Published: Wed, August 23, 2017
Business | By Max Garcia

Salesforce.com, Inc. Q2 2018 Earnings: Another Beat And Raise Expected

Salesforce.com, Inc. Q2 2018 Earnings: Another Beat And Raise Expected

It now has negative earnings.

Ratings analysis reveals 67% of Tesla Motors's analysts are positive. Revenues of $2.56 billion were up 25% on a year-over-year basis, and were good enough to beat Wall Street estimates for $2.52 billion. The lowest target is $76.0 while the high is $96.0. The company now has an average rating of "Buy" and an average price target of $97.42. (NYSE:CRM) earned "Overweight" rating by Barclays Capital on Thursday, September 1. The company was maintained on Tuesday, August 25 by Wedbush. As per Thursday, May 19, the company rating was maintained by JMP Securities. The stock of salesforce.com, inc. Amf Pensionsforsakring Ab has 691,855 shares for 0.55% of their portfolio. It also reduced Priceline Group Inc (The) (NASDAQ:PCLN) stake by 8,677 shares and now owns 8,723 shares. Gemmer Asset owns 16,758 shares. Janus Cap Management Limited Liability Corp reported 0.14% of its portfolio in Colony Capital Inc (NYSE:CLNY). Blackrock Inv, New Jersey-based fund reported 1.38M shares.

Since January 1, 0001, it had 1 buying transaction, and 8 sales for $20.11 million activity.

Since February 21, 2017, it had 4 buys, and 154 insider sales for $162.87 million activity. (NYSE:CRM) shares have seen a move of 32.57%.

Salesforce.com, inc.is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). (NYSE:CRM) for 3,775 shares. Shares for $126,172 were sold by Weaver Amy E. Martinez Maria sold $22,439 worth of stock. (NYSE:CRM) was sold by Roos John Victor. Raymond James Fincl Svcs Advsrs has 0.12% invested in salesforce.com, inc. The company has a market capitalization of $65.76 billion, a price-to-earnings ratio of 488.57 and a beta of 1.29. The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. A 41 analysts rate it as either a buy or a strong buy, while2 believe that investors should either steer clear of CRM or, if they already own its stock, sell it. Therefore 87% are positive. $94.08's average target is 1.93% above currents $92.3 stock price.

A number of other equities analysts have also recently commented on CRM. As per Thursday, November 19, the company rating was maintained by Wunderlich. The rating was downgraded by RBC Capital Markets on Monday, October 24 to "Underperform". (NYSE:CRM) rating on Saturday, August 22. The firm has "Outperform" rating by BMO Capital Markets given on Friday, November 18. Needham initiated the shares of CRM in report on Thursday, February 16 with "Hold" rating. Pacific Crest has "Overweight" rating and $80 target. On Wednesday, March 1 Benioff Marc sold $833,825 worth of salesforce.com, inc. The company was maintained on Thursday, May 19 by Goldman Sachs. As per Tuesday, November 15, the company rating was upgraded by OTR Global. The Karp Capital Management Corp holds 10,030 shares with $687,000 value, down from 14,815 last quarter. FBN Securities maintained it with "Outperform" rating and $100 target in Thursday, May 19 report. As per Tuesday, May 23, the company rating was maintained by Jefferies. Wells Fargo & Mn owns 0.14% invested in salesforce.com, inc. About shares traded. Under Armour Inc (NYSE:UA) has declined 48.39% since August 21, 2016 and is downtrending. During the same quarter in the prior year, the business earned $0.24 earnings per share. CRM's profit will be $64.10M for 253.39 P/E if the $0.09 EPS becomes a reality. (NYSE:CRM) were released by: Marketwatch.com and their article: "Salesforce earnings: Looking to e-commerce, AI for growth as Dreamforce approaches" published on August 22, 2017 as well as Valuewalk.com's news article titled: "Salesforce.com, Inc".

Investors sentiment decreased to 0.99 in 2016 Q4. Its down 0.14, from 1.13 in 2016Q3. 588.03 million shares or 3.26% more from 569.46 million shares in 2016Q3 were reported. Citigroup invested 0.03% in salesforce.com, inc.

The stock volatility for week was 1.47% while for month was 1.53%.The stock, as of last close, traded 38.13% to its 52 week low and was changed -0.79% from its 52 week high. 279 were accumulated by Ftb Advsr Incorporated. (NYSE:RAI). Blackrock Invest Mngmt Limited Liability Company reported 0.19% in Reynolds American, Inc. Miles Capital holds 0.15% or 3,551 shares.

Seven Eight Capital Llc increased Marsh & Mclennan Cos Inc (MMC) stake by 81.85% reported in 2016Q4 SEC filing. Parallax Volatility Advisers L P reported 881 shares. That's when Salesforce is expected to announce and unveil some new products, and there will likely especially be scrutiny on its so-called "Einstein" AI products. (NYSE:CRM) on Tuesday, June 6. (NYSE:CRM). Moreover, Rathbone Brothers Pcl has 0.81% invested in salesforce.com, inc.

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