New Lifetime High Today: Salesforce.com (CRM)

Trade-Ideas LLC identified Salesforce.com (CRM) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Salesforce.com

(

CRM

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Salesforce.com as such a stock due to the following factors:

  • CRM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $289.4 million.
  • CRM has traded 458,526 shares today.
  • CRM is trading at a new lifetime high.

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More details on CRM:

salesforce.com, inc. provides enterprise cloud computing solutions, with a focus on customer relationship management to various businesses and industries worldwide. Currently there are 27 analysts that rate Salesforce.com a buy, 1 analyst rates it a sell, and 3 rate it a hold.

The average volume for Salesforce.com has been 3.8 million shares per day over the past 30 days. Salesforce.com has a market cap of $50.3 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.17 and a short float of 2.2% with 3.19 days to cover. Shares are up 30.2% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Salesforce.com as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 17.3%. Since the same quarter one year prior, revenues rose by 24.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Software industry. The net income increased by 98.6% when compared to the same quarter one year prior, rising from -$61.09 million to -$0.85 million.
  • Net operating cash flow has increased to $304.41 million or 23.79% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -10.48%.
  • SALESFORCE.COM INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, SALESFORCE.COM INC reported poor results of -$0.42 versus -$0.40 in the prior year. This year, the market expects an improvement in earnings ($0.72 versus -$0.42).

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