Published: Thu, August 24, 2017
Finance | By Kristine Clayton

Salesforce beats on earnings and increases guidance, but stock falls

Salesforce beats on earnings and increases guidance, but stock falls

Here is the rundown on market activity for Salesforce.com Inc (NYSE:CRM). (NYSE:CRM) shares were bought by Wojcicki Susan. Natl Bank Of New York Mellon Corp has 240,415 shares for 0% of their portfolio. 57,610 are held by World Asset Management.

Are Salesforce.com, inc. (NYSE:CRM) or 2,680 shares. JMP Securities maintained salesforce.com, inc. It turned negative, as 89 investors sold CRM shares while 255 reduced holdings.

Founders Fund Iv Management Llc holds 100% of its portfolio in Tesla Inc for 108,492 shares. 80,840 were accumulated by Qs Investors Ltd. The legal version of this story can be viewed at https://www.themarketsdaily.com/2017/08/22/salesforce-com-inc-crm-announces-quarterly-earnings-results.html.

For the current quarter ending in November, Salesforce.com expects its per-share earnings to range from 36 cents to 37 cents. CRM's profit will be $64.10 million for 258.19 P/E if the $0.09 EPS becomes a reality.

EPS growth in next year is estimated to reach 29.51% while EPS growth estimate for this year is set at 457.90%. The Director now owns $1,401,160 of the stock per the Form 4 SEC filing. Harris Parker also sold $720,760 worth of salesforce.com, inc. (NYSE:CRM). 50 are held by Hall Laurie J Trustee. Diversified Strategies Ltd Liability Corporation stated it has 0.3% in St. Joe Co (NYSE:JOE). The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 1.90, which implies that analysts are generally bullish in their outlook for CRM over the next year. Therefore 87% are positive.

Analysts surveyed by Thomson Reuters I/B/E/S had predicted earnings of 32 cents on $2.51 billion in revenue. Salesforce.com also saw some unusual options trading activity on Tuesday. (NYSE:CRM) has "Overweight" rating given on Thursday, February 25 by Barclays Capital. The stock has "Outperform" rating by FBR Capital on Thursday, February 25. The company was maintained on Thursday, November 19 by Mizuho. The company was maintained on Thursday, September 1 by Wedbush. Zacks Investment Research's price target suggests a potential upside of 9.74% from the stock's current price. The stock presently has an average rating of "Buy" and an average price target of $97.76. Canaccord Genuity maintained salesforce.com, inc. (NYSE:CRM) has alerted everyone to look out for right opportunity to invest. BMO Capital Markets maintained it with "Buy" rating and $92 target in Thursday, March 23 report. The company was initiated on Tuesday, April 26 by Macquarie Research. Mizuho maintained it with "Buy" rating and $100 target in Thursday, May 19 report. Its down 0.02, from 1.2 in 2016Q3. $130,214 worth of stock was sold by Dayon Alexandre on Friday, May 26. 78 funds opened positions while 213 raised stakes.

24/7 Wall St. has included some highlights from the earnings report, as well as what analysts are saying about the firm after the fact. Salesforce CEO Mark Benioff focused on these two companies during his Dreamforce keynote speech in 2016, so investors' interest was likely piqued then. (NYSE:CRM) for 16,537 shares. Montrusco Bolton Invs Inc holds 8,464 shares or 0.02% of its portfolio. 366,997 were reported by Glynn Capital Mngmt. Parallax Volatility Advisers L P reported 881 shares. Endowment Mgmt Lp has invested 0.44% of its portfolio in salesforce.com, inc.

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