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Salesforce posts better-than-expected quarterly revenue (CRM)

19 May 2017

Analysts Joel Fishbein, Edward Parker and Abhinav Kapur noted that the company continues to deliver on its broadening platform strategy.

Revenue of $2.39 billion. The stock exchanged hands 9.86 Million shares versus average trading capacity of 4.13 Million shares, yielding a market cap of $62.42 Billion. Stock investors purchased 20,233 call options on the stock. The day's total volume of 9231621 this morning is in contrast from the three-month daily average of 4218.18K.

Currently, the market capitalization of salesforce.com, inc. Needham & Company LLC initiated coverage on salesforce.com, inc.in a research report on Wednesday, February 15th. Vetr upgraded salesforce.com, inc. from a buy rating to a strong-buy rating and set a $93.31 price objective for the company in a research report on Monday, March 20th.

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Stock has got outperform rating from no analyst of Thomson Reuters whereas 1 analyst given hold rating to the stock. Roos John Victor sold $11,628 worth of salesforce.com, inc. One analyst has rated the stock with a sell rating, four have issued a hold rating and forty-two have given a buy rating to the company's stock. The stock now has a consensus rating of "Buy" and an average price target of $94.72. Perkins Coie Co has invested 0.01% in salesforce.com, inc. During the same period a year ago, the firm posted $0.24 EPS. If you are reading this article on another site, it was illegally copied and republished in violation of United States & global trademark and copyright legislation. (NYSE:CRM) news were published by: Investorplace.com which released: "Salesforce.com, Inc".

Shares of salesforce.com, inc.

On 5/16/2017 Maynard G Webb Jr, Director, sold 2,680 with an average share price of $90.01 per share and the total transaction amounting to $241,226.80. Stocks with higher EPS growth rates are generally more preferred by investors than those with slower earnings-per-share growth rates, though in general high growth rates have a propensity to revert over the longer term to more even growth rates.

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Current levels places Salesforce.com, inc. The stock was sold at an average price of $81.73, for a total transaction of $17,228,684.00. Following the completion of the transaction, the chairman now directly owns 34,195,300 shares of the company's stock, valued at approximately $3,002,005,387. The disclosure for this purchase can be found here. Company insiders own 6.70% of the company's stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CRM. Brown Advisory Lc holds 0.56% of its portfolio in salesforce.com, inc.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 12.86%, and has a solid year to date (YTD) performance of 28.18% which means the stock is constantly adding to its value from the previous fiscal year end price. Kornitzer Capital Management Inc. Dubuque Bank & Trust Co. increased its position in shares of salesforce.com, inc.by 387.1% in the first quarter. KS now owns 172,981 shares of the CRM provider's stock valued at $12,339,000 after buying an additional 4,665 shares during the period. Wedbush reiterated an "outperform" rating and issued a $102.00 price objective (down previously from $105.00) on shares of salesforce.com, inc.in a research note on Monday. Seven Bridges Advisors LLC now owns 9,699 shares of the CRM provider's stock valued at $692,000 after buying an additional 256 shares during the period. The Firm conducts its business primarily through its bank subsidiary, Branch Banking and Trust Company, and other nonbank subsidiaries. Ltd. raised its position in shares of salesforce.com, inc.by 1.7% in the third quarter. Finally, Seatown Holdings Pte. Rampart Invest Mngmt Limited Liability Company, Massachusetts-based fund reported 7,395 shares. The Firm 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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Salesforce posts better-than-expected quarterly revenue (CRM)