salesforce.com (NYSE:CRM) released its quarterly earnings data on Wednesday. The CRM provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01, Bloomberg Earnings reports. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. salesforce.com updated its Q1 guidance to $0.43-0.44 EPS and its FY19 guidance to $2.02-2.04 EPS.
salesforce.com (NYSE CRM) opened at $116.25 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The firm has a market cap of $83,970.00, a PE ratio of 11,625.00, a price-to-earnings-growth ratio of 6.46 and a beta of 1.32. salesforce.com has a fifty-two week low of $80.50 and a fifty-two week high of $118.15.
A number of research analysts have weighed in on CRM shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $115.00 price objective on shares of salesforce.com in a report on Wednesday, November 1st. Citigroup lifted their price objective on shares of salesforce.com to $124.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Barclays lifted their price objective on shares of salesforce.com from $101.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. BMO Capital Markets lifted their price objective on shares of salesforce.com from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $114.00 price objective on shares of salesforce.com in a report on Friday, November 3rd. Two equities research 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 has a consensus rating of “Buy” and an average price target of $116.14.
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salesforce.com Company Profile
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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