Stock Update (NYSE:CRM): Salesforce.com (CRM) Stock Falls Further on Tableau Software’s Soft Guidance, Jim Cramer’s Take

[at TheStreet] – Salesforce.com (CRM) stock continues to decrease on last week’s disappointing guidance from rival companies . Read more on this. salesforce.com, inc. (CRM) , with a current market cap of $35.89B, started the session at $56.87. Shares have traded today between $52.60 and $56.99 per share with a one year range of $52.60 to $82.90. CRM shares are currently priced at 78.01x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.91x 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. In looking at the bigger picture, the full-year EPS estimate of $0.75 would be a $0.23 better when compared to the previous year’s annual results. 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. With the above information in mind, readers should note that the average price target is $89.82, which is 57.94% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Stock Update: Salesforce.com Inc (NYSE:CRM) – Salesforce.com (CRM) Stock Pressured by Tableau Software’s Forecast, Jim Cramer’s View 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
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.