Company Update (NYSE:CRM): Why Salesforce.com Wants SteelBrick

[Market Realist] – With the acquisition of SteelBrick, Salesforce.com’s slow-growing Sales Cloud app will get a boost. By working with a wide range of partners, Salesforce.com can expand the reach of its services. Read more on this. salesforce.com, inc. (CRM) , currently valued at $51.79B, started the session at $77.66. Shares have traded today between $77.38 and $78.17 per share with the price of the stock fluctuating between $54.95 to $82.90 over the last 52 weeks. CRM shares are currently priced at 103.77x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.02x forward p/e ratio. According to a consensus of 41 analysts, the earnings estimate of $0.19 per share would be $0.05 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $0.75 which would be a $0.23 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.79 Billion. If reported, that would be a 24.31% increase over the year-ago quarter. More recently, Wedbush upgraded CRM from Neutral to Outperform (Dec 18, 2015). Previously, Pivotal Research Group upgraded CRM from Hold to Buy. Investors should keep in mind is that the average price target is $90.00, which is 15.89% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Stock Update: Salesforce.com Inc (NYSE:CRM) – Salesforce: Bulls Love Purchase of App Provider SteelBrick 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