salesforce.com (CRM) Earns Daily News Sentiment Rating of 0.09
Press coverage about salesforce.com (NYSE:CRM) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. salesforce.com earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned press coverage about the CRM provider an impact score of 46.0448277356693 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- salesforce.com, inc. (CRM) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
- Salesforce.com, inc. (CRM) Eye-Catching Institutional Ownership of 88.10%- Xcel Energy Inc. (XEL) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Stock to Keep Your Eyes on – Salesforce.com, inc. (CRM) – android media cell (androidmediacell.com)
- Will keep growing at 50-100% annually: Freshworks’ Girish Mathrubootham (vccircle.com)
- salesforce.com, inc. (CRM) Insider Sells $1,900,284.45 in Stock (americanbankingnews.com)
CRM has been the topic of a number of research analyst reports. Vetr lowered shares of salesforce.com from a “buy” rating to a “hold” rating and set a $107.78 price objective on the stock. in a report on Monday, December 11th. Piper Jaffray Companies restated a “buy” rating and set a $115.00 target price on shares of salesforce.com in a research report on Wednesday, November 1st. Cowen restated a “buy” rating and set a $118.00 target price on shares of salesforce.com in a research report on Tuesday, November 21st. Oppenheimer restated a “buy” rating and set a $125.00 target price (up from $100.00) on shares of salesforce.com in a research report on Wednesday, November 22nd. Finally, JPMorgan Chase & Co. set a $120.00 target price on shares of salesforce.com and gave the company a “buy” rating in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and forty-three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $112.86.
salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS. analysts forecast that salesforce.com will post 0.43 EPS for the current fiscal year.
In other news, Chairman Marc Benioff sold 5,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Maria Martinez sold 940 shares of the stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $102.61, for a total transaction of $96,453.40. Following the completion of the transaction, the insider now directly owns 17,929 shares in the company, valued at $1,839,694.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 489,647 shares of company stock worth $52,646,350. 6.20% of the stock is owned by company insiders.
Salesforce.com, Inc is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
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