salesforce.com (CRM) was Initiated by BMO Capital Markets to “Outperform” and the brokerage firm has set the Price Target at $98. BMO Capital Markets advised their investors in a research report released on Jun 15, 2016.
Many Wall Street Analysts have commented on salesforce.com. BMO Capital Markets Initiated salesforce.com on Jun 15, 2016 to “Outperform”, Price Target of the shares are set at $98.Company shares were Reiterated by Mizuho on May 19, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $90 .Company shares were Reiterated by Wunderlich on May 19, 2016 to “Buy”, Firm has raised the Price Target to $ 101 from a previous price target of $93 .
On the company’s financial health, salesforce.com reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.23. The company had revenue of $1.92 million for the quarter, compared to analysts expectations of $1892.96 million. The company’s revenue was down -99.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.
salesforce.com closed down -0.4 points or -0.49% at $81.09 with 35,40,267 shares getting traded on Tuesday. Post opening the session at $81.12, the shares hit an intraday low of $80.77 and an intraday high of $81.72 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Jun 14, 2016, Keith Block (Pres., Vice Chairman and COO) sold 10,000 shares at $81.48 per share price. According to the SEC, on Jun 14, 2016, Parker Harris (Co-Founder) sold 5,000 shares at $81.13 per share price. On Jun 10, 2016, Marc Benioff (Chairman of the Board & CEO) sold 25,000 shares at $82.46 per share price, according to the Form-4 filing with the securities and exchange commission.
salesforce.com inc. is a provider of enterprise cloud computing solutions that include apps and platform services as well as professional services. The Company focuses on customer relationship management (CRM). 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. The Company offers consulting deployment training implementation and integration services to its customers to facilitate the adoption of its cloud solutions. The Company delivers its solutions as a service through all the Internet browsers and on mobile devices on a subscription basis primarily through its direct sales efforts and indirectly through partners.