Market Update: Salesforce.com Inc (NYSE:CRM) – Scanning Application Software Equities — Oracle, salesforce.com, Mobileye, and FireEye

[Accesswire] – NEW YORK, NY / ACCESSWIRE / January 22, 2016 / Park Lane Advisor has initiated coverage on the following equities: Oracle Corporation (NYSE: ORCL), salesforce.com inc. (NYSE: CRM), Mobileye N.V. (NYSE: … Read more on this. salesforce.com, inc. (CRM) , with a current value of $46.97B, began trading this morning at $70.45. Looking at the stock, its one day range is $70.30 to $71.34 and has traded between $55.45 and $82.90 over the past year. CRM shares are currently priced at 92.68x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 12.46x earnings multiple. 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 improvement 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. 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 is $90.16, which is 27.98% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Stock Update: Salesforce.com Inc (NYSE:CRM) – Wedbush Upgrades Salesforce.com, Cites Opportunity To ‘Disrupt Software Categories’ 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) – Gartner Positions Salesforce in the Leaders Quadrant in the 2015 Magic Quadrant for Mobile Application Development Platforms