Salesforce.com beats estimates and raises forecast, says it's outgrowing all competitors

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Salesforce.com beats estimates and raises forecast, says it's outgrowing all competitors

Oakmont Partners LLC purchased a new stake in shares of salesforce.com, inc. during the first quarter worth about $1,023,000.

The number of shares traded in the last trading session was 5.61 Million. The average numbers of shares are traded in a security per day, during the recent 3-month period. 1607 Capital Partners Llc owns 1.38 million shares or 0.81% of their USA portfolio. (NYSE:CRM) shares have seen a move of 31.10%.

Salesforce.com also tripled free cash flow over the last three years while doubling revenue.

Additionally on 4/27/17 Credit Suisse "Initiates Coverage On" Salesforce.Com Inc (NYSE:CRM) to Outperform setting price target at $110 and on 2/16/17 Needham "Initiates Coverage On" the stock to Hold at $0. The legal version of this report can be read at https://www.thecerbatgem.com/2017/05/18/insider-selling-salesforce-com-inc-crm-director-sells-22265-00-in-stock.html. Institutional investors and hedge funds own 83.13% of the company's stock. BMO Capital Markets maintained salesforce.com, inc. (NYSE:CRM) has risen 6.00% since April 17, 2017 and is uptrending. Clearbridge Lc stated it has 0% of its portfolio in salesforce.com, inc. Winslow Evans Crocker Inc reported 0% of its portfolio in salesforce.com, inc.

Excluding the impact of items such as amortization and stock-based compensation, adjusted earnings rose to 28 cents a share from 24 cents a year earlier. The firm has a market cap of $62.08 billion, a PE ratio of 337.50 and a beta of 1.42. salesforce.com, inc. also was the recipient of unusually large options trading on Tuesday. Comerica Bank accumulated 241,890 shares or 0.14% of the stock. (HIMX) has the trading volume of 6.48 Million shares with the average trading volume of 7860 shares.

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Salesforce.com, Inc. (NYSE:CRM) late Thursday posted market-beating first quarter earnings results and slightly bumped its full-year earnings outlook, amid strong growth in all of its product segments.

Looking ahead, CRM forecast Q2 EPS of $0.31 to $0.32, in line with Wall Street's $0.31 estimate, and revenues of $2.51 to $2.52 billion, above analysts' $2.48 billion view. During the same period past year, the company posted $0.19 earnings per share. On average, equities analysts anticipate that salesforce.com, inc. will post $1.29 EPS for the current year. About 850,015 shares traded. salesforce.com, inc. Cowen and Company reissued an "outperform" rating and set a $95.00 target price on shares of salesforce.com, inc.in a research report on Thursday, February 16th. Wedbush reiterated an "outperform" rating and issued a $102.00 price target on shares of salesforce.com, inc.in a research note on Monday. The current consensus recommendation provided by covering analysts is 2.30. The stock presently has an average rating of "Buy" and a consensus target price of $94.72. Following the transaction, the chairman now directly owns 34,195,300 shares in the company, valued at approximately $2,966,100,322. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Latest closing price was 4.02% above its 50-day moving average and 13.02% above its 200-day moving average.

The stock being overvalued and undervalued sometimes depends upon the market situation as well. The disclosure for this sale can be found here. Baillie Gifford & Co. now owns 6,989,546 shares of the CRM provider's stock valued at $576,567,000 after buying an additional 70,214 shares in the last quarter.

Salesforce.com's software helps businesses organize and handle sales operations and customer relationships.

Salesforce CEO Marc Benioff delivered one of his usual performances in response to financial analyst questions following the release of the results, including a stream-of-consciousness speech on why artificial intelligence is going to be the next big platform upon which businesses are built (with several plugs for its Einstein technology) and a snappy quote about competitors Oracle and SAP, which are under pressure from cloud companies.

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