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May 28, 2021

Salesforce (CRM, $239.37) beats Q1 expectations

Cloud-based software company Salesforce  exceeded analysts’ expectations on first-quarter earnings.

The company’s adjusted earnings came in at $1.21 a share, well above the 88 cents per share expected by analysts polled by Refinitiv.

Revenue for the quarter climbed +23% year-over-year to $5.96 billion, vs. $5.89 billion as expected by analysts, according to Refinitiv.

Revenue generated by Salesforce’s core Sales Cloud product was up +11% year-over-year.

The Platform and Other segment that includes the MuleSoft and Tableau products, (Salesforce’s top segment for subscription and support revenue) grew +28%.

For the fiscal second-quarter,  Salesforce expects 91 cents to 92 cents in adjusted earnings per share, compared to analysts’ forecast of 86 cents. The company projects revenue to be between o $6.22 billion to $6.23 billion, higher than analysts’ estimate of  $6.15 billion.

For the full 2022 fiscal year, Salesforce projects adjusted earnings in the range of $3.79 to $3.81 per share – higher than analysts’ expectation of $3.43 . While Salesforce predicts revenue $25.9 billion to $26.0 billion (22% growth), analysts polled by Refinitiv expect $25.76 billion in revenue.

Related Ticker: CRM

CRM sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for CRM moved above the 200-day moving average on October 31, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 25, 2024. You may want to consider a long position or call options on CRM as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CRM just turned positive on November 06, 2024. Looking at past instances where CRM's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CRM advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 297 cases where CRM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CRM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CRM broke above its upper Bollinger Band on November 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. CRM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.916) is normal, around the industry mean (30.154). P/E Ratio (71.967) is within average values for comparable stocks, (162.204). Projected Growth (PEG Ratio) (1.620) is also within normal values, averaging (2.738). Dividend Yield (0.001) settles around the average of (0.083) among similar stocks. P/S Ratio (8.532) is also within normal values, averaging (56.282).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), CrowdStrike Holdings (NASDAQ:CRWD).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 11.34B. The market cap for tickers in the group ranges from 291 to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 1%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 4%. DAVE experienced the highest price growth at 97%, while PET experienced the biggest fall at -65%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -43%. For the same stocks of the Industry, the average monthly volume growth was 63% and the average quarterly volume growth was 103%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 75
Price Growth Rating: 54
SMR Rating: 79
Profit Risk Rating: 87
Seasonality Score: 16 (-100 ... +100)
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General Information

a developer of on-demand customer relationship management software technology

Industry PackagedSoftware

Profile
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Industry
Packaged Software
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415 Mission Street
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+1 415 901-7000
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https://www.salesforce.com
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