nasty. With neither side wanting to give an inch, we've only seen an escalation in rhetoric and actions. Of course, the Dow Jones Industrial Average incurred a significant drop, while CRM stock took a scary spill weeks earlier.Over the past few sessions, Salesforce stock has crept upward. But like late last year, CRM is in an ugly position, this time below both the 50- and 200-day moving averages. How then should investors respond? Fundamental Risks Cloud CRM StockNaturally, a contrarian viewpoint exists here. When I wrote about my concerns for Salesforce stock last year, I suggested that investors shouldn't stay negative for too long due to the positive fundamentals. As you know from hindsight, CRM did indeed come back strong. * 10 Marijuana Stocks to Ride High on the Farm Bill Therefore, some might assume that CRM stock will pull off a repeat performance. Even though we see some trading activity that suggests shares will decisively fly higher, I have my reservations.At this stage, I'm now concerned about the fundamentals. First, Salesforce has been making aggressive moves lately in terms of acquisitions and partnerships. One of those is a joining of forces with Chinese internet and e-commerce giant Alibaba (NYSE:BABA).I'm going to set aside the fact that this relationship is occurring at a politically awkward time. Instead, let me focus on why they secured a partnership: Alibaba lacks small- and medium-sized business coverage, while Salesforce wants to expand into China and the broader Asian market.On paper, this partnership should boost CRM stock. Instead, the announcement was made right before shares tumbled badly. And I'm not sure if we'll see a recovery like we did earlier this year.This brings me to my second point. The trade war has terrible implications for Salesforce stock. Obviously, management's ambitions for China must now be kept in check. Admittedly, though, the Asian market only represents 10% of Salesforce's total revenue.But the trade war isn't just about China. If you look at what's going on in Germany, they're about to fall into a recession. As the European Union's powerhouse member, that will have a negative ripple effect on CRM stock. The company gets 20% of its top-line sales from Europe. Risks Also Abound at HomeTaking a sizable hit to 30% of your total revenue stream doesn't do you any favors. However, CRM stock is very much an American investment in that it generates the most revenue on this hemisphere. Thus, the remaining 70% should help buffer the storm, right?I'll concede that this is a valid counterargument. However, the worry is that Salesforce is stretching itself too thin with its acquisitiveness. But the biggest concern is how small- and medium-sized businesses here at home can ride a possible recession.To no one's surprise, small businesses suffer bankruptcies at a higher rate than larger firms during economic downturns. I'm not tying to belabor you with the obvious. Instead, I want to emphasize that Salesforce has a significant revenue channel with the small business community.If that goes, then we're talking about three revenue channel disruptions: China, Europe and American small businesses. I don't think anyone doubts that Salesforce stock can overcome modest challenges. But the current environment suggests something much bigger, which means you should probably head for the sidelines.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Donat Bet on a Second Act for Salesforce Stock appeared first on InvestorPlace.
U.S. stock futures are pointing toward a slightly higher open as traders look to continue yesterday's rally.Ahead of the bell, futures on the Dow Jones Industrial Average are up 0.24%, and S&P 500 futures are higher by 0.22%. Nasdaq-100 futures have added 0.19%.In the options pits, yesterday's contest ended in a tie between calls and puts. Overall volume settled slightly below average levels and reflected the market returning to normal after the hyperactivity earlier this month. Approximately 14.8 million calls and 14.9 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith panic subsiding, we continue to see gravity take hold of the CBOE single-session equity put/call volume ratio. It fell to 0.6, or the lower half of its 2019 range. Meanwhile, the 10-day moving average fell to 0.71.Options activity was a mixed bag on Wednesday, but calls led the way in the three stocks highlighted below. Nordstrom (NYSE:JWN) saw better-than-expected earnings and is gapping 9% higher this morning. Roku (NASDAQ:ROKU) rallied to a new closing high amid continued momentum on the heels of this month's rousing earnings release. Finally, Salesforce.com (NYSE:CRM) saw heavy options trading ahead of tonight's quarterly report.Let's take a closer look: Nordstrom (JWN)The earnings beats for retail companies rolled on last night, this time with Nordstrom stepping up to the plate. With JWN stock down 43% year-to-date, shareholders were desperate for something -- anything -- that could return positivity to an otherwise dismal trend. * 10 Marijuana Stocks That Could See 100% Gains, If Not More Well, ask, and ye shall receive.Nordstrom's posted earnings per share of 90 cents on revenue of $3.87 billion. Analysts were expecting earnings of 76 cents on sales of $3.93 billion, according to Consensus Metrix. Traders ignored the top-line miss and rewarded the stock for the bottom-line beat. JWN stock is currently trading up over 9% premarket.Here's the bad news. For all its fury, this morning's pole vault still isn't enough to reverse the stock's steep downtrend. With all major moving averages pointing lower and resistance heaped overhead, it's going to take more than a single pop to turn the technicals. Wait and see if JWN stock can take out the 50-day moving average at $30.44 before letting your bullishness bubble up.On the options trading front, JWN was the king of the hill yesterday attracting move buzz than anyone. Total activity rocketed to 772% of the average daily volume, with 102,900 contracts traded. Calls won the popularity contest accounting for 53% of the day's take.Implied volatility was sky-high ahead of the report, sitting at the 100th percentile of its one-year range. The market was pricing in a move of $3.30 or 12.4%, so this morning's 9% jump was well inside of expectations. Roku (ROKU)Ever since taking the momentum world by storm with its profit-giving volatility and rocket ship trajectory, Roku shares have made multiple appearances atop the most-active options leaderboard. Yesterday saw the provider of online media players rally 3.2% to a record close of $138.58.With the ramp, ROKU stock's year-to-date gains have now risen to a sizzling 352%. The stock is slightly extended, sure, but with this month's mighty gap following strong earnings growth, I suspect pullbacks will be shallow moving forward. A drop toward the rising 20-day moving average would likely prove a strong buying opportunity like all its predecessors.On the options trading front, calls slightly outpaced puts on the session. Activity only climbed to 97% of the average daily volume, with 93,891 total contracts traded. But it was still one of the most active stocks of the day. Calls added 55% to the session's sum.Implied volatility continued its post-earnings crush, falling to 53%. That pushes it to the 12th percentile of its one-year range. Premiums are pricing in daily moves of $4.60 or 3.3%. Salesforce.com (CRM)Salesforce.com reports earnings tonight and options traders are already jockeying for positions ahead of the event. Yesterday saw CRM stock rally for its fifth day in a row, regaining much of the ground lost earlier this month.Unfortunately, the technical posture of CRM's trend remains broken with significant potential resistance at $150. The 20-day and 50-day moving averages are both pointing lower. The best-case scenario will be a big up gap tomorrow pushing CRM stock north of $155 to clear the near-term ceilings looming overhead.On the options trading front, traders came after calls with a vengeance. Activity swelled to 190% of the average daily volume, with 77,221 total contracts traded. 69% of the trading came from call options alone.Implied volatility is hovering at 36%, which is also the 36th percentile of its one-year range. The options board is looking for a jump of $7.04, or 4.8%, after tonight's announcement.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post Thursday's Vital Data: Nordstrom, Roku and Salesforce.com appeared first on InvestorPlace.
Salesforce, unlike its smaller cloud-computing peers, has underperformed the benchmark S&P 500 Index in the past 12 months, falling 1%. What’s held back Salesforce’s (CRM) stock and what could propel it again? Can Salesforce, especially in the aftermath of large acquisitions, capture more of its addressable market?