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Technical & Analyst Ratings Updates on salesforce.com, inc. (NYSE:CRM)

April 08
09:15 2015

salesforce.com, inc. (NYSE:CRM) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $68.2, up by 0.38%, with a volume of 3,817,132 shares against an average volume for the last 30 days of 5,254,059.

salesforce.com, inc. (CRM) reported last quarter earnings figures on February 25th. The company announced actual earnings per share of $0.14 against the consensus Street estimate of $0.14. This represents a year-on-year increase of earning per share of $0.07 from corresponding quarter of last year. salesforce.com, inc. posted revenue of $1.44 billion.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

The company is currently valued at $44.37 billion and closed the last trading session at $68.2. The stock has 50-day moving average of $63.76 and a 200-day moving average of $59.17.

salesforce.com, inc. (NYSE:CRM) is currently trading 3.94% below its 52-week-high, 41.55% above its 52-week-low and in the range of $61.55-$71 over the past month. The 1-year range for the stock is $48.18-$71. salesforce.com, inc. (CRM) has a price to book ratio of 11.16 versus S&P 500 average of 2.86. The company’s share price has outperformed the S&P 500 year to date by over 14.02%.

salesforce.com, inc. (CRM) current short interest stands at 25,931,571 shares. It has decreased by -3% from the same period of last month. Around 4.3% of the company’s shares, which are float, are short sold. With a 30-days average daily volume of 5,254,059 shares, the number of days required to cover the short positions stand at 5.3 days.

Stock Analyst Perspectives: Click here for a free Trend Analysis Report

There are currently fifty analysts that we track that cover CRM. Of those fifty, forty have a buy rating, five have a hold rating, and five have a sell rating. On a consensus basis this yields to a Buy. The overall consensus target price stands at $75.25 which represents an upside of 10.34% from the last closing price of $68.2.

Recently, several research firms updated their ratings on the stock. Indeed, in the last five days, an average price target of $80 has been given to the stock, which represents an upside of 17.3% from the last closing price.

Indeed, Sanford C. Bernstein & Co maintained their underperform stance on April 08th, with a target price of $44, which represents a downside difference of -35.48% from the last closing price. Another research firm, Oppenheimer & Co, reiterated their outperform stance on April 07th, with a target price of $80, which translates into an upside of 17.3%. Finally, Stifel reiterated their buy stance on March 27th, with a target price of $79.

Company Profile

salesforce.com, inc. provides software on demand. The Company supplies a customer relationship management service to businesses worldwide providing a technology platform for customers and developers to build and run business applications. Clients use salesforce.com to manage their customer, sales and operational data.

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Drew Kornelly

Drew Kornelly

Drew Kornelly is the lead analyst for the Energy & Solar sectors. Prior to joining Markets Wired as an analyst in November 2013, he was Energy Specialist at JP Morgan Securities, managing energy risk and proprietary positions.

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