|Bid||153.01 x 1100|
|Ask||156.78 x 900|
|Day's Range||151.36 - 154.10|
|52 Week Range||113.60 - 167.56|
|Beta (3Y Monthly)||0.94|
|PE Ratio (TTM)||127.08|
|Earnings Date||Nov 25, 2019 - Nov 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||186.79|
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- Salesforce (CRM), the global leader in CRM, today announced Consumer Goods Cloud, a new industry product that enables consumer goods companies to drive revenue growth and maximize ROI through improved retail execution capabilities. Retail execution—the act of getting the right products to the right stores at the right times—is vital to the success of consumer goods companies, as 95% of fast moving consumer goods products are sold in physical stores1. Consumer Goods Cloud enables reps to use AI to optimize key tasks, drive higher revenues through better promotion execution and order management and elevate the in-store experience for the end consumer.
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- Salesforce (CRM), the global leader in CRM, today announced Manufacturing Cloud, a new industry-specific product for manufacturers. Manufacturing Cloud brings sales and operations teams together around a unified view of market and customer demands to more accurately forecast, plan and drive predictable business performance. With Manufacturing Cloud, companies can now better meet commitments and run a more streamlined business while improving customer satisfaction.
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 09/12/2019 at an average price of $154.21 a share. Continue reading...
“It was a game-changing acquisition for Adobe. It really put more fuel in the tank from a growth and product perspective,” an analyst tells the Business Journal.
Nineteen chief executive officers of S&P 500 companies so far have given their own money to 2020 Democratic White House hopefuls.
It's been an eventful week for tech stocks, and the software sector in particular has made headlines. So far, we've seen one of the biggest short-term moves out of momentum and growth shares and into value names since at least 2011. Stocks like Alteryx (NYSE:AYX) -- the cream of the crop for software as a service names -- are down 20% in a few days. Meanwhile, left for dead companies in the old economy, like retail and energy firms, are suddenly surging.Source: Bjorn Bakstad / Shutterstock.com So far, Salesforce (NYSE:CRM) has largely avoided getting mauled along with its sector. Salesforce's stock price is only down about 8% from its 52-week high, which isn't bad at all given the carnage in many of the other software names. But will CRM stock continue to hold its ground in the coming days and weeks? Can Salesforce Stock Support its Valuation?Over the past few years, it hasn't been difficult to own software companies. If they are growing nicely and generate decent free cash flow, you can generally hold the stock and the share price will rise over time. Sure, there have been bumps along the way, but generally, any dip has been a great buying opportunity.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWe may be entering a new paradigm, however. The drop in software stocks over the past week is one of the worst in years and it comes in isolation. Broader tech stocks including the FAANGs -- Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX), and Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google -- aren't seeing similar declines. Even though Alphabet is under fire from 50 state attorneys general, has avoided a significant selloff. Yet SaaS stocks are getting annihilated. * 10 Battered Tech Stocks to Buy Now This leads us to ask if Salesforce stock will fall victim to this trend as well. CRM stock is currently trading for 129 times trailing earnings and 50 times forward earnings. That's extremely expensive by any measure. With the company's 22% growth rate, that makes for a PEG ratio well above 2, which many analysts hold as the cutoff for a fast-growing tech company.Of course, more than a few SaaS companies don't make accounting profits at all, so Salesforce at least has some real earnings to fall back on. On a price/sales basis, CRM stock is selling for 9x at the moment. That's expensive, but it's under the 10x threshold that makes a tech company nosebleed expensive. The 41x price-to-free cash flow metric is also steep, however, particularly given that cash flow growth underwhelmed last quarter.CRM stock would have to drop a lot in price to become a reasonable buy on a valuation basis. Has Salesforce's Investment Profile Changed?Within the SaaS space, CRM stock was as close to a buy-and-hold-forever pick as you could get. Salesforce has incredible market share in its core CRM business. Once it signs on a customer, it almost never loses them. The time and cost to switch to a different service provider is simply too great. As a result, Salesforce has been able to spend heavily on customer acquisition knowing that most of its new clients will stay on for many years, or decades, producing high-margin predictable cash flows.As such, you could easily model Salesforce's value by looking at how fast revenues were growing and watching their margins. It was a fairly easy business to predict so investors got comfortable holding it for the long run.This may be changing, however. Salesforce has now started to acquire other software companies left and right as it broadens its product offerings. That's not necessarily a bad thing by any means. But it adds more risk to the profile, as Salesforce could see some of its investments in less core offerings falter and ding the overall valuation.These aren't small plays either. Salesforce has purchased MuleSoft for $6.5 billion, ClickSoftware recently for more than $1.3 billion, and -- most importantly -- Tableau for more than $15 billion. As Salesforce has issued a lot of stock for these deals, it risks significant dilution if these don't fit in with the core CRM business as much as management hopes. These buys could end up looking great. In the short run, however, with investors questioning software stock valuations, CRM stock looks riskier as investors wait and see if all this mergers and acquisition activity ends up succeeding or not. My Verdict on CRM StockI just don't see the case for getting involved in CRM stock, yet. It seems there are two ways that things could shake out in the short run. The sector could continue to slide, dragging down Salesforce's stock price with it. Or the SaaS stocks could stabilize, offering much bigger short-term gains for its peers that have fallen 15%-25% in recent days. If you want to buy the dip, there are more attractive names right now than CRM stock.With Zscaler (NASDAQ:ZS) down 20% following its earnings report earlier this week, that's another red flag coming out of the SaaS sector. Salesforce, as one of the longest running SaaS companies, has developed a sterling reputation within the industry. But who knows if that will be tarnished as it integrates all these acquisitions. If Salesforce shows any weakness in its numbers, CRM stock could easily trade down 20% in coming weeks like so many of its peers.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post Salesforce Stock Is at Risk as Other Software Stocks Tank appeared first on InvestorPlace.
Even the best software stocks can get beat up as bearish investors pounce on stock market volatility. High-revenue-growth companies specializing in software-as-a-service may outperform.
SAN FRANCISCO, Sept. 12, 2019 /PRNewswire/ -- Salesforce [NYSE: CRM], the global leader in CRM, today announced $18.2 million in grants to the San Francisco and Oakland school districts and education nonprofits to expand educational opportunities for students and leaders in the Bay Area. The grants include $8.5 million to San Francisco Unified School District (SFUSD), $8.7 million to Oakland Unified School District (OUSD), and $500,000 each to nonprofits CORE and Blueprint Schools Network for continued education support.
(Bloomberg) -- Germany will finally get another major listed tech company when software maker TeamViewer AG completes a 2.3 billion-euro ($2.5 billion) initial public offering this month -- the biggest in the industry in almost two decades.While Germany has several established tech companies, including software giant SAP SE, there have been few sizable newcomers since chipmaker Infineon Technologies AG listed in 2000. TeamViewer will provide a boost to the weakest European IPO market in years and comes as Germany’s economy teeters on the brink of a recession. The share sale, which is oversubscribed, will be the country’s largest so far this year.Founded in 2005, TeamViewer has developed from a local provider of remote computer access tools to one that offers connectivity to customers in about 180 countries. The company plans to further expand in Europe, Asia and the U.S., and will add to its offerings for large corporate customers to help them connect anything from mobile phones and tablets to machine sensors, smart farming equipment or wind turbines.With a sudden influx of new offerings in Europe, IPO investors have a lot to choose from. Apart from TeamViewer, private equity firm EQT Partners AB is also marketing its initial public offering, with a management roadshow kicking off next week. On Thursday, Helios Towers Plc -- one of sub-Saharan Africa’s largest mobile-phone tower operators -- announced plans to list on the London Stock Exchange.TeamViewer’s owner, private equity firm Permira, plans to sell as many as 84 million shares for 23.50 euros to 27.50 euros each via holding firm TigerLuxOne, the company said late Wednesday. TeamViewer stock is expected to start trading on the Frankfurt Stock Exchange on Sept. 25.The price range would give the company a market value of between 4.7 billion euros and 5.5 billion euros. Bloomberg News previously reported the valuation could be 4 billion euros to 5 billion euros. The listing will improve TeamViewer’s brand recognition and make it easier for it to grow organically and via “selected acquisitions,” spokeswoman Martina Dier said.TeamViewer may hire more people in the U.S. and opened offices in China, Japan, India and Singapore last year to expand sales in those markets. In China alone, TeamViewer has “tens of millions” of free users, more of whom the company wants to convert into paying customers, according to Chief Executive Officer Oliver Steil.“Our big growth combined with strong profitability -- even if market conditions have been difficult -- makes our financial profile attractive to investors,” Steil said in an interview last month.TeamViewer’s cash billings grew more than 35% in the first half, faster than last year’s 25% growth, to over 140 million euros, the CEO said. The company posted a cash operating profit margin of more than 50% during the period. It says its software has been installed on more than 2 billion devices.Permira bought the company for 870 million euros in 2014. It has since partnered with firms including Alibaba Group Holding Ltd. and Salesforce.com Inc. to bolster its cloud offerings.The free float, a measure of company stock available to trade, will be 30% to 42%, depending on the size of the IPO, according to the statement.Goldman Sachs Group Inc. and Morgan Stanley are arranging the IPO, with Bank of America Corp., Barclays Plc and RBC Capital Markets. Lilja & Co. is acting as an independent adviser to Permira and TeamViewer.(Updates with company comment in sixth paragraph. An earlier version of the story was corrected to remove reference to IPO proceeeds)To contact the reporter on this story: Stefan Nicola in Berlin at firstname.lastname@example.orgTo contact the editors responsible for this story: Dale Crofts at email@example.com, Andrew Blackman, Chris ReiterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
One of Boston’s largest private equity firms is leading an investment in an international tech company planning to more than double its presence in Massachusetts.
LONDON, Sept. 11, 2019 /PRNewswire/ -- Salesforce (CRM), the global leader in CRM, and Tryzens, an international digital commerce consultancy, today announced that luxury jewellery retailer Annoushka has launched a new ecommerce platform across EMEA and APAC built on Salesforce Commerce Cloud to deliver a first-class experience to its customers. This future-proofed solution will offer personalised experiences, integrate video live chat with personal shoppers, more payment options and enhanced search and analytics.
International luxury brand, John Varvatos, delivers an immersive, personalized retail experience with Salesforce Tonight during New York Fashion Week, John Varvatos and Salesforce will host a fireside ...
On Monday morning, while the rest of the markets were rising, a few stars fell out of the sky. Incredible momentum champion stocks like Okta (NASDAQ:OKTA), Twilio (NYSE:TWLO) and The Trade Desk (NASDAQ:TTD) had a really bad day. What made it seem worse is that this was happening while markets were enjoying a nice rally. Even the mighty Shopify (NYSE:SHOP) suffered. Some of the 2019 winners are stocks to buy now.This dip may be a great opportunity to add a little risk to your portfolio. Logic suggests that if the overall stock markets are headed higher, then OKTA, TWLO and TTD stock will find footing and rally too. Onus is still on the bears to prove that they can sustain the selling in these three Software-as-a-service (SaaS) stocks. Until then, dips are buying opportunities. * 7 Best Stocks That Crushed It This Earnings Season OKTA, TTD, and TWLO stocks all fall under the umbrella of SaaS stocks and this rising sector not a fad. SaaS is a movement that Salesforce.com (NYSE:CRM) started years ago, and now, the whole world has adopted it. The best example of this is Microsoft (NASDAQ:MSFT) and how well they switched to the subscription model versus selling individual software hard copy releases and upgrades.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Okta (OKTA)When I say OKTA had a bad day, it is most definitely a relative statement. Year-to-date Okta stock is still up 71% -- so this is by no means a catastrophe yet. This is 3 times better than the NASDAQ Invesco QQQ Trust (QQQ) for example.A few red ticks do not not erase the enthusiasm in the stock. But technically, the rise in OKTA stock was so fast that it left weak hands below. Meaning there are fast profits that could shake out quickly on bad days. But every dip builds a stronger base. That's why this one may actually be a good entry point opportunity for the next few months.OKTA is not a cheap stock. the company loses money and sells at 35 times its sales. Clearly, if the markets in general correct, it would leave OKTA stock vulnerable for much more pain ahead. So the those looking to trade it shorter term should use tight stops.The lines to trade OKTA for the short term are clear. Once it lost $125 per share, $110 became the target and that filled on Monday afternoon. So from here the bears will have to work a lot harder to go much further. The zone below Monday's low is support. Below $100 per share OKTA could fall another $10 before it would hit the next pivot level.For investors who believe in the longer-term profit potential for the company, they should just buy the stock on this dip. I personally prefer to do it through options. Buying calls or shares here carries a lot of hopium. I'd much prefer selling the November $80 puts for the chance to generate income without even needing a rally. If OKTA stock stays above my level then I achieve maximum gains. Worst case scenario I keep my profit and own the shares at a 25% discount from Monday's close. I don't accrue losses unless OKTA falls below $79 per share. Twilio (TWLO)Twilio stock is also expensive as it sells at 25 times its sales. Clearly Twilio is also bloated based from traditional valuations. However, the company is poised to continue to benefit from the expansion of software services. So I don't judge entirely on today's valuation metrics. As long as they grow their top line, the P/E almost doesn't matter -- for a while at least.Nevertheless, there is risk from the charts. Once TWLO stock lost $120 per share, it triggered a bearish pattern with about $20 of potential downside. So far, it has priced in almost half of it as of Monday. So here it could bounce a little before it finishes the rest of the pattern.If I catch the Twilio stock knife today, I should know that there might be more pain ahead. So it's a good idea to start with half a position then add to it to manage risk if needed. As far as levels, TWLO stock has a pivot near $102 per share. This is not a hard line in the sand but rather a rubber band zone.For the same reasons as above, I like TWLO here or if it finishes the bearish pattern.Just like with OKTA, TWLO stock bulls have the responsibility to prove that these red candles are a mere shakeout of weak hands. And that the control is still in their hands. If I'm already long TWLO, then I stay long it into the support below. If I'm looking for an entry point, this dip is as good as any especially if I do it in tranches. * 10 Stocks to Sell in Market-Cursed September Alternatively, I like to sell downside puts into what others fear. For example I can sell the TWLO November $85 put and collect $2 to open. This way Twilio stock can fall 25% and I can still retain my maximum gains. If it does fall that much, I end up long TWLO stock and break even at $84 per share. The Trade Desk (TTD)TTD stock also lost its footing near $230 per share and is almost completely at the measured target of $200 per share. That is an important number because it is also the point of control for the whole year. Meaning the bulls and bears like to fight hard over it. The TTD 10-month range is huge as it rallied 180% off of the December lows. Coming back to $200 is still 100% gains from the Christmas Eve dip.This is normal price action because when a stock rises so quickly, at a certain point it has to give back some of it in order to build a better base from which the bulls can remount another rally even higher. So as long as TTD stock bulls hold above $190 per share, this drop is a non-event. If I own the shares, this is not the right time to bail on them.On the other hand, this is a momentum stock so technically, it could fill lower gaps like the one near $160 per share. But to get there, the bears will have to work a lot harder than they did to get here. So until then this dip is a buying opportunity.Alternatively here I would rather use options to profit and while leaving a margin of error. For example, I can sell the TTD November $135 put option and collect more than $2 to open. This means that I will profit even if TTD falls another 35% from current levels. If it falls below $133 then I would accrue losses.Fundamentally, TTD is also bloated from the traditional valuation perspective. Its trailing P/E is 100, and it sells at 22 times at sales. But then again this is a case where investors are paying up for future potential and not current profitability levels.Once hot stocks lose a lot of their froth, it's hard to regain the same level of enthusiasm on Wall Street. So the extreme sustained rallies become harder to achieve. That's why I prefer using options so to bank on downside support rather than upside potential.It is also important to note that I never sell naked puts unless I intend to own the shares. And I never risk more than I can afford to lose.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post 3 SaaS Stocks to Buy Now: OKTA, TWLO, TTD appeared first on InvestorPlace.
A new commodity has taken the world by storm, and while tech giants are already locked in, smart money is betting on a few little-known competitors to see big profits
Oracle (ORCL) beat both top and bottom-line estimates last quarter and its shares have outpaced the broader technology market over the last 12 months, up 12% against its industry's 1% decline. So is now the time to buy ORCL stock heading into Q1 2020 earnings?
Events to be audiocast live on Salesforce's investor relations website SAN FRANCISCO , Sept. 9, 2019 /PRNewswire/ -- Salesforce (NYSE: CRM), the global leader in CRM, today announced that Salesforce executives ...
Salesforce has been on a spending spree lately. If the company continues that strategy, its potential for growth could be off the charts.
As more and more businesses go digital, cloud-based software providers stand to reap the benefits. A cloud refers to networks comprised of hyper-scale data centers built using open-source software and commodity hardware. With the demand for cloud-based solutions only growing, enterprises are turning to software companies to provide the digital infrastructure they need to keep pace with a world that’s increasingly online. But how are investors supposed to know which stocks are poised to soar beyond the clouds? One way to find these stocks is by using the TipRanks Stock Screener. The Stock Screener lets you sort stocks by sector and analyst consensus to pinpoint the most compelling investments. Using this tool, we were able to find 3 cloud-based software stocks that have garnered substantial support from Wall Street with a “Strong Buy” analyst consensus. This is based on the last three months’ worth of ratings from all other analysts. Let’s dive in. Salesforce.com, Inc. (CRM) As the pioneer behind customer relationship management (CRM) software, Salesforce has cemented its status as one of the leading players in the space. Based on its solid performance in its most recent quarter, investors are liking what they’re seeing. On August 22, the company posted a second quarter earnings and revenue beat driven by the strength of its Sales Cloud and Service Cloud. Sales cloud, the company’s largest product, generated $1.13 billion in revenue while the Service Cloud reached $1.09 billion, up 13% and 22%, respectively, from the year-ago quarter.That being said, CRM has been branching out as part of a larger effort to diversify its product offerings. Back in 2018, CRM acquired Mulesoft’s software business for $6.5 billion. The deal allowed CRM to offer solutions using data stored in disparate systems, some in the cloud and some in legacy on-premises software. This was followed up by an even larger acquisition of data visualization company Tableau. At $15.3 billion, the purchase was the company’s largest acquisition in its history. While some investors originally expressed concern that CRM was biting off more than it can chew with the acquisition, RBC Capital analyst Alex Zukin believes the current valuation of 5.5 times enterprise value to expected 2021 revenue represents a unique opportunity. “We see little meaningful competition and no evidence of pricing pressure or market saturation at Salesforce,” the five-star analyst explained. As a result, he assumed coverage with a Buy while raising the price target from $181 to $200 on August 23. He believes shares could surge 32% in the next twelve months.Wall Street clearly agrees as CRM has received 26 Buy ratings and no Holds or Sells in the last three months, giving it a ‘Strong Buy’ analyst consensus. Its $188 average price target indicates 24% upside potential. ServiceNow Inc. (NOW)While not as well-known as CRM, ServiceNow has been deemed a must-watch name in the workplace software space. Its cloud-based solutions get rid of paperwork by enabling its customers to digitize manual business processes that have typically needed to be performed on paper. With shares already up 48% year-to-date, it’s easy to see why analysts are excited about this cloud stock.Throughout the company’s history, it has been able to garner a positive reputation among customers based on its easy-to-use design. It doesn’t hurt that the software can be integrated with its customers’ existing software such as Amazon Web Services (AMZN), Microsoft Azure (MSFT), Google Cloud (GOOGL) as well as several others. According to NOW’s July 24 Q2 earnings release, customers are happy. The company boasts an almost 99% renewal rate, with it consistently marketing and cross-selling its other products to existing customers.Not to mention NOW was able to finalize 39 transactions each with more than $1 million in net new annual contract value (ACV) during the quarter. This brings its total customer base with an AVC over $1 million to 776, up 33% year-over-year. While the company has taken some heat over its lofty valuation, Stifel Nicolaus analyst Tom Roderick believes NOW looks poised to grow into its valuation. As a result, he upgraded the rating from a Hold to a Buy and bumped up the price target from $290 to $320 on August 21. The five-star analyst's new price target demonstrates his confidence in NOW’s potential to gain 21% over the next twelve months. All in all, the rest of the Street is bullish on NOW. It boasts a ‘Strong Buy’ analyst consensus and a $317 average price target, suggesting 20% upside potential. Q2 Holdings Inc. (QTWO)Q2 Holdings wants to change the way financial institutions operate by providing cloud-based digital banking solutions. The company is aiming to meet the needs of smaller banks that are seeing a drop in customer engagement at their physical locations. QTWO allows customers to build custom websites or mobile apps through its three platforms, a digital banking platform, lending and leasing and a banking-as-a-service. QTWO’s strategy appears to be working as evidenced by the results from its most recent quarter. On August 7, the company reported that its customer base gained 19% from the year-ago second quarter to reach 13.6 million users across all platforms. As a result, quarterly revenue totaled $77.6 million, up 33% year-over-year.“We closed out the first half of the year on a strong note. Given our sales execution, we plan to continue investing in integration, innovation and delivering successful client outcomes,” said CEO Matt Flake.Adding to the good news, QTWO announced on August 29 that it is partnering with Athena Home Loans to provide digital mortgages. Based on QTWO’s strong second quarter performance, KeyBanc analyst Arvind Ramnani reiterated his Buy rating while raising the price target from $98 to $102 on August 28. The four-star analyst believes that shares could soar 17% in the next twelve months.Wall Street appears to echo the analyst’s sentiment. The stock is a ‘Strong Buy’ among analysts, with it receiving 6 Buy ratings vs 2 Holds in the last three months. Its $94 average price target implies 7% upside potential. Find analysts’ favorite stocks with the Top Analysts’ Stocks tool
Salesforce Chief Philanthropy Officer, Ebony Beckwith joins Yahoo Finance's Julie Hyman, Adam Shapiro and Dan Roberts as well as Adam Johnson, publisher of Bullseye Brief to discuss the latest investment the company has made in Bay Area schools.