CRM the Latest to Fall

Salesforce.com just reported fiscal third quarter results and beat the Zacks Consensus Estimate but shares are tumbling about 10% after missing the analysts' estimates on billings for the first time in 10 quarters.

As we've seen with other company reports, many stocks are priced for perfection so any data "miss" can be met with selling pressure. But a company that is trading with a P/E of 650x forward estimates, as CRM is, is especially vulnerable.

CRM has now fallen about 28% off its 52-week high.

But it is not the only "glamour" stock to stumble recently.

Check out these popular companies whose shares have also dived from their 52-week highs:

Travelzoo (TZOO - Snapshot Report) down 73.6%
Green Mountain Coffee Roaster (GMCR - Analyst Report): down 56%
Ancestry.com (ACOM - Snapshot Report): down 49%
Lululemon (LULU - Snapshot Report): down 24%

Who will be next?

Read the full analyst report on CRM

Read the full analyst report on TZOO

Read the full analyst report on GMCR

Read the full analyst report on ACOM

Read the full analyst report on LULU