Stock Update (NYSE:CRM): Salesforce Chairman and CEO Marc Benioff to Participate in the World Economic Forum Annual Meeting 2016

[PR Newswire] – SAN FRANCISCO, Jan. 19, 2016 /PRNewswire/ — Salesforce (NYSE: CRM), the Customer Success Platform and world’s #1 CRM company, today announced that Salesforce Chairman and CEO Marc Benioff will participate … Read more on this. salesforce.com, inc. (CRM) , with a current market cap of $47.62B, started trading this morning at $71.86. Looking at the equity, the company’s one day range is $70.77 to $72.19 with the price of the stock fluctuating between $55.45 to $82.90 over the last 52 weeks. CRM shares are currently priced at 94.48x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.46x forward p/e ratio. Consensus earnings for the current quarter by the 41 sell-side analysts covering the stock is an estimate of $0.19 per share, which 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. 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. The average price target for CRM shares by the analysts covering it is $90.00, which is 25.24% above where the stock opened. See more in (NYSE:CRM) Similar Articles: Stock Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Executive to Participate in Upcoming Investor Event 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