Stock Update (NYSE:CRM): Salesforce Delivers ‘2016 Connected Manufacturing Service Report’

[PR Newswire] – SAN FRANCISCO, March 15, 2016 /PRNewswire/ –Salesforce [NYSE: CRM], the Customer Success Platform and world’s #1 CRM company, today released its “2016 Connected Manufacturing Service Report,” surveying 237 senior executives1 from service, supply chain, operations and other departments within various manufacturing industries. The survey found that executives are facing increased pressure from suppliers and customers to adapt their customer service models. In fact, 90% of executives say that improving field service is a top priority for their organization. Read more on this. salesforce.com, inc. (CRM) , valued at $47.72B, started trading this morning at $71.78. Looking at the stock, its one day range is $71.09 to $72.35 and has traded between $52.60 and $82.90 over the past 12 months. CRM shares are currently priced at 71.50x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.79x earnings multiple. Consensus earnings for the current quarter by the 41 sell-side analysts covering the stock is an estimate of $0.23 per share, which would be $0.07 better than the year-ago quarter and a $0.02 sequential increase. The full-year EPS estimate is $1.01 which would be a $0.26 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.89 Billion. If realized, that would be a 25.17% increase over the year-ago quarter. Recently, Macquarie Initiated CRM at Outperform (Mar 4, 2016). Previously, Credit Agricole upgraded CRM from Outperform to Buy. Investors should keep in mind is that the average price target is $88.30, which is 23.01% 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 (NYSE:CRM): Salesforce Service Cloud Named a Leader by Independent Research Firm Stock Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Delivers 2015 State of Analytics Report, Uncovers Top Trends Driving the Future of Analytics