Market Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Grants Equity Awards Under Its Inducement Equity Incentive Plan

[PR Newswire] – SAN FRANCISCO, March 25, 2016 /PRNewswire/ — Salesforce (NYSE: CRM), the Customer Success Platform and world’s #1 CRM company, today announced it has granted equity awards under its 2014 Inducement Equity … Read more on this. salesforce.com, inc. (CRM) , valued at $48.60B, started trading this morning at $71.54. During today’s session, CRM traded between $71.06 to $72.45 with its 52-week range being $52.60 to $82.90. Salesforce (CRM) shares are currently priced at 71.72x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.40x earnings multiple for the same period. Consensus earnings for the current quarter by the 39 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. In looking at the bigger picture, the full-year EPS estimate of $1.01 would be a $0.26 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.89 Billion. If reported, that would be a 25.17% increase over the year-ago quarter. More 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 $87.98, which is 22.98% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Market Update (NYSE:CRM): Salesforce Announces Appointment of Neelie Kroes to its Board of Directors Company Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Announces General Availability of Salesforce Health Cloud — Building Patient Relationships, Not Records Stock Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Grants Equity Awards Under Its Inducement Equity Incentive Plan