Salesforce.com Inc (CRM) Rises 2.57% for February 01

Equities Staff  |

Among the biggest risers on the S&P 500 on Friday February 01 was Salesforce.com Inc ($CRM), popping some 2.57% to a price of $155.87 a share with some 5.92 million shares trading hands.

Starting the day trading at $152.40, Salesforce.com Inc reached an intraday high of $155.95 and hit intraday lows of $151.07. Shares gained $3.9 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 6.92 million of its 765 million share total float. Today’s action puts the stock’s 50-day SMA at $138.81 and 200-day SMA at $139.62 with a 52-week range of $102.37 to $161.19.

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.

Salesforce.com Inc has its corporate headquarters located in San Francisco, CA and employs 29,000 people. Its market cap has now risen to $119.24 billion after today’s trading, its P/E ratio is now 161.7, its P/S 12.01, P/B 8.11, and P/FCF -33.4.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Salesforce.com Inc, check out Stock Valuation Analysis tool for CRM.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

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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