Salesforce.com (NYSE:CRM) Hugs Investors as Sales Outlook Beats Forecasts – CRM, MSFT, LPSN, SAP

  on May 18,2012 Posted in Finance ,Investment Ideas
 
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The San Francisco-based Salesforce.com, inc (NYSE:CRM) anticipated sales in the fiscal second-quarter topped forecasts as it signs more big deals with corporate clients.

Salesforce.com, the biggest seller of online customer-management software, reported in a statement on Thursday that sales in the three months period finished July would be $724 million to $728 million. That evaluated against a median analyst forecast of $712.9 million polled by Bloomberg. Profit without few items would be in the range of 38 cents to 39 cents per share, while analysts anticipated 38 cents.

JMP Securities analyst in San Francisco Pat Walravens stated that the estimate eased investors’ fears that Salesforce’s sales reps were conveying in less revenue in contrast to the corporation’s hiring rate.

Microsoft Corporation (NASDAQ:MSFT) fell -0.60% to settle at $29.72, LivePerson, Inc. (NASDAQ:LPSN) moved down -1.60% to end at $16.01 while SAP AG (ADR) (NYSE:SAP) plunged -0.78% to finish on Thursday at $59.86.

salesforce.com, inc. (NYSE:CRM) on MAY 17, 2012 it decreased -2.04% to the closing price of $133.80. The overall volume in the last trading session was 5.38 million shares. Its fifty two week range was $94.09 -$164.75. The total market capitalization remained $18.56 billion.

CRM is ahead its 52 week low with +42.20% and lagging behind from its 52 week high price with -18.79%. CRM last month stock price volatility remained 3.84%. In its share capital CRM has 138.72 million outstanding shares among them 126.16 million shares have been floated in market exchange. CRM stock institutional ownership remained 98.50% while insider ownership included 0.65%.

The stock price of CRM is moving down from its 20 days moving average with -10.74% and remote negatively from 50 days moving average with -12.12%. CRM current year earnings per share fell -118.12% while its current quarter performance remained +1.56% Company’s beta coefficient included 1.48. Beta factors measures the amount of market risk associated with market trade.

 



 

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