148.50 +1.12 (0.76%)
After hours: 7:58PM EDT
|Bid||147.32 x 800|
|Ask||148.50 x 900|
|Day's range||146.16 - 148.39|
|52-week range||113.60 - 167.56|
|Beta (3Y monthly)||0.95|
|PE ratio (TTM)||100.60|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Retail giants Dick’s Sporting Goods, Gap and tech company Salesforce.com will report quarterly results on Thursday.
salesforce's (CRM) second-quarter fiscal 2020 results are likely to gain from the growing adoption of its cloud offerings, aided by its expanding partner ecosystem.
Salesforce (CRM) stock is up 5.1% YTD, lagging behind the S&P 500???s 14% climb. Shares of Salesforce are also down roughly 14% from their 52-week highs. The customer relationship management firm is set to report its Q2 2020 earnings results after the close on Thursday, August 22.
salesforce's (CRM) Q2 fiscal 2020 results are likely to benefit from a buoyant demand landscape for its cloud offerings. However, steep expenses and unfavorable forex volatility are key challenges.
Salesforce.com (CRM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HubSpot, Kraft Heinz, CNBS, Canopy Growth, Aurora Cannabis and GW Pharmaceuticals highlighted as Zacks Bull and Bear of the Day
(Bloomberg) -- The U.S. Customs and Border Protection agency is set to expand its use of facial recognition, deploying the controversial technology to screen people entering the country, according to a government document released recently.The draft request for bids lays out CBP plans to upgrade a wide range of its technical systems. That includes a goal to replace an existing "token-based" security system, reliant on verification methods such as passwords, with a biometric one, which uses inputs like fingerprints and face scans to identify people. Global Entry kiosks at the border will be replaced with a "facial recognition solution," according to the document.CBP is looking for a private vendor to provide the technology and to move key software applications to cloud-computing services. The contract, set to start in December and extend as long as May 2025, may be worth as much as $960 million."A biometric-based approach allows threats to be pushed-out further beyond our borders before travelers arrive to the U.S.," the document reads. "CBP’s vision is to transition frontline officers from static booths, to a dynamic and agile operation allowing officers to admit or refer travelers using mobile technology with a single touch point."The plans may foment protests by critics of facial-recognition technology and the agency’s practices.As software has improved and computing costs fallen, facial recognition has grown from science-fiction into a useful tool in recent years. A backlash has followed. San Francisco banned the technology in May, citing privacy and civil liberties concerns, and several cities are considering similar moves. Critics have called for U.S. companies working on the tech, such as Microsoft Corp., Amazon.com Inc. and Google, to curb its development or stop it altogether.CBP is also controversial. Lawmakers, civil society groups and some business leaders have criticized the agency for its role in separating families along the U.S.-Mexican border. A representative of the agency didn’t respond to an email request for comment on Monday. The agency has existing cloud contracts with Amazon Web Services and Salesforce.com Inc. After some Salesforce staff called last year for the company to cut ties with the agency, Chief Executive Officer Marc Benioff said he was keeping the deal intact.Over the last decade, CBP has made sizeable investments in software to track people and products entering the U.S. In January 2013, CBP awarded Northrop Grumman Corp. a multimillion-dollar contract to write biometric software currently in use at 15 airports, according to a CBP report. The agency wants to expand the program to cover 97% of airline passengers by 2021. On a typical day, CBP processes more than 1 million individuals and 280,000 privately owned vehicles, according to the new document.Representatives from Northrop Grumman, Amazon and Salesforce did not returned requests for comment.\--With assistance from Dina Bass.To contact the reporters on this story: Mark Bergen in San Francisco at email@example.com;Chris Cornillie in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- WeWork Cos. is planning to make public its prospectus for its initial public offering as early as next week, according to people familiar with the matter, unveiling the full financial picture of the office sharing startup for the first time.The New York-based company will test public investors’ appetite for cash-burning startups after the tepid debut of Uber Technologies Inc., the largest IPO of the year. WeWork is looking to raise more than $3.5 billion, Bloomberg has reported, which would make it the second-largest U.S. IPO this year.The company said in April it had filed paperwork for the initial public offering confidentially with the U.S. Securities and Exchange Commission. No final decision has been made and the timing of the public filing could still change, the people said, asking not to not be identified because the matter is private.A representative for WeWork declined to comment.WeWork has disclosed select financial information since it started selling bonds in 2018. WeWork lost $1.9 billion last year on $1.8 billion in sales.WeWork has been targeting a September IPO, people familiar with the company’s plans said in July. It has also been in talks to raise billions in debt.WeWork Poised to Tap JPMorgan, Goldman for IPO as Fee Pool GrowsWeWork leases temporary office space to small companies such as startups as well as larger enterprises such as Salesforce.com Inc. and Microsoft Corp. SoftBank Group Corp., its largest backer, has valued the unprofitable business at $47 billion. Since its founding in 2010, WeWork has raised more than $12 billion in funding.WeWork Seeks $6 Billion Financing, Contingent on IPO Success (3)To contact the reporters on this story: Gillian Tan in New York at firstname.lastname@example.org;Michelle F. Davis in New York at email@example.comTo contact the editor responsible for this story: Liana Baker at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Investors know it's not easy to find companies already worth tens of billions that can still expand their revenues rapidly. But these giants show it's not impossible.
(Bloomberg) -- Ivanka Trump has opened the White House doors and her father’s administration to companies that participate in a worker-training initiative she’s led, even as the president adopts policies that labor unions say would weaken apprenticeships.The president and his daughter, who is a senior adviser in the White House, celebrated the anniversary of her “Pledge to America’s Workers” program late last month. More than 300 companies including Apple Inc., Microsoft Corp., WalMart Inc., Salesforce.com Inc., Lockheed Martin Corp. and Toyota Motor Corp. have agreed to train more than 12 million people, the White House says.Participating in the program may score the companies goodwill and even face-time with a president who sometimes considers policies that would hurt them. For example, Trump has threatened to slap tariffs against cars Toyota imports to the U.S. and on iPhones imported from China, and he’s criticized the price of weapons Lockheed makes for the military, its most important customer.For the companies, participation is low-risk. Much of the training would have been done in the absence of Ivanka Trump’s initiative, some companies say, and the program sets few standards for employers to meet and carries no repercussions if they fall short. After signing pledges, participating companies have received visits from Ivanka Trump, Vice President Mike Pence and members of the president’s cabinet, as well as invitations to the White House.The president has touted the pledge as part of his economic agenda on the campaign trail.“Republicans believe that a nation must care for its own citizens first,” he said at a rally in Cincinnati last week. “Our pledge to America’s workers has secured commitments to train more than 12 million Americans for the jobs of tomorrow. You know who’s working very hard on that? You’ve probably never heard of her -- Ivanka Trump.”‘Decimate’ ApprenticeshipsThe initiative, which has no federal funding, has also helped Trump make clear that he considers employee training the responsibility of the private sector. The Department of Labor recently proposed a regulation that would allow employers to set their own standards for apprenticeship programs, a proposal the administration says would expand such opportunities for workers.The AFL-CIO, though, said the new rules “could decimate training and labor standards in registered apprenticeship programs across the country.” The proposal would “give employers license to implement whatever low-road standards they see fit,” said Carolyn Bobb, a spokeswoman for the group.Jessica Ditto, a White House spokeswoman, said in a statement Friday that “the pledge has been a catalyst to create over 12 million training and education opportunities for future and current workers and should be applauded by all.”An official who asked not to be identified said that the program is designed as a call-to-action, that the private sector is better suited than government to handle training, and that companies’ pledges are vetted before being accepted. The official rejected the AFL-CIO’s view, saying the proposed new apprenticeship rules would expand the program to companies that previously found it unworkable.Executives at companies and industry groups that have signed it say the pledge at the very least helps draw attention to the need to train and re-train workers in an economy with near-record low unemployment. White House events celebrating the initiative have included heartfelt testimonials from workers who were promoted after receiving technical training.Todd Thibodeaux leads an association of IT companies that offers training programs for a sector starved for workers. Known as Computing Technology Industry Association (CompTIA), it pledged 625,000 worker certifications for the White House program. Thibodeaux was invited to the White House in July to sign his group’s pledge.“For us, it was a continuation of things we were going to do anyway, that we were already doing, but an opportunity for us to pledge our commitment,” Thibodeaux said. The tech sector needs to do more to open doors for new workers, even if they don’t have a college degree, he said.“If 500 people find out about CompTIA because we did the pledge, and that helps them get a job, it’s a huge win for us,” he said.Ivanka’s TravelsSeveral companies that have signed pledges acknowledge their commitments include training they’d planned on doing already, to varying degrees. Toyota pledged to train 200,000 workers, saying it would “broaden our training and keep closer track of our numbers,” while declining to specify how much of the training would be new.Ivanka Trump visited the company’s car plant in Kentucky for a March signing event, and welcomed one of the company’s executives to the White House again in July.Apple pledged 10,000 opportunities, and CEO Tim Cook serves on the board. Trump has praised Cook recently, and predicted the company would build a manufacturing plant in Texas. The company said the pledge was for new training: “an additional 10,000 people as part of our ongoing initiatives with community colleges in the United States.”Microsoft also pledged 10,000 opportunities, and a spokesperson declined to say how many were actually new. The two companies are America’s biggest by market capitalization, likely giving them clout with any administration, though their pledges are far outpaced by other smaller firms.Salesforce pledged 500,000 training opportunities, including through its free online learning platform, and then doubled its commitment to 1,000,000 as Ivanka Trump visited the company’s Indianapolis facility. Spokespeople for the company declined to say what share of the training is new.She also visited a Siemens AG facility in North Carolina after the company pledged 75,000 training opportunities and a Lockheed Martin site after it pledged 8,000, which a spokesperson for Lockheed, Krista Alestock, said is a mix of existing and expanded training programs. Lockheed’s CEO, Marillyn Hewson, took part in the July event at the White House.A Siemens spokesperson referred to a news release that said its pledge would “expand the company’s U.S. education and training opportunities, reaching more than 75,000 workers and students over the next five years.”Alestock said Lockheed has so far met 23 percent of its five-year pledge, creating a total of 1,900 apprenticeships, “early career and mid-career opportunities” and high school internships.In addition to Pence, Commerce Secretary Wilbur Ross, Health and Human Services Secretary Alex Azar, Agriculture Secretary Sonny Perdue, Transportation Secretary Elaine Chao, Interior Secretary David Bernhardt, Housing and Urban Development Secretary Ben Carson, acting Environmental Protection Agency Administrator Andrew Wheeler, acting Small Business Administrator Chris Pilkerton and former Labor Secretary Alex Acosta have all held events with companies that have signed Ivanka Trump’s job pledge.24 MillionWalmart pledged 1,000,000 opportunities, which includes a mix of two-week courses for store associates and other programs. It’s not all new training spurred only by the pledge.“It was the first time that we had publicly committed to a specific number on our training programs,” spokesman Kory Lundberg said. “Anytime there’s a chance to bring attention to this issue of workforce skilling, we want to be involved in that.”The pledges -- largely unconstrained by rules or close oversight -- look poised to rise. Ivanka Trump welcomes them from virtually any sector and at a wide range of numbers, while offering the carrot of a supportive message -- some companies have put her name on press releases -- or a visit to the White House for firms and industry groups that make commitments.“So, congratulations, Ivanka, congratulations, and keep it up. So, when will you hit 24 million?” the president asked at the White House in July. She replied: “At this pace, very soon.”(Updates with White House comment in ninth paragraph.)To contact the reporter on this story: Josh Wingrove in Washington at email@example.comTo contact the editors responsible for this story: Alex Wayne at firstname.lastname@example.org, Joshua GalluFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Twitter CEO Jack Dorsey is an astonishingly gifted, driven, and “super weird and strange” guy, as he has put it, whose actions — and inactions — may determine the fate of the free world.
U.S. cloud-based service provider Salesforce said it signed a definitive agreement to acquire Israeli software developer ClickSoftware for $1.35 billion (£1.11 billion) in cash and shares. Salesforce said adding ClickSoftware, which makes cloud-based field service management software, would accelerate the growth of its Service Cloud platform. The deal comes a week after Salesforce completed its more than $15 billion purchase of big data firm Tableau.
Salesforce has a track record of strong earnings and sales growth, but shares are below their moving average. Katie Stockton explains why Salesforce should still be on your radar.