SALESFORCE INC (NYSE: CRM) has reported E.P.S. of $1.26 for its third fiscal quarter (ending October 31) versus $0.21 for the same period a year ago — an increase of 500%. For the latest four quarters through October 31, E.P.S. were $2.66 versus $0.28 for the same period a year ago — an increase of 850%.
Recent Price Action
SALESFORCE INC (NYSE: CRM) stock enjoyed a large increase of 2.4% on 11/29/23. The stock closed at $230.35. Moreover, exceptionally high trading volume at 277% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 2.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CRM is expected to continue to be an important Value Builder.
SALESFORCE INC has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. SALESFORCE INC has a neutral Appreciation Score of 44 but a good Power Rating of 84, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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