salesforce.com (NYSE:CRM) updated its fourth quarter 2020
After-Hours earnings guidance on Tuesday. The company provided EPS guidance of 0.54-0.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.62. The company issued revenue guidance of $4.743-4.753 billion, compared to the consensus revenue estimate of $4.72 billion.salesforce.com also updated its FY 2020
After-Hours guidance to 2.89-2.90 EPS.
CRM traded up $0.57 on Tuesday, reaching $161.57. The stock had a trading volume of 5,948,261 shares, compared to its average volume of 4,380,141. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $142.85 billion, a price-to-earnings ratio of 111.43, a price-to-earnings-growth ratio of 7.00 and a beta of 1.24. salesforce.com has a fifty-two week low of $120.16 and a fifty-two week high of $167.56. The firm has a 50-day moving average of $156.87 and a 200-day moving average of $153.38.
CRM has been the subject of several analyst reports. Stephens set a $184.00 target price on salesforce.com and gave the stock a buy rating in a research report on Friday, August 23rd. Cowen upped their price target on salesforce.com from $185.00 to $195.00 and gave the company an outperform rating in a research report on Thursday, November 21st. Northland Securities set a $185.00 price target on salesforce.com and gave the company a buy rating in a research note on Friday, August 23rd. Nomura increased their price target on salesforce.com from $180.00 to $185.00 and gave the company a buy rating in a research note on Friday, August 23rd. Finally, Stifel Nicolaus raised their price objective on salesforce.com from $185.00 to $195.00 and gave the stock a buy rating in a research report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $187.31.
In related news, CAO Joe Allanson sold 167 shares of salesforce.com stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $154.07, for a total transaction of $25,729.69. Following the completion of the transaction, the chief accounting officer now directly owns 30,958 shares of the company’s stock, valued at approximately $4,769,699.06. The sale was disclosed in a filing …read more
Source:: Daily Times