Salesforce.com’s quarterly revenue rises 25 percent

For the stock, price target value has been calculated at $96.72 based on calls of 43 experts.

Excluding items, the company earned 24 cents per share. Finally, Teachers Advisors Inc. raised its position in Salesforce.com by 4.4% in the first quarter.

Other Hedge Funds, Including, Delphi Private Advisors reduced its stake in CRM by selling 1 shares or 0.22% in the most recent quarter. During the last trade, stock’s minimum price has been reached out at $78.94 while the maximum trading price moved at $80.10.

The software leader has been working on artificial intelligence for quite some time and has acquired several companies such as Tempo AI, MetaMind, Implisit, PredictionIO and etc., to provide a smart consumer relationship management platform.

Many Wall Street Analysts have commented on salesforce.com. QS Investors LLC increased its position in Salesforce.com by 168.0% in the fourth quarter. In short, Salesforce’s second quarter was fine, but its look ahead was miserable.

Robbins Cynthia G. (EVP, Global Employee Success) of CRM [NYSE] sold 755 shares worth of $60344 at the average price of $79.93 on29 Aug 2016. The shares were sold at an average price of $83.07, for a total value of $415,350.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The disclosure for this sale can be found here. Morgan Stanley dropped their price objective on Salesforce.com from $110.00 to $94.00 and set an “overweight” rating on the stock in a research note on Monday, July 25th.

DA Davidson reiterated their neutral rating on shares of Salesforce.com Inc.

Mizuho has a Buy rating and increased its price target to $100 from $85.

Davis maintained a buy rating and price target of 95.

Salesforce has done a great deal of moving and shaking to get CRM shares moving and shaking, but to little effect. Despite lowering the company’s estimates, RBC Capital remain upbeat on the future performance of Salesforce.com as the research firm reaffirmed its bullish stance on the stock. The stock’s 50-day moving average price is $80.36 and its 200-day moving average price is $76.97.

“Salesforce has an increasing appetite to broaden its product portfolio and expand into new markets, as evident by a $3 billion-plus acquisition binge so far this year”, Bracelin wrote.

Inc. announced better-than-expected profit and revenue Wednesday, but shares still suffered in late trading as projections for the current quarter came in a bit light. The company’s revenue grew by almost 25% year-on-year (y-o-y) to $2 billion for the quarter and beat analysts’ estimates by $20 million. The company had revenue of $1.92 million for the quarter, compared to analysts expectations of $1892.96 million. The firm’s quarterly revenue was up 25.0% compared to the same quarter a year ago. Salesforce.com expects revenues of $2.11 billion to $2.212 billion for the current quarter, and earnings in a range of 21 to 22 cents. The Company offers six core cloud services that include sales force automation customer service and support marketing automation community management analytics and a cloud platform for building custom applications.