salesforce.com, inc. (CRM) Releases FY15 Earnings Guidance
salesforce.com, inc. (NYSE:CRM) updated its FY15 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.50-0.52 for the period, compared to the Thomson Reuters consensus estimate of $0.50, Analyst Ratings Net reports. The company issued revenue guidance of $5.34-5.37 billion, compared to the consensus revenue estimate of $5.34 billion.salesforce.com, inc. also updated its Q3 guidance to $0.12-0.13 EPS.
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 investment 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 company’s stock. salesforce.com, inc. currently 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 8,955,693 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. also was the target of unusually large options trading activity on Thursday. Stock investors bought 36,894 call options on the company. This is an increase of 471% compared to the typical daily volume of 6,464 call options.
salesforce.com, inc. (NYSE:CRM) last announced its earnings results 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 in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 37.9% on a year-over-year basis. Analysts expect that salesforce.com, inc. will post $0.51 EPS for the current fiscal year.
In other salesforce.com, inc. news, CEO Marc Benioff sold 60,000 shares of salesforce.com, inc. stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $54.78, for a total transaction of $3,286,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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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