Stock Update (NYSE:CRM): Salesforce Delivers 2016 State of Marketing Report

[PR Newswire] – SAN FRANCISCO, March 30, 2016 /PRNewswire/ — Salesforce (NYSE: CRM), the Customer Success Platform and world’s #1 CRM company, today released its “2016 State of Marketing Report.” Based on a … Read more on this. salesforce.com, inc. (CRM) , with a current market cap of $49.12B, finished yesterday at $72.30. During today’s session, CRM traded between $72.96 to $73.21 and has traded between $52.60 and $82.90 over the past year. Salesforce (CRM) shares are currently priced at 71.58x 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. Investors should also note that the full-year EPS estimate of $1.01 is a $0.26 better when compared to the previous year’s annual results. 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. In terms of ratings, Macquarie Initiated CRM at Outperform (Mar 4, 2016). Previously, Credit Agricole upgraded CRM from Outperform to Buy. The average price target for CRM shares by the analysts covering the stock is $88.07, which is 21.81% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Stock Update (NYSE:CRM): Salesforce Delivers ‘2016 Connected Manufacturing Service Report’ 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 Delivers 2015 State of Analytics Report, Uncovers Top Trends Driving the Future of Analytics