Inc (NASDAQ:CRM) To Release Earnings

Assessing Salesforce as an Investment in 2017

Oakmont Partners LLC purchased a new stake in shares of, inc. during the first quarter worth about $1,023,000. APG Asset Management N.V. now owns 1,602,681 shares of the CRM provider's stock worth $114,319,000 after buying an additional 33,349 shares during the last quarter. The average numbers of shares are traded in a security per day, during the recent 3-month period. Also, insider Alexandre Dayon sold 1,609 shares of the firm's stock in a transaction on Monday, February 27th. The California-based Covington Cap Management has invested 0.02% in, inc. (NYSE:CRM) or 49,048 shares. It is negative, as 89 investors sold, inc. shares while 255 reduced holdings. Investors acquired 20,233 call options on the company. Vanguard Group Inc. raised its stake in shares of, 4.7% in the first quarter. (NYSE:CRM). Public Employees Retirement Association Of Colorado invested in 0.36% or 661,966 shares.

Gartner, Inc., named Salesforce as the leader in the Magic Quadrant for CRM Customer Engagement. Many top-tier tech operators including Facebook Inc (NASDAQ:FB) and Alphabet Inc (NASDAQ:GOOGL) have been in full rally mode. (NYSE:CRM) on Monday, April 3.

The stock subtracted in the prior trading session by -2.13%, closing at the stock price of $87.84.

The number of shares now held by investors is 711.34 Million.

Previously Salesforce.Com Inc (NYSE:CRM) reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03.

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.

Looking forward, the company is expected to report earnings of $0.31 per share for the current quarter. The firm's quarterly revenue was up 24.6% on a year-over-year basis. On average, equities analysts anticipate that, inc. will post $1.29 EPS for the current year.

Shares of the company were up almost 2 percent in extended trading. TH Capital maintained the stock with "Buy" rating in Thursday, November 19 report. But given the flat reaction in CRM stock following Thursday evening's first-quarter earnings report, it looks like the good news has all been baked in. Morgan Stanley reaffirmed an "overweight" rating and issued a $107.00 price objective on shares of, a report on Wednesday, March 8th. Finally, Wedbush reaffirmed an "outperform" rating and set a $102.00 price objective on shares of, a research note on Monday. Out of 45 Wall Street analysts rating, 39 give it "Buy", 1 "Sell" rating, while 5 recommend "Hold". Another trade for 10,000 shares valued at $830,155 was sold by BLOCK KEITH. The stock was sold at an average price of $80.87, for a total value of $808,700.00. Voya Invest Mgmt Limited Liability Company holds 0.36% or 2.18 million shares. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. As per Wednesday, August 19, the company rating was maintained by Oppenheimer. Shares are trading 4.02% above their 50-day moving average, and 13.02% below their 200-day moving average. Jennison Associates LLC now owns 20,758,784 shares of the CRM provider's stock valued at $1,480,724,000 after buying an additional 649,445 shares in the last quarter. The disclosure for this sale can be found here. Over the last three months, insiders sold 997,391 shares of company stock worth $83,326,041.

Salesforce CEO Marc Benioff delivered one of his usual performances in response to financial analyst questions following the release of the results, including a stream-of-consciousness speech on why artificial intelligence is going to be the next big platform upon which businesses are built (with several plugs for its Einstein technology) and a snappy quote about competitors Oracle and SAP, which are under pressure from cloud companies.

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