Company Update (NYSE:CRM): More Squawk From Jim Cramer: Salesforce.com (CRM), Palo Alto Networks Unfairly Ping-Ponged

[at TheStreet] – Shares of Salesforce.com (CRM) and Palo Alto Networks (PANW) are up today on bullish analyst notes after recently declining, and Jim Cramer wishes investors would make up their minds. Read more on this. salesforce.com, inc. (CRM) , valued at $42.22B, started the session at $63.00. Today’s price range has been between $62.85 and $63.82 per share and has traded between $52.60 and $82.90 over the past year. CRM shares are currently priced at 82.85x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.67x earnings multiple. 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. What we find to be interesting is that the full-year EPS estimate of $0.75 is a $0.23 improvement 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, Credit Agricole upgraded CRM from Outperform to Buy (Feb 10, 2016). Previously, Jefferies upgraded CRM from Underperform to Hold. When considering if the stock is under or overvalued, the average price target is $88.13, which is 39.89% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Stock Update (NYSE:CRM): Salesforce.com (CRM) Stock Falls Further on Tableau Software’s Soft Guidance, Jim Cramer’s Take 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