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Salesforce (CRM, $266.42) beats fiscal Q2 earnings expectations
Salesforce reported fiscal second-quarter earnings and provided guidance that surpassed analysts’ estimates.
The cloud company’s adjusted earnings for the quarter came in at $1.48 per share, compared to 92 cents per share expected by analysts polled by Refinitiv.
Revenue rose +23% from the year-ago quarter to $6.34 billion, also beating the $6.24 billion expected by analysts, according to Refinitiv.
Revenue from the Platform and Other unit, which includes the MuleSoft integration software and Tableau data-analytics software, rose +24%.
The Service Cloud segment grew +23%.
Salesforce’s core Sales Cloud product revenue was up +15%.
For the fiscal third-quarter, Salesforce is expecting 91 to 92 cents in adjusted earnings per share on $6.78 billion to $6.79 billion in revenue. Analysts polled by Refinitiv had expected 82 cents in adjusted earnings per share and $6.66 billion in revenue.
Looking further ahead, Salesforce raised its full fiscal-year 2022 earnings guidance to $4.36 to $4.38 and $26.2 billion to $26.3 billion in revenue. Analysts polled by Refinitiv predicted $3.82 in adjusted earnings per share and $26.01 billion in revenue.
Salesforce revenue forecast includes $530 million from Slack, which is $30 million more than Salesforce had predicted a quarter earlier.
CRM's Stochastic Oscillator is remaining in oversold zone for 5 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Current price $159.75 crossed the resistance line at $182.52 and is trading between $182.52 resistance and $149.16 support lines. Throughout the month of 04/25/22 - 05/25/22, the price experienced a -9% Downtrend, while the week of 05/18/22 - 05/25/22 shows a +1% Uptrend.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CRM's RSI Oscillator exited the oversold zone, 16 of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 64%.
The Moving Average Convergence Divergence (MACD) for CRM just turned positive on May 23, 2022. Looking at past instances where CRM's MACD turned positive, the stock continued to rise in 32 of 45 cases over the following month. The odds of a continued upward trend are 71%.
Following a +3.03% 3-day Advance, the price is estimated to grow further. Considering data from situations where CRM advanced for three days, in 236 of 340 cases, the price rose further within the following month. The odds of a continued upward trend are 69%.
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 50 of 62 cases within the following month. The odds of a continued downward trend are 50%.
The Aroon Indicator for CRM entered a downward trend on May 25, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 50%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.16.
The Tickeron PE Growth Rating for this company is 5 (best 1 - 100 worst), pointing to outstanding 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.
The Tickeron Profit vs. Risk Rating rating for this company is 52 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is 64 (best 1 - 100 worst), indicating fairly steady price growth. CRM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 75 (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 (2.730) is normal, around the industry mean (15.683). P/E Ratio (107.527) is within average values for comparable stocks, (151.151). Projected Growth (PEG Ratio) (1.706) is also within normal values, averaging (4.494). Dividend Yield (0.000) settles around the average of (0.027) among similar stocks. P/S Ratio (5.869) is also within normal values, averaging (101.531).
The Tickeron SMR rating for this company is 88 (best 1 - 100 worst), indicating weak sales and an unprofitable 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.
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.
The average market capitalization across the Packaged Software Industry is 6.1B. The market cap for tickers in the group ranges from 580 to 1.9T. MSFT holds the highest valuation in this group at 1.9T. The lowest valued company is NANN at 580.
The average weekly price growth across all stocks in the Packaged Software Industry was -2.01%. For the same Industry, the average monthly price growth was -13.26%, and the average quarterly price growth was -22.38%. GTSWF experienced the highest price growth at 395.87%, while BLVDF experienced the biggest fall at -80.08%.
- 5/5/22 4:57 AM: Salesforce (CRM, $185.48) was a top weekly gainer, with a +6.18% jump
- 4/6/22 8:51 AM: Salesforce (CRM, $210.14) was a top loser this week, declining -5.04%
- 3/18/22 7:14 AM: salesforce.com (CRM, $210.41) was a top weekly gainer, with a +5.13% jump
The average weekly volume growth across all stocks in the Packaged Software Industry was 16.61%. For the same stocks of the Industry, the average monthly volume growth was 39.86% and the average quarterly volume growth was 54.3%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the BollingerBands Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 50%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.87.
9 stocks in the group of tickers exhibit a similar positive trend based on the RSI indicator with an average likelihood of 77%.
The average market capitalization across the group is 1.2B. The market cap for tickers in the group ranges from 26.8M to 3.8B. TDC holds the highest valuation in this group at 3.8B. The lowest valued company is BSQR at 26.8M.
The average weekly price growth across all stocks in the group was 1.5%. For the same group, the average monthly price growth was -8.86%, and the average quarterly price growth was -26.12%. AVID experienced the highest price growth at 15.02%, while MGIC experienced the biggest fall at -3.47%.
- 5/19/22 8:24 AM: Inuvo (INUV, $0.47) is a top weekly gainer for penny stocks, rising +43.7%
- 5/11/22 7:46 AM: Inuvo (INUV, $0.35) is a top weekly loser for penny stocks, falling -19.06%
- 5/10/22 5:36 AM: Smith Micro Software (SMSI, $2.61) is a top weekly loser for penny stocks, falling -17.67%
The average weekly volume growth across all stocks in the group was -23.18%. For the same stocks of the group, the average monthly volume growth was 76.91% and the average quarterly volume growth was 3.14%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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