Market Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Names Vice Chairman and President Keith Block its Chief Operating Officer

[PR Newswire] – SAN FRANCISCO, Feb. 2, 2016 /PRNewswire/ — Salesforce (CRM), the Customer Success Platform and world’s #1 CRM company, today named Vice Chairman and President Keith Block its chief operating officer. Block, who has been vice chairman and president since joining Salesforce in 2013, will continue to lead global sales, alliances and channels, industry strategy, customer success and consulting services. Read more on this. salesforce.com, inc. (CRM) , with a current market cap of $43.11B, started the session at $67.65. Shares have traded today between $64.62 and $67.75 per share with the price of the stock fluctuating between $57.23 to $82.90 over the last 52 weeks. CRM shares are currently priced at 93.75x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.46x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 41 sell-side analysts are looking at $0.19 per share, which would be $0.05 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $0.73 would be a $0.21 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.79 Billion. If realized, that would be a 24.31% increase over the year-ago quarter. More recently, Wedbush upgraded CRM from Neutral to Outperform (Dec 18, 2015). Previously, Pivotal Research Group upgraded CRM from Hold to Buy. When considering if the stock is under or overvalued, the average price target is $90.16, which is 33.27% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Company Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Chairman and CEO Marc Benioff to Speak at White House Event Stock Update (NYSE:CRM): Salesforce Chairman and CEO Marc Benioff to Participate in the World Economic Forum Annual Meeting 2016 Market Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Unveils the Next Wave of Salesforce Analytics Cloud–Delivering Actionable Insights Across the Customer Success Platform