Market Update: Salesforce.com Inc (NYSE:CRM) – Salesforce CEO: Government leaders are ‘weaker’ so ‘CEOs need to be stronger’ and fight for social change

[Business Insider] – Salesforce CEO Marc Benioff has been hailed as a new kind of activist CEO. For over a year he’s… Read more on this. salesforce.com, inc. (CRM) , with a current value of $55.57B, opened this morning at $80.79. Shares have traded today between $80.71 and $82.05 per share with the price of the stock fluctuating between $52.60 to $82.90 over the last 52 weeks. CRM shares are currently priced at 79.43x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.34x forward p/e ratio. Consensus earnings for the current quarter by the 39 sell-side analysts covering the stock is an estimate of $0.25 per share, which would be $0.06 better than the year-ago quarter and a $0.01 sequential increase. What we find to be interesting is that the full-year EPS estimate of $1.02 is a $0.27 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.01 Billion. If reported, that would be a 23.31% 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 it is $95.74, which is 18.50% above where the stock opened. See more in (NYSE:CRM) Similar Articles: Market Update (NYSE:CRM): Salesforce Positioned in the Leaders Quadrant of the Magic Quadrant for CRM Customer Engagement Center 2016 Market Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Announces Salesforce for Messenger Platform Market Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Grants Equity Awards Under Its Inducement Equity Incentive Plan