salesforce.com, inc. (CRM) Announces Quarterly Earnings, Beats Estimates By $0.01 EPS
salesforce.com, inc. (NYSE:CRM) released its earnings data on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01, Analyst Ratings.Net reports. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share.
In other salesforce.com, inc. news, CEO Marc Benioff sold 60,000 shares of the stock on the open market in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $54.78, for a total value of $3,286,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CRM shares. Analysts at Morgan Stanley reiterated a “positive” rating on shares of salesforce.com, inc. in a research note on Thursday, June 19th. Analysts at Credit Suisse reiterated an “outperform” rating on shares of salesforce.com, inc. in a research note on Thursday, May 29th. They now have a $75.00 price target on the stock, down previously from $80.00. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. salesforce.com, inc. has an average rating of “Buy” and an average price target of $67.24.
salesforce.com, inc. (NYSE:CRM) traded up 0.58% on Thursday, hitting $55.71. The stock had a trading volume of 8,670,123 shares. salesforce.com, inc. has a 52-week low of $42.11 and a 52-week high of $67.00. The stock’s 50-day moving average is $54.49 and its 200-day moving average is $56.10. The company’s market cap is $34.206 billion.
salesforce.com, inc. is a provider of enterprise cloud computing and social enterprise solutions. The Company provides a customer and collaboration relationship management (NYSE:CRM), applications through the Internet or cloud.
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