Salesforce.com (CRM) Earns Coverage Optimism Score of 0.14

Media coverage about Salesforce.com (NYSE:CRM) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Salesforce.com earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the CRM provider an impact score of 45.4375695687977 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news articles that may have effected Accern’s analysis:

Salesforce.com (NYSE:CRM) traded down 0.13% during mid-day trading on Friday, hitting $90.76. 3,046,785 shares of the stock were exchanged. The firm has a 50-day moving average price of $89.63 and a 200-day moving average price of $86.11. Salesforce.com has a 12-month low of $66.43 and a 12-month high of $92.49. The stock has a market capitalization of $64.64 billion, a P/E ratio of 480.21 and a beta of 1.29.

Salesforce.com (NYSE:CRM) last released its earnings results on Thursday, May 18th. The CRM provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. Salesforce.com had a return on equity of 1.80% and a net margin of 1.49%. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the business posted $0.24 EPS. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. Equities analysts predict that Salesforce.com will post $1.30 earnings per share for the current fiscal year.

A number of research analysts recently commented on CRM shares. Benchmark Co. increased their target price on shares of Salesforce.com from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Zacks Investment Research downgraded shares of Salesforce.com from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Barclays PLC raised their price objective on shares of Salesforce.com from $89.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 26th. Credit Suisse Group began coverage on shares of Salesforce.com in a research report on Thursday, April 27th. They set an “outperform” rating and a $110.00 price objective on the stock. Finally, BTIG Research reissued a “buy” rating and set a $100.00 price objective on shares of Salesforce.com in a research report on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $97.31.

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In other news, Director Susan Wojcicki acquired 1,100 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were purchased at an average cost of $90.89 per share, with a total value of $99,979.00. Following the acquisition, the director now directly owns 30,517 shares in the company, valued at approximately $2,773,690.13. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joe Allanson sold 279 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $90.77, for a total value of $25,324.83. Following the completion of the transaction, the insider now directly owns 28,753 shares in the company, valued at $2,609,909.81. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,333,410 shares of company stock worth $119,961,863. Company insiders own 6.70% of the company’s stock.

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.

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

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