Company Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Chairman and CEO Marc Benioff to Speak at White House Event

[PR Newswire] – SAN FRANCISCO, Jan. 29, 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 speak at … Read more on this. salesforce.com, inc. (CRM) , with a current market cap of $44.56B, started trading this morning at $66.49. Looking at today’s trading action, the company’s one day range from $66.12 to $67.41 with a trailing 52-week range being $55.45 to $82.90. CRM shares are currently priced at 89.99x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 12.49x 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. Furthermore, our analysis shows the full-year EPS estimate to be $0.73, which would be a $0.21 improvement when compared to the last 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. When considering if the stock is under or overvalued, the average price target is $90.16, which is 35.60% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Stock Update (NYSE:CRM): Salesforce Chairman and CEO Marc Benioff to Participate in the World Economic Forum Annual Meeting 2016 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