Company Update (NYSE:CRM): Salesforce expanding in Indiana despite religious law uproar

[AP] – Business software company Salesforce announced Friday that it will add about 800 jobs to its Indianapolis workforce, despite threatening last year to reduce investment in Indiana over a religious objections … Read more on this. salesforce.com, inc. (CRM) , with a current value of $50.37B, opened at $73.50. A quick look at the market, the company’s stock traded between $73.17 and $74.32 with its 52-week range being $52.60 to $82.90. Priced at 73.08x this year’s forecasted earnings, CRM shares are relatively expensive compared to the industry’s 13.35x 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. The full-year EPS estimate is $1.01 which would be a $0.26 improvement than last year’s full-year earnings. 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. More recently, Macquarie Initiated CRM at Outperform (Mar 4, 2016). Previously, Credit Agricole upgraded CRM from Outperform to Buy. Given all the information above, we should disclose to readers that the average price target is $89.35, which is 21.56% above than it opened this morning. See more in (NYSE:CRM) Similar Articles: Market Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Announces Salesforce for Messenger Platform Company Update: Salesforce.com Inc (NYSE:CRM) – Salesforce just bought a machine learning startup that was backed by its CEO Marc Benioff Stock Update: Salesforce.com Inc (NYSE:CRM) – Salesforce CEO Benioff: ‘We Will Win In Georgia’ Against ‘Religious Liberty’ Bill
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.