Salesforce (CRM, $275.44) boosts 2022 revenue outlook
Salesforce.com raised its 2022 revenue guidance, ahead of its annual investor day conference.
The cloud company now expects revenues for its 2022 fiscal year in the range of $26.25 billion to $26.356 billion, a modest boost to the August forecasts.
For 2023, Salesforce has projected revenue in the range of $31.65 billion to $31.8 billion. It expects a non-GAAP operating margin of around 20%, which is 150 basis point higher than its current 2022 forecast.
Last month, the company reported second quarter non-GAAP earnings of $1.48 per share that surpassed analysts’ expectations. It projected current quarter earnings of around 92 cents per share.
CRM in +3.69% Uptrend, rising for three consecutive days on May 31, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where CRM advanced for three days, in of 336 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for CRM just turned positive on May 10, 2023. Looking at past instances where CRM's MACD turned positive, the stock continued to rise in of 48 cases over 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 June 01, 2023. 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 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where CRM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on June 02, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CRM as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
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 May 30, 2023. 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)
The Tickeron PE Growth Rating for this company is (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 Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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 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 89, placing this stock slightly better than average.
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 (3.614) is normal, around the industry mean (31.500). P/E Ratio (555.556) is within average values for comparable stocks, (167.496). Projected Growth (PEG Ratio) (1.436) is also within normal values, averaging (4.150). Dividend Yield (0.000) settles around the average of (0.039) among similar stocks. P/S Ratio (6.579) is also within normal values, averaging (75.690).
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.
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Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a developer of on-demand customer relationship management software technology
Industry PackagedSoftware
CRM and
Correlation & Price change
A.I.dvisor indicates that over the last year, CRM has been closely correlated with ADBE. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if CRM jumps, then ADBE could also see price increases.
| Ticker / NAME | Correlation To CRM | 1D Price Change % | ||
|---|---|---|---|---|
| CRM | 100% | +0.06% | ||
| ADBE - CRM | 71% Closely correlated | +2.25% | ||
| ESTC - CRM | 71% Closely correlated | +0.88% | ||
| NOW - CRM | 70% Closely correlated | +0.96% | ||
| HUBS - CRM | 69% Closely correlated | +1.23% | ||
| INTU - CRM | 67% Closely correlated | +1.98% | ||
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