"Salesforce.com rallied in premarket trading on Friday, a day after the company reported second-quarter earnings that beat expectations. The company also raised its full-year outlook. On Friday, FBR upgraded the company to 'market perform' from 'underperform.' Shares gained 9.4 percent to $50.50 before the bell." CNBC Aug 21, 2009.
And the PE Ratio is now 104.5 - down from 106. Well, at least it's moving closer to Oracle's more realistic PE of 20. Only 84.5 points to go!
(Disclaimer - I use Salesforce's CRM system and it's very good software. I just don't understand the stratospheric PE. It's in Dot Bomb territory.)
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