andyn

Salesforce Likely To Be Below $15 By Year's End

I agree their P/E is pretty high.... but so far they had the growth rates of over 50% to sustain it.

But in the coming months, growth rate should slow both because of law of larger numbers and a recession.

The only question is by when it would be cut in half to $15....
I think it would take atleast next 2 earnings release to do that.

SaaS Goes Mainstream - Via Cramer, No Less!

CRM's forward P/E is truly in the clouds... above 50!!!!
People should be crazy to buy this here...
The stock was $65 before their earnings, has been cut to $35 now and still is too high.
$17 from here...

Still Bullish on Salesforce.com

I do believe in SaaS but dont know why CRM is so OVER-priced.
I agree their sales growth is strong but they need to be growing at a growth rate of 100% to meet their forward P/E valuations of 98!!! (this was before this earnings drop).
I am happy being short... this should be near $30 not $60.

Salesforce's Deferred Revenue Debacle

This stock should be half where it is now. Most shorts will be salivating at this HIGH P/E. get out while you can.

Even SaaS Stocks Are Still Sinking

Even though the SaaS picture is still on clear on who would be the winners, one thing is sure that more and more business would shift to this paradigm. Which means right now - from an investor's perspective - the better bet would be to short traditional big software firms like SAP, Microsoft, CA and Oracle.