|Bid||152.73 x 900|
|Ask||152.76 x 1200|
|Day's Range||151.65 - 158.42|
|52 Week Range||113.60 - 167.56|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||127.03|
|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."
The Dow Jones fell for a fourth week as the China trade war escalates, despite a dovish Fed chief Powell. Target, Home Depot, Salesforce rose on earnings.
The cloud software provider continues to impress, touting strong second-quarter earnings and an improved outlook for the rest of 2019.
Investors were less than thrilled with the company’s recent $15.7 billion acquisition of Tableau Software, fretting about the company’s ability to sustain outsize growth and jittery about the impact of softening economies in Europe and elsewhere. For the quarter, Salesforce posted revenue of $4.0 billion, up 22% from a year ago, and ahead of the company’s forecast range of $3.94 billion to $3.95 billion. Non-GAAP profits of 66 cents a share were far above the range of 46-47 cents a share Salesforce had predicted.
CRM stock has lagged software group peers as investors digest big acquisitions, such as Tableau. Could digital transformation growth drive a Salesforce stock rally.
Salesforce is seeing its gains eroded by the macro factors moving tech sectors lower on Friday, but that could be a positive for those looking for options as trade fears mount. Shares of the San Francisco-based cloud king jumped to start the day, rising over 6% on the open after an excellent earnings release.
The company blew past the $0.47 EPS estimate Wall Street expected when it posted gains of $0.66. Revenue of $4 billion squeezed past the $3.95 billion Wall Street laid out. After crushing estimates last quarter, CRM management lowered its 2nd quarter EPS estimates from $0.66 to $0.47.
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.
Things are looking up for Salesforce . After the cloud software giant beat on sales and earnings expectations and raised full year guidance in its earnings report issued after the close on Thursday, the stock was rising 6.67% to $158.13 a share on Friday. The earnings report was the first since the completion of Salesforce's acquisition of Tableau Software for $15.3 billion.
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.
Salesforce's Q2 performance was strong but its acquisitions muddy the year-over-year comparisons. Plus, its valuation gives its shares little margin for safety.
Shares of the San Francisco-based cloud leader leapt over 8% in pre-market trading after a report of $4 billion in revenue for its fiscal second quarter, a 23% jump year-over-year on a constant currency basis, which beat the consensus and adjusted earnings per share of 66 cents, which roared past the consensus expectation of 47 cents. The results from the cloud king are typically satisfactory, extending multiple years of consistent earnings beats on the top and bottom lines. Across every industry, every geography, they are turning to Salesforce as their trust advisor into our Customer 360 platform as the foundation and catalyst of their growth," co-CEO Keith Block told analysts on Thursday evening.
Investing.com - U.S. futures inched higher on Friday ahead of a speech from Federal Reserve Chairman Jerome Powell at the central bank's annual gathering in Jackson Hole, Wyoming.
U.S. stock futures turn lower Friday after China says it will retaliate in its tariff battle with the U.S.; Salesforce jumps after reporting second-quarter earnings that beat estimates and raising its fiscal-year guidance; VMware to buy Pivotal Software and Carbon Black; Hasbro acquires the owner of the rights to 'Peppa Pig.'
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...