salesforce.com (NYSE:CRM) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.02-2.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.75. The company issued revenue guidance of $12.60-12.65 billion, compared to the consensus revenue estimate of $12.55 billion.salesforce.com also updated its Q1 guidance to $0.43-0.44 EPS.
Several equities analysts have recently issued reports on the company. Cowen lifted their price target on salesforce.com from $118.00 to $130.00 and gave the company an outperform rating in a research report on Thursday, February 22nd. Guggenheim reissued a buy rating and set a $128.00 price objective on shares of salesforce.com in a research note on Thursday, January 11th. Oppenheimer raised their price objective on salesforce.com from $125.00 to $135.00 and gave the stock an outperform rating in a research note on Monday. Deutsche Bank raised their price objective on salesforce.com from $120.00 to $130.00 and gave the stock a buy rating in a research note on Tuesday, February 20th. Finally, JMP Securities reissued an outperform rating and set a $125.00 price objective (up from $115.00) on shares of salesforce.com in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-four have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $115.24.
salesforce.com (NYSE:CRM) traded down $0.22 during midday trading on Wednesday, reaching $116.25. The company’s stock had a trading volume of 9,236,577 shares, compared to its average volume of 4,821,955. salesforce.com has a one year low of $80.50 and a one year high of $118.15. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $84,130.00, a price-to-earnings ratio of 11,625.00, a P/E/G ratio of 6.46 and a beta of 1.32.
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Salesforce.com, Inc is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company 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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