S&P 500   4,335.54 (+0.21%)
DOW   34,049.59 (-0.33%)
QQQ   341.04 (-0.02%)
AAPL   165.45 (+3.91%)
MSFT   299.84 (+0.00%)
FB   294.24 (-0.14%)
GOOGL   2,581.22 (+0.04%)
AMZN   2,774.72 (-0.65%)
TSLA   838.71 (+1.16%)
NVDA   217.43 (-0.92%)
BABA   110.84 (-0.85%)
NIO   20.24 (-4.12%)
AMD   102.81 (+0.20%)
CGC   6.84 (-0.15%)
MU   76.54 (-2.77%)
GE   88.95 (-1.06%)
T   24.32 (+0.83%)
F   19.16 (-1.99%)
DIS   134.41 (-0.75%)
AMC   14.03 (-3.37%)
PFE   53.75 (+0.71%)
ACB   3.77 (-0.53%)
BA   183.92 (-3.07%)
S&P 500   4,335.54 (+0.21%)
DOW   34,049.59 (-0.33%)
QQQ   341.04 (-0.02%)
AAPL   165.45 (+3.91%)
MSFT   299.84 (+0.00%)
FB   294.24 (-0.14%)
GOOGL   2,581.22 (+0.04%)
AMZN   2,774.72 (-0.65%)
TSLA   838.71 (+1.16%)
NVDA   217.43 (-0.92%)
BABA   110.84 (-0.85%)
NIO   20.24 (-4.12%)
AMD   102.81 (+0.20%)
CGC   6.84 (-0.15%)
MU   76.54 (-2.77%)
GE   88.95 (-1.06%)
T   24.32 (+0.83%)
F   19.16 (-1.99%)
DIS   134.41 (-0.75%)
AMC   14.03 (-3.37%)
PFE   53.75 (+0.71%)
ACB   3.77 (-0.53%)
BA   183.92 (-3.07%)
S&P 500   4,335.54 (+0.21%)
DOW   34,049.59 (-0.33%)
QQQ   341.04 (-0.02%)
AAPL   165.45 (+3.91%)
MSFT   299.84 (+0.00%)
FB   294.24 (-0.14%)
GOOGL   2,581.22 (+0.04%)
AMZN   2,774.72 (-0.65%)
TSLA   838.71 (+1.16%)
NVDA   217.43 (-0.92%)
BABA   110.84 (-0.85%)
NIO   20.24 (-4.12%)
AMD   102.81 (+0.20%)
CGC   6.84 (-0.15%)
MU   76.54 (-2.77%)
GE   88.95 (-1.06%)
T   24.32 (+0.83%)
F   19.16 (-1.99%)
DIS   134.41 (-0.75%)
AMC   14.03 (-3.37%)
PFE   53.75 (+0.71%)
ACB   3.77 (-0.53%)
BA   183.92 (-3.07%)
S&P 500   4,335.54 (+0.21%)
DOW   34,049.59 (-0.33%)
QQQ   341.04 (-0.02%)
AAPL   165.45 (+3.91%)
MSFT   299.84 (+0.00%)
FB   294.24 (-0.14%)
GOOGL   2,581.22 (+0.04%)
AMZN   2,774.72 (-0.65%)
TSLA   838.71 (+1.16%)
NVDA   217.43 (-0.92%)
BABA   110.84 (-0.85%)
NIO   20.24 (-4.12%)
AMD   102.81 (+0.20%)
CGC   6.84 (-0.15%)
MU   76.54 (-2.77%)
GE   88.95 (-1.06%)
T   24.32 (+0.83%)
F   19.16 (-1.99%)
DIS   134.41 (-0.75%)
AMC   14.03 (-3.37%)
PFE   53.75 (+0.71%)
ACB   3.77 (-0.53%)
BA   183.92 (-3.07%)

$7.23 Billion in Sales Expected for salesforce.com, inc. (NYSE:CRM) This Quarter

Last updated on Monday, January 3, 2022 | 2022 MarketBeat

Brokerages expect salesforce.com, inc. (NYSE:CRM) to post $7.23 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have made estimates for salesforce.com's earnings, with the lowest sales estimate coming in at $7.22 billion and the highest estimate coming in at $7.23 billion. salesforce.com reported sales of $5.82 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.2%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 24th.

According to Zacks, analysts expect that salesforce.com will report full year sales of $26.40 billion for the current year, with estimates ranging from $26.39 billion to $26.40 billion. For the next year, analysts anticipate that the business will post sales of $31.75 billion, with estimates ranging from $31.70 billion to $31.80 billion. Zacks' sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for salesforce.com.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, November 30th. The CRM provider reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.92 by $0.35. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.80 billion. salesforce.com had a net margin of 6.96% and a return on equity of 5.71%. salesforce.com's revenue was up 26.6% compared to the same quarter last year. During the same period last year, the company posted $1.27 earnings per share.

Several equities analysts have issued reports on CRM shares. TheStreet lowered shares of salesforce.com from a "b-" rating to a "c+" rating in a report on Thursday, December 2nd. Nord/LB set a $275.00 price objective on shares of salesforce.com in a research note on Tuesday, September 14th. Robert W. Baird reiterated a "buy" rating and set a $315.00 price objective on shares of salesforce.com in a research note on Sunday, September 26th. Stifel Nicolaus lifted their price objective on shares of salesforce.com from $315.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 24th. Finally, Oppenheimer lifted their price objective on shares of salesforce.com from $290.00 to $310.00 and gave the stock an "outperform" rating in a research note on Friday, September 24th. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, salesforce.com has a consensus rating of "Buy" and an average price target of $325.49.

In other news, insider Parker Harris sold 4,300 shares of the business's stock in a transaction on Tuesday, October 5th. The shares were sold at an average price of $272.51, for a total transaction of $1,171,793.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Amy E. Weaver sold 510 shares of the business's stock in a transaction on Monday, October 25th. The stock was sold at an average price of $293.19, for a total transaction of $149,526.90. The disclosure for this sale can be found here. Insiders sold 465,699 shares of company stock valued at $132,792,192 in the last quarter. Company insiders own 4.10% of the company's stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Joseph P. Lucia & Associates LLC increased its stake in salesforce.com by 761.5% during the third quarter. Joseph P. Lucia & Associates LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 99 shares during the last quarter. Rosenberg Matthew Hamilton bought a new stake in salesforce.com during the third quarter valued at $34,000. First Personal Financial Services increased its stake in salesforce.com by 83.3% during the third quarter. First Personal Financial Services now owns 132 shares of the CRM provider's stock valued at $36,000 after purchasing an additional 60 shares during the last quarter. MCF Advisors LLC bought a new stake in salesforce.com during the third quarter valued at $39,000. Finally, Costello Asset Management INC increased its stake in salesforce.com by 83.3% during the third quarter. Costello Asset Management INC now owns 154 shares of the CRM provider's stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. 73.41% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CRM opened at $254.13 on Monday. The firm's fifty day simple moving average is $280.20 and its two-hundred day simple moving average is $265.71. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.19. salesforce.com has a 12-month low of $201.51 and a 12-month high of $311.75. The firm has a market capitalization of $250.32 billion, a P/E ratio of 140.40, a P/E/G ratio of 6.25 and a beta of 1.10.

salesforce.com Company Profile

salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform.

Recommended Story: What is the Nikkei 225 index?    

Get a free copy of the Zacks research report on salesforce.com (CRM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for salesforce.com (NYSE:CRM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in salesforce.com right now?

Before you consider salesforce.com, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and salesforce.com wasn't on the list.

While salesforce.com currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.