Salesforce.com (NYSE: CRM) has been a high-beta stock with a 100+ P/E ratio and it can be very volatile around earnings. The customer relationship software outfit reported that its third quarter earnings and guidance were slightly under some estimates. Another issue was that the company actually had a net loss after higher sales and marketing costs. Shares were down over 7% last night, and shares are down “only” 4.8% around $120.00 on almost 200,000 pre-market shares with about 30 minutes until the open.
Salesforce.com… When Beta Catches Up To Earnings (CRM)
