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TMCNet:  salesforce.com is Among the Companies in the Application Software Industry With the Highest Forward P/E Ratio (CRM, ULTI, DWCH, SMSI, CALD)

[November 15, 2012]

salesforce.com is Among the Companies in the Application Software Industry With the Highest Forward P/E Ratio (CRM, ULTI, DWCH, SMSI, CALD)

Nov 15, 2012 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Application Software industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.salesforce.com ranks highest with a a forward P/E ratio of 69.05. Ultimate Software is next with a a forward P/E ratio of 60.05. Datawatch ranks third highest with a a forward P/E ratio of 56.79.


Smith Micro Software follows with a a forward P/E ratio of 51.36, and Callidus Software rounds out the top five with a a forward P/E ratio of 39.29.

SmarTrend recommended that its subscribers protect gains by selling shares of Smith Micro Software on October 9th, 2012 by issuing a Downtrend alert when the shares were trading at $1.44. Since that call, shares of Smith Micro Software have fallen 22.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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