Somewhat Positive Press Coverage Somewhat Unlikely to Affect Salesforce.com (CRM) Share Price

News headlines about Salesforce.com (NYSE:CRM) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Salesforce.com earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the CRM provider an impact score of 46.8150087692781 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media stories that may have impacted Accern’s scoring:

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Shares of Salesforce.com stock traded down $2.94 during trading on Friday, reaching $116.10. The company’s stock had a trading volume of 5,385,492 shares, compared to its average volume of 6,032,760. Salesforce.com has a one year low of $83.00 and a one year high of $128.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $86,300.41, a PE ratio of 258.00, a PEG ratio of 5.24 and a beta of 1.23.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the previous year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. research analysts forecast that Salesforce.com will post 0.94 earnings per share for the current year.

Several analysts have recently commented on CRM shares. Vetr cut Salesforce.com from a “buy” rating to a “hold” rating and set a $107.78 target price for the company. in a research report on Monday, December 11th. Guggenheim reaffirmed a “buy” rating and issued a $128.00 target price on shares of Salesforce.com in a research report on Thursday, January 11th. Barclays reaffirmed an “overweight” rating and issued a $127.00 target price (up previously from $117.00) on shares of Salesforce.com in a research report on Thursday, January 18th. Royal Bank of Canada set a $120.00 target price on Salesforce.com and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Cleveland Research started coverage on Salesforce.com in a research report on Wednesday, January 31st. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and forty-five 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 $124.28.

In related news, insider Parker Harris sold 1,850 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $109.00, for a total transaction of $201,650.00. Following the transaction, the insider now directly owns 16,014 shares in the company, valued at $1,745,526. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Marc Benioff sold 5,000 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $108.60, for a total value of $543,000.00. The disclosure for this sale can be found here. Insiders have sold 339,666 shares of company stock worth $39,328,512 over the last 90 days. Corporate insiders own 6.20% of the company’s stock.

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Salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

Insider Buying and Selling by Quarter for Salesforce.com (NYSE:CRM)

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