Salesforce.com Rising: FYQ2 Rev, Profit Beat, Outlook Tops Consensus

Hewlett-Packard Company (NYSE:HPQ) recently brought positive earnings surprise of 3.5294% as, on 8/20/15, it reported EPS of $0.88 versus the consensus estimate of $0.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

On Wednesday, August 19th, Marc Benioff sold 12,500 shares of salesforce.com, inc. stock. The disclosure for this sale can be found here.

An arithmetical average of the ratings given by analysts to develop a Consensus Analyst Rating for each company is known as the broker recommendation. Following the sale, the chief executive officer now directly owns 37,662,500 shares of the company’s stock, valued at $2,625,076,250.

Shares of Salesforce.com Inc (NYSE:CRM) ended Tuesday session in red amid volatile trading. The 50-day moving average is $71.81 and the 200 day moving average is recorded at $69.19. During last trade its minimum price was $71.74 and it gained its highest price of $72.94 and has a total of 656.00 million outstanding shares. The 52-week high of Salesforce.com Inc (NYSE:CRM) is $78.46 and the 52-week low is $51.04. Out of these analysts, one contributor sees the stock price hitting $90 within the year while the most bearish target sees the stock at $49. He said the company is investing to grab market share.

The company’s full-year revenue forecast, which will end in January 2016, is raised to approximately $6.60 billion to $6.625 billion, according to the press release.

Shares of Salesforce.com (CRM – Get Report) were gaining 1.08% to $68.55 in early market trading after the cloud computing company beat analysts’ estimates for earnings in the fiscal second quarter, though the stock hasn’t broken out.

Businesses have been opting for cheaper and easier cloud software services.

The company further stated in the second quarter conference call that it is set to expand into the so-called industry verticals – that is, tailor-made products for specific industries. The Organization offers deployment consulting, training, implementation and integration services to its customers to facilitate the adoption of its cloud alternatives.

The Software-as-a-Service CRM provider has made recent efforts to stay ahead of competitors by harnessing its two million-strong developer ecosystem to create custom apps as well as focusing on use cases for new devices like wearables.