Salesforce.com Inc (CRM) Dips 2.52% for April 04

Equities Staff  |

Among the S&P 500’s biggest fallers on Thursday April 04 was Salesforce.com Inc (CRM). The stock experienced a 2.52% decline to $158.52 with 6.27 million shares changing hands.

Salesforce.com Inc started at an opening price of 162.71 and hit a high of $162.80 and a low of $155.83. Ultimately, the stock took a hit and finished the day at $4.1 per share. Salesforce.com Inc trades an average of n/a shares a day out of a total 771 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Salesforce.com Inc hit a high of $166.99 and a low of $113.60 over the last year.

Salesforce.com, Inc. is a software-as-as-service vendor that primarily develops customer relationship management, or CRM, products. The firm has a variety of cloud-based tools targeting horizontal markets such as Sales Cloud, to monitor sales leads, Service Cloud, for customer support, Marketing Cloud, to launch digital marketing campaigns, Commerce Cloud, a multitenant e-commerce tool, Quip, its collaboration tools, and the Salesforce Platform, which allows enterprises to build applications. Beyond this, Salesforce has various initiatives such as Trailhead, Einstein AI, Lightning, Internet of Things, Heroku, Analytics, AppExchange, and MuleSoft. The firm reports in two segments: subscription revenue and service revenue. Salesforce is the largest pure-play SaaS vendor in the world.

With its headquarters located in San Francisco, CA, Salesforce.com Inc employs 29,000 people. After today’s trading, the company’s market cap has fallen to $122.22 billion, a P/S of n/a, a P/B of 7.83, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Salesforce.com Inc and to follow the company’s latest updates, you can visit the company’s profile page here: CRM’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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