SALESFORCE.COM ( CRM )
Market Cap: $7,700 million
Software 500 Rank: 109
Salesforce.com has been successful providing “software on demand” to a wide range of business customers. During fiscal 2007, Salesforce had 1.1 million subscriptions for their Force.com on-demand platform.
Except for a down-move during the first half of 2006, the stock has been in a steady uptrend for more than 3 years, rising from less than $10 to a recent high of $75.21.
However, as with many software stocks, there is always the risk that expectations could greatly exceed future results. This may be one of reasons for the very high Beta value of 3.19, demonstrating high volatility.
Although earnings are growing rapidly, estimated 2009 earnings (per S&P) are only $0.34 per share. Based on current (7-25-08) price of $63.75, the resulting forward PE ratio of 188 is very high.
For covered call investing,CRM has a position available for September stock options expiration with a potential return of 6.9% - only 52 days away.
Analysts'
Recommendation: | Buy |
| 30 Days Ago: | Buy |
|
| Analysts' Target: | $73 |
| Analysts' Targets |
| Citigroup | $80 |
| Hold |
Tuesday, July 22, 2008
|
| Credit Suisse | $71 |
| Outperform |
Friday, July 11, 2008
|
| Broadpoint Capital | $78 |
| Buy |
Thursday, June 26, 2008
|
| Deutsche Bank Securities | $100 |
| Buy |
Friday, June 13, 2008
|
| Wedbush Morgan Securities | $61 |
| Hold |
Thursday, May 22, 2008
|
| Jefferies & Co. | $77 |
| Buy |
Thursday, May 22, 2008
|
| Lazard Capital Markets | $69 |
| Buy |
Thursday, May 22, 2008
|
| UBS Securities | $82 |
| Buy |
Friday, May 16, 2008
|
| Piper Jaffray | $81 |
| Market Perform |
Tuesday, April 22, 2008
|
| Friedman, Billings, Ramsey & C | $44 |
| Mkt Perform |
Thursday, February 28, 2008
|
$65.16 (08/05/08)
