Group 1: Company Performance - Salesforce.com closed at 2.54 per share, reflecting a year-over-year growth of 4.1% [2] - The consensus estimate for quarterly revenue is 11.12 per share and revenue at $40.75 billion, indicating changes of +9.02% and +7.53% respectively from the prior year [3] Group 4: Analyst Estimates and Stock Performance - Recent changes to analyst estimates for Salesforce.com can indicate optimism about the company's business outlook [3] - Empirical research shows that revisions in estimates correlate with stock price performance [4] Group 5: Zacks Rank and Valuation - Salesforce.com currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having decreased by 0.01% in the past month [5] - The company has a Forward P/E ratio of 26.2, which is lower than the industry's average Forward P/E of 28.58 [6] - Salesforce.com has a PEG ratio of 2.06, compared to the industry's average PEG ratio of 2.41 [6] Group 6: Industry Context - The Computer - Software industry is part of the Computer and Technology sector, holding a Zacks Industry Rank of 83, placing it in the top 34% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Salesforce.com (CRM) Stock Declines While Market Improves: Some Information for Investors