Salesforce.com Being Foolish?

February 26, 2008

The Motley Fool is taking another look at Salesforce.com this week, as the company gets ready to release its fourth quarter results. Fool.com notes that Salesforce is down 13% since the start of the year and discusses the dip as well as the upside of the stock in its latest article.

From Fool.com:

Software-as-a-Service pioneer salesforce.com (NYSE: CRM) has had a rough time so far this year. With its stock down 13% since the dawn of 2008, this Google (Nasdaq: GOOG) partner company has been hit twice as hard as the broader S&P 500.

What analysts say:

Buy, sell, or waffle? Thirty-one analysts follow salesforce.com. Seventeen of them still rate the stock a buy, 10 more a hold, and four a sell.
Revenue. On average, they expect to see 45% quarterly sales growth to $209.1 million.
Earnings. But profits are predicted to fall 43% to $0.04 per share.

Visit Salesforce.com’s Investor Relations site.

UPDATE: Feb 28th 2008, Salesforce shares jump 13% on positive news from its Q4 results.

Written by Adam Killam · Filed Under Salesforce.com News