Salesforce posts better-than-expected quarterly revenue (CRM)

May 20, 2017, 00:25

Panagora Asset Mngmt Inc invested in 107,838 shares or 0.03% of the stock. A beta of 1 may show that the stock price moves with the market.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock.

For the quarter, Salesforce posted adjusted earnings of 28 cents per share on revenue of $2.4 billion, exceeding Wall Street's estimated 26 cents per share and $2.35 billion. Zacks Investment Research upgraded shares of, inc. from a "hold" rating to a "buy" rating and set a $90.00 price target for the company in a research report on Monday, February 6th., inc. (CRM) now trades with a market capitalization of $61.28 Billion. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation.

Number of analysts are eying on this stock and after detailed observation, they have given the stock mean target price of $96.71 while their mean recommendation is 1.80 (1=Buy, 5=sell). Volatility of the stock was 1.47% for the week while for the month booked as 1.11%. The stock has a 50-day moving average of $85.48 and a 200-day moving average of $78.94., inc. has a 1-year low of $66.43 and a 1-year high of $91.00., inc. also was the recipient of some unusual options trading activity on Tuesday. Traders bought 20,233 call options on the company. This is an increase of 165% compared to the typical daily volume of 7,630 call options. Revenue for the quarter also killed consensus, coming in at $2.29B, compared to the consensus of 2.28B.

Race for the Golden Boot
Chelsea has taken the trophy off Leicester, which astonishingly won the title last season but collapsed this year and is now 11th. His first goal moved him past Cha Bum-Kun to become the highest-scoring South Korean player in a European season.

Microsoft's new tools help devs manage cloud deployments on the go
And Visual Studio Team Services integration allows for continuous integration and deployment of these containerized applications. New services include Bing Custom Search, Custom Vision Service, Custom Decision Service and Video Indexer.

European Commission raises Polish GDP growth forecast
The updated growth estimates are included in the Commission's formal Spring Economic Forecast. That is compared with predictions made in the winter of 1.6% growth in 2017 and 1.8% in 2018.

Geographically, Salesforce continued to perform well in the Americas region, which contributed 74% of total revenues and grew 24% year-on-year to $1.75 billion for the quarter. Over the last week of the month, it was 0.05%, 8.57% over the last quarter, and 18.55% for the past six months. On average, equities analysts forecast that, inc. will post $1.29 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: ", inc. (CRM) Earns "Hold" Rating from Oppenheimer Holdings Inc." was originally published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & global copyright legislation. The original version of this piece can be viewed at Following the completion of the transaction, the executive vice president now directly owns 290,385 shares in the company, valued at approximately $23,733,166.05. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. According to which, Stephen Delinsky, the director of Century Bancorp Inc also an insider of the Pinksheet-listed company had purchased exactly 2 shares - ( at $62.7 per every share ). In the last quarter, insiders have sold 997,585 shares of company stock worth $83,409,993.

Since November 14, 2016, it had 6 insider buys, and 179 sales for $147.09 million activity. Janus Capital Management LLC raised its position in shares of, 21.6% in the first quarter. For CRM, the company now has $1.58 Billion of cash on the books, which is offset by $19.59 Million current liabilities.

"CRM's big 1Q beat and guidance raise was comforting, given investor nervousness about a weak 1Q guide.CRM is one of our top 2017 picks, and we would accumulate based on reliable execution and sustainable growth". Total cash, cash equivalents and marketable securities finished the quarter at $3.22 billion. JNBA Financial Advisors now owns 1,828 shares of the CRM provider's stock worth $125,000 after buying an additional 155 shares during the last quarter. Hbk Sorce Advisory Ltd Liability reported 0.04% of its portfolio in, inc. Robbins Cynthia G. sold $164,660 worth of stock or 2,000 shares. Finally, Crestwood Advisors Group LLC acquired a new position in shares of, inc. during the first quarter worth about $184,000. The firm has "Buy" rating given on Thursday, November 19 by Wunderlich.

  • Fernando Alonso's Indy 500 vehicle will go to his museum

    At the moment, I don't have aby obligations towards McLaren , I'm happy with the team, but we're not winning. The drip turned into a gushing pour of yellowish liquid when a crane lifted the McLaren away from the track.

    Bradley Scores Playoff High 29, Celtics Beat Wizards, Take 3-2 Lead

    If the key to this series is simply "home cooking", the Wizards better bring their own chefs if they return to Boston . After getting blown out in Game 5, Washington is back to being a 5.5-point favorite in Game 6, via OddsShark .
    Hertz skids after reporting wider loss than anticipated

    Hertz skids after reporting wider loss than anticipated

    COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. TRADEMARK VIOLATION WARNING: This piece of content was first published by Markets Daily and is owned by of Markets Daily.
  • ESPN Shuffled Its Morning TV Lineup And The Changes Are Huge

    ESPN Shuffled Its Morning TV Lineup And The Changes Are Huge

    According to ESPN, Greenburg's new show - to debut January 1, 2018 - "will feature a lively mix of news, opinion and analysis". The network also announced that it reached multi-year contract deals with hosts John Buccigross, Kenny Mayne and Hannah Storm.

    Banks Asked To Update ATM Software To Prevent 'WannaCry' Cyberattack

    Op Gen Oorth said Monday it was still "a bit early too say who is behind it, but we are working on a decrypting tool". The city of Osaka said its home page went blank, although problems had not been detected otherwise.

    Trump again suggests ending White House briefings, won't commit to Spicer

    So it is through imagination that one must picture the late-night presser and the sheer weirdness of the entire event unfolding. I want to say this is a new low for Spicer, but...he's just had so many blunders that I don't know if that's even true.
  • North Korea on

    North Korea on "Maximum Alert"

    Despite these warnings from the U.S., North Korean officials have not shown any signs of stepping back from their nuclear tests. Officials and experts, however, claimed that no nation has mastered the necessary technology to follow through with the threat.
    A Surprise Meeting With Henry Kissinger In The Oval Office

    A Surprise Meeting With Henry Kissinger In The Oval Office

    In Washington, Tillerson made no comment on the Comey firing or on the substantive issues he would discuss with Lavrov. The diplomats met Wednesday in Washington - and there's a new Russian-led agreement to create safe zones in Syria.
    Miley Cyrus's Love Song for Liam Hemsworth Will Give You Relationship FOMO

    Miley Cyrus's Love Song for Liam Hemsworth Will Give You Relationship FOMO

    Miley quips, as she watches her preteen self sing the lyric "tryin' out our brand new bikinis". It has been quite some time since we have heard a hit from Miley Cyrus , but the wait is over.
  • GOP senator: North Korea missile test 'one of most advanced yet'

    United States officials said the missile hit the water around 60 miles (around 100 kilometers) from eastern Russia's Vladivostok. The Korean Central News Agency has called North Korea's new missile a "ground to ground medium to long-range ballistic missile".
    Amazon's New Seattle Headquarters Will Include a Homeless Shelter

    Amazon's New Seattle Headquarters Will Include a Homeless Shelter

    Today, Amazon doubled down at a fundraising luncheon for Mary's Place, matching donations up to one million dollars. Homelessness is a huge problem in Seattle , where tent cities have sprung up under the interstates.
    Trump's gyrations on NAFTA cause a flurry of head-scratching

    Trump's gyrations on NAFTA cause a flurry of head-scratching

    But Mr Trump repeatedly criticised the deal during the presidential campaign, promising to revoke it if he secured office. Trump may have tried to start a NAFTA renegotiation from a position of strength, added the senator.