Salesforce posts better-than-expected quarterly revenue

Salesforce posts better-than-expected quarterly revenue

4,325,466 shares of the company were exchanged. The sale was disclosed in a legal filing with the SEC, which is available at this link. Finally, UBS Asset Management Americas Inc. raised its position in shares of salesforce.com, inc.by 0.7% in the third quarter. CRM's value Change from Open was at -1.37% with a Gap of -0.77%. Salesforce Com Inc now has $63.07B valuation. The stock was sold at an average price of $89.11, for a total value of $1,782,200.00. On Thursday, December 8 the insider Benioff Marc sold $897,401. "Salesforce has once again been named the CRM market leader, and we continue to grow our share in CRM - the fastest growing enterprise software market". Looking at this figure it suggests that the shares of salesforce.com, inc. First Allied Advisory Inc reported 0.04% of its portfolio in salesforce.com, inc. The shares were sold at an average price of $84.86, for a total transaction of $848,600.00. (NYSE:CRM). Moreover, Sumitomo Mitsui Tru has 0.21% invested in salesforce.com, inc. Salesforce.com shares rose about 2 percent in immediate after-hours trading. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

General Motors Company (NYSE:GM) traded at a yearly high level of $38.55 during the last trading session. About 5,603 shares traded. This represents an increase of 165% compared to the typical volume of 7,630 call options. The CRM provider reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.26 by $0.02.

The salesforce-management cloud software company took in $2.39 billion in revenue during the quarter, up 25 percent from the same period a year ago. Subscription and support revenues were $2.2 billion, an increase of 24% year-over-year. The firm's quarterly revenue was up 26.8% compared to the same quarter a year ago. On average, equities analysts anticipate that salesforce.com, inc. will post $1.29 EPS for the current year.

WARNING: This report was reported by BBNS and is the property of of BBNS. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of USA and worldwide copyright legislation. (NYSE:CRM) traded down 0.10% during mid-day trading on Thursday, hitting $87.75. (NYSE:CRM) earned "Outperform" rating by Macquarie Research on Tuesday, April 26.

After Salesforce.com reported fourth-quarter 2017 results in February, analysts said the company gave conservative guidance for a seasonally tough quarter.

"Management (is) likely being conservative", said a Mizuho Securities report. $146,099 worth of salesforce.com, inc. At the time of writing, the First Call consensus price target for the company is $15.69. (NYSE:CRM) shares. $95,743 worth of stock was sold by Allanson Joe on Friday, November 25.

CRM has been the topic of a number of analyst reports.

CRM announced an agreement with Amazon.com, Inc. (NYSE:CRM). Public Employees Retirement Association Of Colorado invested in 0.36% or 661,966 shares. Kornitzer Capital Management Inc. The original version of this report can be viewed at https://baseballnewssource.com/markets/iowa-state-bank-boosts-stake-in-salesforce-com-inc-crm-updated-updated-updated/613488.html. (NYSE:CRM) on Thursday, May 19 with "Buy" rating. APG Asset Management N.V. boosted its stake in salesforce.com, inc.by 2.1% in the third quarter. (NYSE:CRM) a mean recommendation of 1.80. Nippon Life Insurance Co. boosted its stake in salesforce.com, inc.by 1.8% in the third quarter. Hedge funds and other institutional investors own 83.13% of the company's stock. Finally, Manning & Napier Advisors LLC boosted its stake in salesforce.com, inc.by 256.6% in the third quarter.

On Tuesday, April 25th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock.

Salesforce's Service Cloud business, which provides technology to help businesses run customer-service operations, generated $651.2 million in revenue, a 21% gain. The Company's service offerings are configured and integrated with other platforms and enterprise applications.

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