salesforce.com (CRM) was Reiterated by Wedbush to “Outperform” while Lowering the Price Target of the company shares to $ 96 from a previous price target of $98 . Wedbush advised their investors in a research report released on Sep 1, 2016.
Many Wall Street Analysts have commented on salesforce.com. Shares were Reiterated by Mizuho on Sep 1, 2016 to “Buy” and Lowered the Price Target to $ 85 from a previous price target of $100 .Shares were Reiterated by BMO Capital Markets on Sep 1, 2016 to “Outperform” and Lowered the Price Target to $ 86 from a previous price target of $98 .Shares were Reiterated by RBC Capital Mkts on Sep 1, 2016 to “Outperform” and Lowered the Price Target to $ 85 from a previous price target of $91 .
On the company’s financial health, salesforce.com reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 31, 2016. Analyst had a consensus of $0.22. The company had revenue of $2037.00 million for the quarter, compared to analysts expectations of $2019.61 million. The company’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.
salesforce.com closed down -0.11 points or -0.14% at $79.92 with 45,82,805 shares getting traded on Monday. Post opening the session at $80.21, the shares hit an intraday low of $79.7206 and an intraday high of $80.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Aug 31, 2016, Marc Benioff (Chairman of the Board and CEO) sold 12,500 shares at $79.35 per share price. According to the SEC, on Aug 29, 2016, Amy E Weaver (EVP, General Counsel) sold 1,038 shares at $79.92 per share price. On Aug 29, 2016, Alexandre Dayon (Pres. & Chief Product Officer) sold 2,234 shares at $79.92 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.