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Aug 28, 2021

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.

Related Ticker: CRM

Momentum Indicator for CRM turns positive, indicating new upward trend

CRM saw its Momentum Indicator move above the 0 level on February 22, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 92 similar instances where the indicator turned positive. In of the 92 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for CRM just turned positive on February 27, 2024. Looking at past instances where CRM's MACD turned positive, the stock continued to rise in of 46 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 337 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 280 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 10-day RSI Indicator for CRM moved out of overbought territory on February 09, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

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 February 26, 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.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (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 (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 (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 (4.995) is normal, around the industry mean (25.822). P/E Ratio (113.981) is within average values for comparable stocks, (143.171). Projected Growth (PEG Ratio) (1.565) is also within normal values, averaging (2.877). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (8.696) is also within normal values, averaging (75.185).

The Tickeron SMR rating for this company is (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.

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), Palo Alto Networks (NASDAQ:PANW), Shopify (NYSE:SHOP), Workday (NASDAQ:WDAY).

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 10.22B. The market cap for tickers in the group ranges from 291 to 3.03T. MSFT holds the highest valuation in this group at 3.03T. 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 2%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was -1%. AKLI experienced the highest price growth at 92%, while IFBD experienced the biggest fall at -94%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -40%. For the same stocks of the Industry, the average monthly volume growth was -25% and the average quarterly volume growth was -14%

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: 74
Price Growth Rating: 50
SMR Rating: 83
Profit Risk Rating: 88
Seasonality Score: -37 (-100 ... +100)
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CRMDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a developer of on-demand customer relationship management software technology

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
415 Mission Street
Phone
+1 415 901-7000
Employees
79390
Web
https://www.salesforce.com
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CRM and

Correlation & Price change

A.I.dvisor indicates that over the last year, CRM has been loosely correlated with CLSK. These tickers have moved in lockstep 55% of the time. This A.I.-generated data suggests there is some statistical probability that if CRM jumps, then CLSK could also see price increases.

1D
1W
1M
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NAME
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To CRM
1D Price
Change %
CRM100%
-0.30%
CLSK - CRM
55%
Loosely correlated
+2.70%
HUBS - CRM
55%
Loosely correlated
+1.43%
NOW - CRM
54%
Loosely correlated
-1.61%
COIN - CRM
54%
Loosely correlated
+2.72%
RIOT - CRM
52%
Loosely correlated
-3.28%
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