salesforce-Here's Why Salesforce.com (CRM) Gained But Lagged the Market Today

Company Performance - Salesforce.com closed at $326.84, reflecting a +0.7% change from the previous session, underperforming the S&P 500's gain of 0.88% and the Dow's gain of 1.24% [1] - Over the past month, Salesforce.com shares have decreased by 5.35%, while the Computer and Technology sector gained 0.37% and the S&P 500 gained 1.17% [1] Upcoming Earnings - Salesforce.com is projected to report earnings of$ 2.60 per share, indicating a year-over-year growth of 13.54%, with expected revenue of $10.04 billion, an 8.06% increase compared to the same quarter last year [2] - For the full year, earnings are estimated at$ 10.03 per share and revenue at $37.94 billion, representing changes of +22.02% and +8.84% from the prior year [3] Analyst Estimates and Valuation - Recent changes to analyst estimates for Salesforce.com suggest a positive outlook, as upward revisions typically indicate optimism about the company's business and profitability [3] - Salesforce.com currently has a Forward P/E ratio of 32.35, which is higher than the industry's average Forward P/E of 31.04 [6] - The company has a PEG ratio of 2.19, compared to the Computer - Software industry's average PEG ratio of 2.38 [7] Industry Context - The Computer - Software industry is part of the broader Computer and Technology sector, holding a Zacks Industry Rank of 157, placing it in the bottom 38% of over 250 industries [8] - Research indicates that industries in the top 50% of the Zacks Industry Rank outperform those in the bottom half by a factor of 2 to 1 [8]