159.41 -0.24 (-0.15%)
After hours: 7:20PM EDT
|Bid||159.45 x 800|
|Ask||159.70 x 1200|
|Day's Range||157.48 - 159.84|
|52 Week Range||113.60 - 167.56|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||108.98|
|Earnings Date||Aug 27, 2019 - Sep 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||183.00|
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 07/15/2019 at an average price of $158.62 a share. Continue reading...
The class action lawsuit seeks to block the $15.7 billion deal, which is expected to close in October.
CyberArk broke out Monday. Twitter, Salesforce.com, Match Group and Autodesk are near buys. All are above key support and in bullish groups.
SAN FRANCISCO , July 15, 2019 /PRNewswire/ -- Salesforce , the global leader in CRM, today announced that Salesforce was named a leader by Forrester Research in its report, The Forrester Wave™: ...
SAN FRANCISCO , July 12, 2019 /PRNewswire/ -- Salesforce , the global leader in CRM, today announced that Salesforce was named a leader by Forrester Research in its report, The Forrester Wave™: ...
In the latest trading session, Salesforce.com (CRM) closed at $158.90, marking a +1.68% move from the previous day.
Deloitte data shows there will be a 29% increase in spending on electronics and gadgets this back-to-school season, reaching $800 million. Total back-to-school spending is expected to reach $27.8 billion, Deloitte said Wednesday, just below last year’s forecast for $28.0 billion. Deloitte polled 1,200 parents who have at least one child in school.
Just over half of Britain's businesses believe the country is at risk of a brain drain after Brexit, with many worried in particular about a shortage of tech skills, according to research by cloud-based software company Salesforce.com. Paul Smith, executive vice president of Salesforce UK, said Brexit was adding to business uncertainty at the same time as companies were grappling with unprecedented levels of technological change.
A growing product suite looks poised to serve customers that aren't yet big enough for Salesforce but still need full-featured software.
CrowdStrike Holdings Inc. (CRWD), a star of the 2019 tech IPO wave and one of the largest “pure play” cybersecurity public offerings by market capitalization on record, just got a vote of confidence from a prominent analyst. In a recent note, Liani initiated coverage on shares of the enterprise software company at a buy rating. CrowdStrike is led by co-founder and CEO George Kurtz, who compares the firm to other companies in different software sectors like Salesforce.com Inc. (CRM) and Workday Inc. (WDAY).
Microsoft (MSFT) teams with ServiceNow on digital workflows and Azure to expand collaborative capabilities in a bid to aid enterprise customers accelerate digital transformation.
Chairman of the Board & co-CEO of Salesforce.com Inc (CRM) Marc Benioff sold 5,000 shares of CRM on 07/09/2019 at an average price of $153.3 a share.
(Bloomberg) -- Microsoft Corp. and ServiceNow Inc., makers of cloud-based software, announced a partnership that will help ServiceNow sell to highly regulated industries and further integrate the companies’ technology. ServiceNow will use Microsoft’s Azure cloud to host workloads for the U.S. and Australian governments, the companies said Tuesday in a statement. The companies may allow other customers to run ServiceNow applications on Microsoft’s cloud, but didn’t specify when. This is the first time that ServiceNow has made its software available for use with a major public cloud-computing vendor.Microsoft will also sell ServiceNow applications, helpingServiceNow enter new segments and geographic markets. The agreement may bolster ServiceNow’s stated goal of reaching $10 billion in annual revenue. ServiceNow pitches itself as a “digital workflow company” that organizes the basics of business, such as setting up a help desk for IT operations or bringing on board new employees. Its decision to use Azure to run its software, instead of relying purely on in-house server farms, is key for Microsoft as it seeks more customers for its cloud infrastructure services. Market leader Amazon.com Inc. counts many of the biggest cloud-software application providers as clients, including Splunk Inc. and Okta Inc. “Microsoft was really best positioned as a broad strategic partner,” Lara Caimi, chief strategy officer of ServiceNow, said in an interview. “We were hearing from our customers that they wanted ServiceNow and Microsoft to work better together.”Microsoft will also use more ServiceNow software, adopting the company’s Information Technology & Employee Experience product “to improve operations, enhance employee experiences, and deliver stronger business outcomes,” according to the statement. For now, the software makers will integrate more capabilities from Microsoft's customer-relationship, accounting, and Office cloud applications with ServiceNow’s programs. The new deal with ServiceNow expands on a limited partnership the companies announced in October. Moving forward, ServiceNow will benefit from Microsoft’s security certifications as it pursues government contracts around the world. For Microsoft, the partnership will give the company another ally in the fast-growing cloud-applications space. The world’s largest software maker already partners with Adobe Inc. and SAP SE — companies that compete against a key Microsoft rival, Salesforce.com Inc. ServiceNow also goes toe-to-toe against Salesforce in help desk software, and Microsoft’s plan to sell ServiceNow products to customers fills a key gap in the Microsoft ecosystem. For its part, Salesforce has bought companies that are rivals of Microsoft, such as analytics company Tableau Software Inc. and Quip, which has a productivity suite.“It's a large vote of confidence in our platform,” said Gavriella Schuster, a Microsoft vice president.ServiceNow’s stock has gained 65% this year, closing at $293 on Monday in New York. Microsoft’s shares have jumped 35% this year to $136.96. The Redmond, Washington-based software maker is the world’s most valuable company by market capitalization.Microsoft and Santa Clara, California-based ServiceNow committed to collaborate on future solutions, and are currently hashing out some of the details. ServiceNow may join Microsoft’s Open Data Initiative, a pact with SAP and Adobe to use the same data model so mutual customers can move information among their various systems. To contact the authors of this story: Nico Grant in San Francisco at firstname.lastname@example.orgDina Bass in Seattle at email@example.comTo contact the editor responsible for this story: Andrew Pollack at firstname.lastname@example.org, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Salesforce.com Inc NYSE:CRMView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for CRM with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $6.06 billion over the last one-month into ETFs that hold CRM are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is very weak relative to the trend shown over the past year, and has continued to ease. However, the rate of expansion may accelerate in the coming months. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.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.
SAN FRANCISCO , July 9, 2019 /PRNewswire/ -- Salesforce , the global leader in CRM, today announced that for the thirteenth consecutive year, Salesforce has been positioned by Gartner, Inc. ...
Salesforce CEO Marc Benioff floated the idea of a “strategic transaction” in his first meeting with Tableau CEO Adam Selipsky Dec. 18.
These days, passive and index investing is all the rage. And there's a good reason for that, many active managers struggle to beat their benchmarks and produce market-beating returns. So, why bother then and pay the additional costs? But the truth is, there are places that active management can pay off. One such example could be among tech stocks.The technology sector continues to be a game of guessing and selecting the next big time. That often means the leaders of tomorrow are the mid- and small-cap tech stocks of today. Popular tech stocks indexes and exchanged-traded funds like the Technology Select Sector SPDR Fund (NYSE:XLK) are often top-heavy with the largest tech stocks around. There's nothing wrong with that. However, an active manager can find the best and most promising smaller stocks outside of the benchmark. Thereby, leading to higher returns.And the proof is in the pudding when you look deeper into key tech ETFs to buy.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks That Should Be Every Young Investor's First Choice There are several tech ETFs and mutual funds that have managed to crush their benchmarks and the broader technology indexes for years. For investors looking for higher returns in the tech sector, the following three funds are a great bet. T.Rowe Price Science and Technology Fund (PRSCX)Earning an average of 20% per year over the last ten years sounds too good to be true. But that's exactly what the T. Rowe Price Science and Technology Fund (MUTF:PRSCX) has managed to do. PRSCX has managed to crush the S&P 500 by nearly 4% per year over that time. It has beaten the XLK as well. The secret is in the stock selection.Manager Ken Allen looks for tech stocks that have the potential for real earnings and revenue growth as well as those that are leading/growing their market share. This serves as an important hedge. Those companies, especially small tech stocks, that fall short of analyst expectations are often treated harshly by investors. But those that actually have the ability to keep churning out revenue and profit growth tend to keep on winning. As a result, PRSCX has been able to keep its returns consistent and high.As for those stocks themselves, the fund is able to not only bet here at home but overseas as well. Top holdings for the fund include U.S.-based Booking Holdings (NASDAQ:BKNG) and the Netherland's ASML Holdings (NASDAQ:ASML). The idea is not to find growth stories, but actual growth stocks. The fund is concentrated as well -- with $5.5 billion in assets spread over just 43 different names. Allen is willing to trade them too. Turnover for the fund is a high 88%. So, this is not one to keep in a taxable account.Expenses for PRSCX clock in at 0.79% or $79 per $10,000 invested. That's a little high when compared to indexing. However, given the mega-sized excess returns for the fund, that expense ratio is a small price to pay. The minimum investment is $2,500. Fidelity Select Software and IT Services Portfolio (FSCSX)One of the biggest trends in all of technology happens to be cloud computing. Being able to access software and apps on any device through the internet has completely changed how both consumers and enterprise customers function. And there's plenty of growth ahead as more firms take to the cloud. Which is why the Fidelity Select Software and IT Services Portfolio (MUTF:FSCSX) could be a great active mutual fund to buy.As the name implies, FSCSX hones in on those stocks that provide software and services related to networking and data warehousing. These days, much of the fund's portfolio reads like a who's who of the top cloud computing players. Microsoft (NASDAQ:MSFT), Salesforce (NASDAQ:CRM) and Adobe (NASDAQ:ADBE) are just some examples of top holdings. And it turns out, this is a great place to be.As cloud computing has grown, so has FSCSX. Over the last ten years, the mutual fund has managed to produce a near-22% annual return. That handily beats the S&P 500 and its benchmark -- the MSCI U.S. IM Software & Services 25/50 Index. That return has allowed the fund to score a coveted five-star rating from Morningstar. * 7 A-Rated Stocks to Buy for the Rest of 2019 Expenses for the fund run at 0.72%. But perhaps the best part is that thanks to recent changes at Fidelity, FSCSX's minimum has been lowered to $0, with additional investments at $0 as well. This can allow even the smallest investors to get better than benchmark returns in the tech sector. Red Oak Technology Select (ROGSX)Active management wins when it is highly selected and concentrated. That's just what the Red Oak Technology Select (MUTF:ROGSX) does. Jim Oelschlager and his team at Oak Associates first look for the most attractive sub sectors of technology. Then they look for great long-term winners among these tech sectors by placing plenty of weight on the durability of the business and the company's valuation. Individual tech stocks competitive advantages and sustainability are also key when building their portfolio. Oelschlager and his team specifically don't look for the hot stories or fads. You won't find Tesla (NASDAQ:TSLA) here.The result is very few bets that are held for a long time. Currently, ROGSX only holds just 35 different tech stocks. Turnover for the fund is just 9%. This focus on durability, moat, and holding has paid off over the long haul.In terms of returns, ROGSX has managed to outperform its benchmark by about a percentage point over the last decade. This highlights the more long-term focus of the managers. In the shorter-term, ROGSX's returns have been a bit bumpy. So, this is definitely one that you'll want to buy and forget about for a while. Expenses for the mutual fund come in at 1.01%.All in all, for those investors looking for long-term -- potentially decades-long -- exposure to tech stocks, ROGSX could be a great mutual fund to buy.As of this writing, Aaron Levitt did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy That Are Down in 2019 * 7 of the Best SPDR ETFs -- Besides SPY and GLD * 5 Dividend Stocks to Buy From Across the Globe The post 3 Tech Funds That Are Crushing Their Benchmarks appeared first on InvestorPlace.
Salesforce.com (CRM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Chairman of the Board & co-CEO of Salesforce.com Inc (NYSE:CRM) Marc Benioff sold 5,000 shares of CRM on 07/02/2019 at an average price of $153.62 a share.
BHP, Foot Locker, Adobe, Oracle and Salesforce highlighted as Zacks Bull and Bear of the Day