Stock Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Executive to Participate in Upcoming Investor Event

[PR Newswire] – SAN FRANCISCO, Jan. 11, 2016 /PRNewswire/ — Salesforce (NYSE: CRM), the Customer Success Platform and world’s #1 CRM company, today announced that Steve Loughlin, Chief Executive Officer, SalesforceIQ, … Read more on this. salesforce.com, inc. (CRM) , valued at $48.59B, started trading this morning at $73.74. Looking at the equity, the company’s one day range is $71.86 to $73.83 with a one year range of $54.95 to $82.90. Salesforce (CRM) shares are currently priced at 100.32x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.42x earnings multiple for the same period. According to a consensus of 40 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. What we find to be interesting is that the full-year EPS estimate of $0.73 is a $0.21 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. In terms of ratings, 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 $89.77, which is 21.74% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Stock Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Statement on CISA Market Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Unveils the Next Wave of Salesforce Analytics Cloud–Delivering Actionable Insights Across the Customer Success Platform Stock Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Introduces Salesforce Financial Services Cloud: Transforming the Client-Advisor Relationship