salesforce.com (CRM) Given Daily Media Sentiment Rating of 0.92

News coverage about salesforce.com (NYSE:CRM) has trended somewhat positive recently, according to InfoTrie. The research group identifies negative and positive news coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. salesforce.com earned a daily sentiment score of 0.92 on their scale. InfoTrie also assigned news articles about the CRM provider an news buzz score of 1 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news articles that may have impacted salesforce.com’s analysis:

A number of equities analysts have recently commented on the stock. Wedbush lifted their price target on shares of salesforce.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, August 22nd. Barclays lifted their price target on shares of salesforce.com from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, August 15th. Piper Jaffray Companies lifted their price target on shares of salesforce.com from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, August 15th. Morgan Stanley lifted their price target on shares of salesforce.com from $153.00 to $178.00 and gave the company an “overweight” rating in a research report on Tuesday, August 14th. Finally, Sanford C. Bernstein reissued a “neutral” rating and issued a $149.00 price target on shares of salesforce.com in a research report on Wednesday, November 28th. Four analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. salesforce.com has an average rating of “Buy” and a consensus target price of $168.08.

CRM opened at $142.06 on Friday. salesforce.com has a fifty-two week low of $101.32 and a fifty-two week high of $161.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $106.52 billion, a price-to-earnings ratio of 315.69, a price-to-earnings-growth ratio of 4.23 and a beta of 1.42.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.11. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the previous year, the company earned $0.39 earnings per share. The business’s revenue was up 25.6% compared to the same quarter last year. On average, sell-side analysts anticipate that salesforce.com will post 1.32 EPS for the current fiscal year.

In other salesforce.com news, insider Parker Harris sold 5,711 shares of salesforce.com stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $152.69, for a total transaction of $872,012.59. Following the sale, the insider now owns 27,938 shares in the company, valued at $4,265,853.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan Wojcicki purchased 6,000 shares of the firm’s stock in a transaction on Monday, September 17th. The shares were acquired at an average price of $157.57 per share, for a total transaction of $945,420.00. Following the purchase, the director now directly owns 90,320 shares of the company’s stock, valued at $14,231,722.40. The disclosure for this purchase can be found here. Insiders have sold 487,322 shares of company stock worth $71,467,243 in the last quarter. Corporate insiders own 6.00% of the company’s stock.

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salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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