Salesforce AppExchange, the world’s leading enterprise cloud marketplace, empowers companies to sell, service, market and engage in entirely new ways.
Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360° view of their customers.
The company, which recently purchased Slack, sees third quarter adjusted earnings of $0.91-$0.92 a share.
The average analyst prediction was $6.24 billion. Profit rose to $1.48 a share, topping the average estimate of 92 cents.
Mark Murphy of J.P. Morgan in February had rated Salesforce overweight with a $250 price target.
Salesforce’s diverse cloud offerings are likely to have helped expand its clientele, fueling top-line growth.
Our forecast indicates that Salesforce’s valuation is $282 per share, which is 14% above the current market price of $247.