SALESFORCE INC (NYSE: CRM) has reported E.P.S. of $1.49 for its fourth fiscal quarter (ending January 31) versus $-0.10 for the same period a year ago. This performance was $-0.77 short of the consensus estimate of $2.27. For the latest four quarters through January 31, E.P.S. were $4.25 compared to $0.21 a year ago — an increase of 1924%.
Recent Price Action
SALESFORCE INC (NYSE: CRM) stock closed at $299.77 on 2/28/24 after a slight gain of 0.09%. Moreover, exceptionally high trading volume at 230% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CRM is expected to continue to be an important Value Builder.
SALESFORCE INC has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. SALESFORCE INC has a slightly negative Appreciation Score of 35 but a very high Power Rating of 90, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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