Stock Update: Salesforce.com Inc (NYSE:CRM) – Salesforce.com (CRM) Stock Pressured by Tableau Software’s Forecast, Jim Cramer’s View

[at TheStreet] – Salesforce.com (CRM) stock is plunging following Tableau Software’s (DATA) fiscal 2016 first quarter guidance. Read more on this. salesforce.com, inc. (CRM) , with a current value of $38.68B, opened this morning at $63.10. Looking at the equity, the company’s one day range is $58.21 to $63.27 with a trailing 52-week range being $57.82 to $82.90. CRM shares are currently priced at 89.60x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.91x 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’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 $89.82, which is 42.35% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: 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 Stock Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Introduces Salesforce Financial Services Cloud: Transforming the Client-Advisor Relationship