salesforce.com (NYSE:CRM) issued an update on its fourth quarter 2020
After-Hours earnings guidance on Tuesday morning. The company provided EPS guidance of 0.54-0.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.62. The company issued revenue guidance of $4.743-4.753 billion, compared to the consensus revenue estimate of $4.72 billion.salesforce.com also updated its FY 2020
After-Hours guidance to 2.89-2.90 EPS.
salesforce.com stock opened at $157.16 on Wednesday. salesforce.com has a twelve month low of $120.16 and a twelve month high of $167.56. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $142.85 billion, a P/E ratio of 108.39, a PEG ratio of 7.00 and a beta of 1.24. The stock’s 50 day moving average is $157.11 and its 200 day moving average is $153.41.
salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.09. salesforce.com had a return on equity of 7.26% and a net margin of 6.45%. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 33.0% compared to the same quarter last year. As a group, equities analysts expect that salesforce.com will post 1.24 EPS for the current year.
In other news, CEO Marc Benioff sold 5,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $153.25, for a total transaction of $766,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Parker Harris sold 620 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $163.22, for a total value of $101,196.40. Following the completion of the sale, the insider now owns 32,034 shares of the company’s stock, valued at $5,228,589.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 295,065 shares of company stock valued at $46,033,032. 5.50% of the stock is owned by corporate insiders.
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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