Company Update: Salesforce.com Inc (NYSE:CRM) – Salesforce just paid Marc Benioff a $2.3 million bonus, on top of the $56 million he made in four months selling stock

[Business Insider] – Salesforce just announced the cash bonus awards it granted to executives and, not surprisingly… Read more on this. salesforce.com, inc. (CRM) , valued at $51.66B, opened this morning at $76.20. Shares have traded today between $75.79 and $76.64 per share with a trailing 52-week range being $52.60 to $82.90. CRM shares are currently priced at 75.44x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.23x forward p/e ratio. 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. What we find to be interesting is 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 predicated on a consensus revenue forecast of $1.89 Billion. If reported, 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. When considering if the stock is under or overvalued, the average price target is $89.35, which is 17.26% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Company Update: Salesforce.com Inc (NYSE:CRM) – Salesforce just bought a machine learning startup that was backed by its CEO Marc Benioff Company Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Chairman and CEO Marc Benioff to Speak at White House Event Stock Update (NYSE:CRM): Salesforce Chairman and CEO Marc Benioff to Participate in the World Economic Forum Annual Meeting 2016