CRM - salesforce.com, inc.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 191.89 |
| Open | 193.16 |
| Bid | 192.10 x 800 |
| Ask | 194.08 x 1000 |
| Day's Range | 192.29 - 195.39 |
| 52 Week Range | 115.29 - 195.72 |
| Volume | 4,096,380 |
| Avg. Volume | 6,674,311 |
| Market Cap | 173.47B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | Aug 20, 2020 - Aug 24, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 200.14 |
- Insider Monkey
Were Hedge Funds Right About Piling Into salesforce.com, inc. (CRM)?
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
- TheStreet.com
Slack Faces Increasing Competition
This was a name I had been very bullish on but the story has changed enough that I need to reconsider my stance.
ReutersZoom says added over 100 features as part of 90-day security plan
Zoom Video Communications Inc said on Wednesday it has added over 100 features to its video conferencing as part of its 90-day plan to address security and privacy concerns. To address those concerns, it has embarked https://www.reuters.com/article/us-zoom-video-commn-privacy/zoom-hires-ex-facebook-security-chief-as-google-bans-desktop-app-idUSKBN21Q1TY on a 90-day plan and hired several security experts, including former Facebook security chief Alex Stamos as an adviser, to address privacy concerns. Last week, Zoom took another step towards tackling these concerns and named former Salesforce.com Inc security executive Jason Lee as its chief information security officer.
- TheStreet.com
How Traders Should Play the Pullback in Salesforce
For his final "Executive Decision" segment of Mad Money Thursday evening, Jim Cramer checked in Marc Benioff, founder, chair and CEO of Salesforce.com , a company working hard to help companies and governments fight the coronavirus. Benioff said every technology company needs to stay relevant and keep innovating and that's what Salesforce has done with Work.com, its site that helps companies reopen safely. There are 35 states and countless companies using Salesforce's tools for contact tracing, one of the many important steps in helping to contain the spread of the virus.
- Yahoo Finance
HP CEO: 'We are a purpose driven brand'
HP CEO Enrique Lores chats with Yahoo Finance about diversity and the future of the PC and printer maker.
- GlobeNewswire
The Canadian Chamber announces $10K lifeline for 62 small businesses across Canada
The Canadian Chamber of Commerce and Salesforce today announced 62 businesses received the $10,000.00 grant from the Canadian Business Resilience Network Small Business Relief Fund. More than 1100 small businesses across Canada applied to the relief fund.
- Yahoo Finance
Salesforce CEO urges public schools to build 'resiliency,' distance learning as coronavirus rages
The billionaire tech chief warned that the school system needs to be prepared for the fall, especially if a new wave of COVID infections swamps the U.S.
- Zacks
Why Is Salesforce.com (CRM) Up 1.1% Since Last Earnings Report?
Salesforce.com (CRM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Yahoo Finance
Salesforce's Benioff blasts Facebook, renews 'cigarettes' charge: 'They're after your kids'
Marc Benioff doubled down on his years-long criticism of the social network, which is being battered by a new controversy.
- GuruFocus.com
Insiders Roundup: Salesforce, Mastercard
Largest insider trades of the week Continue reading...
- Yahoo Finance
Salesforce's Benioff: The future of work is a 'work anywhere, live anywhere environment' that's all digital
'We're learning a lot. We're seeing this incredible new world of work. Not everyone is coming back to the office,' says Benioff.
- InvestorPlace
DocuSign Still Has Room Left to Grow
When the novel coronavirus struck, we all knew companies in the digital space would see a sharp increase in usage. That's what happened with Salesforce (NYSE:CRM), Zoom (NASDAQ:ZM), and Slack (NYSE:WORK), all of whom offer services that help companies manage their workflows better in a remote environment. However, DocuSign (NASDAQ:DOCU) stock is also making huge strides during this time.Source: Sundry Photography / Shutterstock.com Based in San Francisco, the company allows organizations to manage electronic agreements through its cloud-based technology. You can use the platform through subscription or free of charge mobile device apps.I am not surprised DocuSign services are seeing increased usage in the current climate. As the crisis prolongs, more and more companies are looking to shift to the cloud and execute their daily work digitally. In such an environment, DocuSign is bound to thrive, and the company's recent earnings are a testament to this fact.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Consumer Stocks to Buy to Ride the Post-Covid-19 WaveIn addition to these developments, the company is looking to broaden its horizons and create an ecosystem facilitating complete contract lifecycle management. The new offerings will significantly expand its moat and ensure the firm sustains its momentum moving forward. Corovarius Lifts Q1 EarningsIt would be incorrect to say DocuSign would not have delivered a stellar first quarter if not for Covid-19. However, there is no denying the pandemic helped in driving subscription numbers northwards. EPS came in at 12 cents per share, beating analyst estimates by 2 cents. Q1 saw total customers growing to 661,000 from 508,000 in the year-ago quarter. Revenues smashed estimates by $16.18 million, reaching $297.02 million. The company issued guidance for revenues to reach between $316 million and $320 million in the forthcoming quarter.CEO Dan Springer spoke on how long-term trends favor DocuSign."Companies are realizing, there's a better way to do business getting rid of the paper-based processes, which are hard on themselves, hard on their customers and hard on the environment," he said. Maintaining Momentum for DOCU StockDocuSign's management took practical steps to create an ecosystem built around contract lifecycle management.In pursuing that goal, the company acquired SpringCM, a contract lifecycle management firm.The company also paid $188 million to purchase Seal Software, an AI-powered technology solution focusing on enterprise contract analytics. The platform helps identify contract terms that are not beneficial or areas of improvement.I believe the addition of these companies will allow DocuSign to reduce the churn rate. Its eSignature service remains the bread-and-butter product. But moving into these other areas is necessary to diversify operations. Is DOCU Stock Overvalued?In the last six months, DOCU stock has risen by almost 120%. Many investors are justifiably worried if the company is running out of steam. You can see that sentiment in analyst estimates as well, with a 12-month price target of $153.00 per share, which compares unfavorably to the current price of about $165 a pop.However, what I think that analysts are missing here is that the stock comes with a lot of intrinsic value since it focuses on a niche industry that will grow at a compound annual growth rate of 24.6% between 2020 and 2030.Given the forward-looking nature of the business, I don't expect dirt-cheap valuations, but DOCU stock is trading at reasonably high multiples at the moment.That said, the recent M&A activity shows management believes in the power of continuously diversifying their product suite. That's certainly the right way to go. And, I think the markets will reward the company for this approach. Takeaway on DOCU StockDOCU stock took a hit back in March, as Covid-19 walloped markets the world over. However, shares of the software-as-a-service company have made a full recovery since then.Even though the effects of Covid-19 are weaning, social-distancing rules will likely become a norm rather than an exception moving forward. In such an environment, remote approval of documents will become commonplace in several companies.I rate DOCU stock as a buy, despite shares trading at high multiples.Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. He has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio. He does not directly own the securities mentioned above. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post DocuSign Still Has Room Left to Grow appeared first on InvestorPlace.
- Investor's Business Daily
Dow Jones Futures: Coronavirus Stock Market Rally Resilient As Tesla Leads Bullish Rebounds; Nike, JPMorgan, Goldman Move Late
Stock Futures: The coronavirus stock market rally bounced back Thursday. So did Tesla and other leaders. DJIA stocks Nike, JPMorgan and Goldman Sachs moved late.
- Yahoo Finance Video
Yahoo Finance Presents: Salesforce CEO Marc Benioff
On this episode of Yahoo Finance Presents, Salesforce CEO Marc Benioff joins Yahoo Finance's Julia La Roche to discuss new announcements following the TrailheaDX developers conference, his leadership strategies during the pandemic, and his involvement in public education efforts for a post COVID-19 world.
- Benzinga
Salesforce Option Trader Bets $1.5M On Software Stock Heading Higher
Salesforce.com, inc. (NYSE: CRM) shares are up 21.7% in the past year. The cloud-based customer relationship management giant has been one of the best large-cap growth stocks in the market in recent years, and at least one large option trader is expecting more of the same from the stock over the next three months.The Salesforce Trades On Thursday morning, Benzinga Pro subscribers received two option alerts related to unusually large Salesforce trades: * At 9:51 a.m., a trader bought 1,320 Salesforce call options with a $190 strike price expiring Sept. 18 at the ask price of $11.35. The trade represented a more than $1.49-million bullish bet. * At 10:57 a.m, a trader bought 400 Salesforce put options with a $180 strike price expiring on July 17 at the ask price of $4. The trade represented a $160,000 bearish bet.Why It's Important Even traders who stick exclusively to stocks often monitor option market activity closely for unusually large trades. Given the relative complexity of the options market, large options traders are typically considered to be more sophisticated than the average stock trader.Many of these large options traders are wealthy individuals or institutions who may have unique information or theses related to the underlying stock.Unfortunately, stock traders often use the options market to hedge against their larger stock positions, and there's no surefire way to determine if an options trade is a standalone position or a hedge. In this case, given the relatively large size of Thursday's Salesforce option trades, they could certainly be institutional hedging.Soaring Software Stocks Thursday's large Salesforce option trades come after analysts from Goldman Sachs and Jefferies reiterated bullish ratings on Salesforce and raised their price targets earlier this week.Goldman Sachs analyst Heather Bellini raised her target from $204 to $220 and said the combination of expanding software earnings multiples, lower interest rates and falling equity risk premiums should help propel Salesforce to new highs. Software stocks have been relatively strong performers during the COVID-19 downturn given they have endured less disruption from the economic shutdown than companies reliant on on-site business.Jefferies analyst Brent Thill also raised his target from $205 to $220 on Monday."We also believe covid-19 has been [an] accelerator driving more businesses to the cloud, which should benefit CRM," Thill said. CRM Chart by TradingView new TradingView.widget( { "width": 680, "height": 423, "symbol": "NYSE:CRM", "interval": "D", "timezone": "Etc/UTC", "theme": "light", "style": "1", "locale": "en", "toolbar_bg": "f1f3f6", "enable_publishing": false, "allow_symbol_change": true, "container_id": "tradingview_56ab0" } ); Benzinga's Take The fact that the large call buyer chose a September expiration date suggests the bullish thesis isn't simply a bet that Salesforce's short-term bullish momentum will continue in the near-term. The September calls have a break-even price of $201.35, suggesting at least another 7.9% in upside over the next three months.Do you agree with this take? Email feedback@benzinga.com with your thoughts.Related Links:Johnson & Johnson Option Trader Makes .7M Bet On 17% Upside How To Read And Trade An Option AlertPhoto courtesy of Salesforce.See more from Benzinga * Gordon Johnson Says SolarEdge 'One Of The Better Shorts In The Market' * Johnson & Johnson Option Trader Makes .7M Bet On 17% Upside * Analyst: S&P 500 'Likely To End 2020 At Or Close To Current Levels'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- TheStreet.com
Salesforce Joins Cybersecurity Firm Tanium's Funding Round
Salesforce invested in a funding round for cybersecurity company Tanium, which is now valued at about $9 billion.
- TechCrunch
Salesforce announces a new mobile collaboration tool for sales called Anywhere
Salesforce introduced a new tool today at the Trailheadx Conference called Salesforce Anywhere that's designed to let teams collaborate and share data wherever they happen to be. Salesforce VP of product, Michael Machado says that the company began thinking about the themes of working from anywhere pre-COVID. "We were really thinking across the board what a mobile experience would be for the end users that's extremely opinionated, really focuses on the jobs to be done and is optimized for what workers need and how that user experience can be transformed," Machado explained.
- PR Newswire
Introducing Salesforce Anywhere: Technology Enabling the All-Digital, Work-From-Anywhere World
TRAILHEADX -- While companies, governments and organizations are slowly returning to their offices, the COVID-19 pandemic has changed the future of work forever. In fact, nearly 70 percent of people believe the pandemic will permanently change the nature of work and more than 50 percent say that flexible work locations are very important to them. An all-digital, work-from-anywhere world is becoming the new normal. That's why Salesforce [NYSE: CRM], the global leader in CRM, today introduced Salesforce Anywhere – bringing together powerful new technologies and platform services to help organizations unlock new levels of productivity and customer success for this new normal.
- MarketWatch
Zoom's stock rises toward 4th-straight record, hires 20-year industry veteran to lead security efforts
Shares of Zoom Video Communications Inc. rose 1.1% in afternoon trading Wednesday, putting them on track for a fourth-straight record close, after the company named a 20-year software security industry veteran as its new chief information security officer. The videoconference software company's stock bucked the selloff in the broader stock market, which came amid growing concerns over the recent surge in new COVID-19 cases. Zoom said Jason Lee, who was previously senior vice president of security operations at Salesforce.com Inc. and principal director of security engineering at Microsoft Corp. , will join the company, effective June 29. Zoom's stock has nearly quadrupled year to date (up 276%), while the S&P 500 has lost 5.2%.
- GlobeNewswire
Powering the Remote Workforce - at Scale: CEO’s of CRM, TWLO, NEXCF, DOCU Discuss Megatrends & Innovation Driving Revenue Growth
Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest from leaders at Salesforce, Inc (CRM), DocuSign (DOCU) NexTech AR Solutions (NEXCF) (CSE:NTAR) and Twilio, Inc. (TWLO). In the latest earnings call, CEO Marc Benioff shares how Salesforce is successfully adapting in the current pandemic, investing for the future, and helping it’s global enterprise and government customers drive digital transformation.
- PR Newswire
MuleSoft Announces New Accelerator for Healthcare, Continues Innovation to Help Organizations Unlock Data to Stabilize, Reopen and Grow
MuleSoft, provider of the world's 1 integration and API platform, today announced its continued solutions innovation with MuleSoft Accelerator for Healthcare, a set of prebuilt APIs and integrations to unlock critical external public health data and common electronic health record (EHR) systems like Epic and Cerner. More than ever, organizations need to securely connect data — no matter where it resides — with critical systems and external sources, such as public health status and government policy. MuleSoft Accelerator for Healthcare joins the company's existing set of integration solutions and resources, available in a public marketplace of prebuilt APIs and integration assets designed to help organizations unlock and connect data faster. With reusable APIs and integrations, organizations can save time, money and resources by building on proven best practices and leveraging prebuilt templates. The new MuleSoft solutions allow organizations to quickly and easily deliver connected experiences, inform safe return-to-work strategies, and accelerate digital transformation in the new normal.
- GuruFocus.com
5 Companies Developing AI Technology to Keep an Eye On
Remote work spurs on the desire for automation Continue reading...
- GuruFocus.com
Goldilocks and the Moat Concept
Sometimes a moat is just as important to keep customers in as it is to keep competition out Continue reading...
- Barrons.com
The Dow Is Rising Because China Trade Deal Is ‘Fully Intact’
All three major U.S. stock indexes were solidly higher after a volatile evening. Apple gained on news that it will move away from Intel-designed processors and develop its own chips.
- TechCrunch
Salesforce introduces several new developer tools, including serverless functions
Salesforce has a bunch of announcements coming out of the virtual TrailheaDX conference taking place later this week, starting today with some new developer tools. The goal of these tools is to give developers a more modern way of creating applications on top of the Salesforce platform. Perhaps the most interesting of the three being announced today is Salesforce Functions, which enable developers to build serverless applications on top of Salesforce.
