Salesforce.com Continues Its Surge (CRM)

Posted in pre-market 
August 21st, 2009

Salesforce.com Inc. (NYSE: CRM) was up over 8% at $50.02 at the closing of the after-hours session last night, but that was on a post-close volume of 885,000 shares. As of 8:40 AM EST this morning we have seen right at 60,000 shares having traded hands, but shares are even higher at $50.75. Its average volume is 1.95 million shares and CRM’s 52-week trading range is $20.82 to $66.99……. EARNINGS/GUIDANCE SUMMARY: $21.2 million or $0.17 EPS, up from $10 million or $0.08 EPS a year ago.  Revenues were $316.1 million, up from $263.1 million a year ago.  Thomson Reuters figures were $0.15 EPS and $312.54 million in revenues.  It also added 3,900 net new customers to more than 63,000 at the end of the quarter.  As noted, Salesforce.com also raised its guidance.

JON C. OGG
AUGUST 21, 2009

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