Wall Street is looking for Salesforce.com to report earnings of 22 cents per share and $2.02 billion in revenue. During the fiscal 2016 second quarter, the company earned 19 cents per share and $1.63 billion in revenue.
Salesforce.com projects its 2017 second quarter revenues to be in the range of $2.005 billion to $2.015 billion, with sales largely driven by growth in its customer success division, according to a company statement. The company projects earnings to be between 24 cents per share and 25 cents per share.
Additionally, Salesforce.com plans to release an artificial intelligence product called "Einstein" later this year in a move that is believed to be the reason for the company's recent purchase of half a dozen AI companies over the past two years.
Shares of the San Francisco-based cloud solutions provider were lower in mid-afternoon trading on Monday.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
The team rates Salesforce.com as a Hold with a ratings score of C. COM INC (CRM) a HOLD. The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, the team finds that the company's return on equity has been disappointing.
You can view the full analysis from the report here: