Positive News Coverage Extremely Likely to Impact salesforce.com (NYSE:CRM) Share Price

News headlines about salesforce.com (NYSE:CRM) have been trending positive on Sunday, InfoTrie reports. InfoTrie scores the sentiment of press coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. salesforce.com earned a media sentiment score of 2.60 on their scale. InfoTrie also assigned media coverage about the CRM provider an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected salesforce.com’s analysis:

A number of research analysts have weighed in on the stock. Bank of America reissued a “buy” rating and issued a $200.00 target price on shares of salesforce.com in a research note on Monday, May 20th. Nomura reissued a “buy” rating on shares of salesforce.com in a research note on Tuesday, May 28th. UBS Group set a $190.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Royal Bank of Canada reissued a “buy” rating and issued a $181.00 target price on shares of salesforce.com in a research note on Monday, June 17th. Finally, Exane BNP Paribas began coverage on shares of salesforce.com in a report on Friday, March 29th. They set an “outperform” rating for the company. Four research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $179.97.

salesforce.com stock traded up $1.04 during trading on Friday, hitting $151.73. The company had a trading volume of 6,933,966 shares, compared to its average volume of 9,061,197. salesforce.com has a 1-year low of $113.60 and a 1-year high of $167.56. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The company has a 50 day simple moving average of $154.25. The stock has a market cap of $117.74 billion, a PE ratio of 104.64, a price-to-earnings-growth ratio of 5.62 and a beta of 1.39.

salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.32. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the firm earned $0.74 EPS. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, equities analysts anticipate that salesforce.com will post 1.25 earnings per share for the current year.

In other salesforce.com news, Chairman Marc Benioff sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $159.12, for a total value of $1,591,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Parker Harris sold 620 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $147.30, for a total transaction of $91,326.00. Following the completion of the transaction, the insider now directly owns 29,438 shares of the company’s stock, valued at approximately $4,336,217.40. The disclosure for this sale can be found here. Insiders sold a total of 395,167 shares of company stock valued at $62,110,903 in the last three months. 5.50% of the stock is currently owned by corporate insiders.

About salesforce.com

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.

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