Company Update (NYSE:CRM): Salesforce is in talks for a $600 million acquisition, its biggest deal in more than two years

[Business Insider] – Salesforce is reported to be in talks to acquire SteelBrick, a sales software maker that recently… Read more on this. salesforce.com, inc. (CRM) , currently valued at $52.08B, started trading this morning at $78.97. During the trading session, CRM traded between $78.04 to $79.32 with a one year range of $54.95 to $82.90. Salesforce (CRM) shares are currently priced at 105.19x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.45x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 40 sell-side analysts are looking at $0.19 per share, which would be $0.05 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $0.75 is a $0.23 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.79 Billion. If realized, that would be a 24.31% increase over the year-ago quarter. More recently, Pivotal Research Group upgraded CRM from Hold to Buy (Aug 21, 2015). Previously, Northland Capital Initiated CRM at to Outperform. The average price target for CRM shares by the analysts covering the stock is $89.36, which is 13.16% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Company Update: Salesforce.com Inc (NYSE:CRM) – Salesforce.com (CRM) Stock Gains on Box Partnership Market Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Unveils the Next Wave of Salesforce Analytics Cloud–Delivering Actionable Insights Across the Customer Success Platform Company Update: Salesforce.com Inc (NYSE:CRM) – Salesforce.com Doesn’t Have a Buyer — but Its Stock Is Still a Buy