salesforce.com, inc. (CRM) Issues Q3 Earnings Guidance
salesforce.com, inc. (NYSE:CRM) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $0.12-0.13 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.13, Analyst Ratings Net reports. The company issued revenue guidance of 1365-1370, compared to the consensus revenue estimate of $1.37 billion.salesforce.com, inc. also updated its FY15 guidance to $0.50-0.52 EPS.
salesforce.com, inc. (NYSE:CRM) traded up 0.58% during mid-day trading on Thursday, hitting $55.71. 8,897,898 shares of the company’s stock traded hands. 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. (NYSE:CRM) last released its earnings data on Thursday, August 21st. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.01. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $0.09 earnings per share. salesforce.com, inc.’s revenue was up 37.9% compared to the same quarter last year. Analysts expect that salesforce.com, inc. will post $0.51 EPS for the current fiscal year.
A number of research firms have recently commented on CRM. 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 analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $67.24.
In other salesforce.com, inc. news, CEO Marc Benioff sold 60,000 shares of salesforce.com, inc. stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $54.78, for a total value of $3,286,800.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
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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