salesforce.com (CRM) Receives Coverage Optimism Score of 2.17

News headlines about salesforce.com (NYSE:CRM) have been trending positive on Friday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. salesforce.com earned a news impact score of 2.17 on their scale. InfoTrie also gave media coverage about the CRM provider an news buzz score of 4 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news headlines that may have effected salesforce.com’s ranking:

Several equities analysts recently commented on the company. Piper Jaffray Companies dropped their target price on salesforce.com from $190.00 to $160.00 and set an “overweight” rating for the company in a research note on Wednesday. Zacks Investment Research reiterated a “hold” rating on shares of salesforce.com in a research note on Monday, November 12th. TheStreet lowered salesforce.com from a “b-” rating to a “c+” rating in a research note on Friday, October 26th. Nomura initiated coverage on salesforce.com in a research note on Monday, October 29th. They set a “buy” rating and a $181.00 price target for the company. Finally, BMO Capital Markets upped their price target on salesforce.com from $165.00 to $174.00 and gave the stock a “market perform” rating in a research note on Monday, October 15th. Six equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $166.84.

Shares of NYSE CRM opened at $123.59 on Friday. salesforce.com has a 1-year low of $98.68 and a 1-year high of $161.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $91.31 billion, a PE ratio of 274.64, a P/E/G ratio of 3.97 and a beta of 1.38.

salesforce.com (NYSE:CRM) last issued its earnings results on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.24. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the business earned $0.33 earnings per share. The company’s revenue was up 27.3% compared to the same quarter last year. On average, research analysts anticipate that salesforce.com will post 1.22 EPS for the current fiscal year.

In other news, Director Craig Conway sold 200 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $146.49, for a total value of $29,298.00. Following the completion of the sale, the director now owns 9,127 shares of the company’s stock, valued at $1,337,014.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cynthia G. Robbins sold 543 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $151.53, for a total value of $82,280.79. Following the completion of the sale, the insider now directly owns 19,609 shares of the company’s stock, valued at approximately $2,971,351.77. The disclosure for this sale can be found here. Insiders sold 492,559 shares of company stock valued at $73,468,364 in the last ninety days. Company insiders own 6.00% of the company’s stock.

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salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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