One of the losers of today's trading session was Salesforce. Shares of the Software company plunged -3.3%, and some investors may be wondering if its price of $232.65 would make a good entry point. Here's what you should know if you are considering this investment:
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Salesforce has moved -4.3% over the last year, and the S&P 500 logged a change of 19.6%
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CRM has an average analyst rating of buy and is -33.42% away from its mean target price of $349.41 per share
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Its trailing earnings per share (EPS) is $6.4
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Salesforce has a trailing 12 month Price to Earnings (P/E) ratio of 36.4 while the S&P 500 average is 29.3
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Its forward earnings per share (EPS) is $11.13 and its forward P/E ratio is 20.9
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The company has a Price to Book (P/B) ratio of 3.67 in contrast to the S&P 500's average ratio of 4.74
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Salesforce is part of the Technology sector, which has an average P/E ratio of 30.44 and an average P/B of 4.19
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CRM has reported YOY quarterly earnings growth of 1.9% and gross profit margins of 0.8%
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The company has a free cash flow of $14.43 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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Salesforce, Inc. provides customer relationship management (CRM) technology that connects companies and customers together worldwide. The company offers Agentforce, an agentic layer of the salesforce platform; Data Cloud, a data engine; Industries AI for creating industry-specific AI agents with Agentforce ; Salesforce Starter, a suite of solution for small and medium-size business; Slack, a workplace communication and productivity platform; Tableau, an end-to-end analytics solution for range of enterprise use cases and intelligent analytics with AI models, spot trends, predict outcomes, timely recommendations, and take action from any device; and integration and analytics solutions. It also provides marketing platform; commerce services, which empowers shopping experience across various customer touchpoint; and field service solution that enables companies to connect service agents, dispatchers, and mobile employees through one centralized platform to schedule and dispatch work, as well as track and manage jobs. Salesforce, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.