|Day's range||47.95 - 51.65|
Salesforce has a mixed quarter, leading to some mixed responses by Wall Street
Yahoo Finance Live breaks down some of the biggest stock movers in after-hours trading.
Stock index futures were up modestly on Thursday morning after the vote late last night, and investors also kept a watch on interest rates to see what a potential massive issuance of new Treasury debt might do to the financial system. Both C3.ai (NYSE: AI) and Salesforce (NYSE: CRM) have announced plans to lead the artificial intelligence revolution forward, yet neither company was able to reassure its investors that it will be able to sustain the growth rates that many have hoped to see. Shares of C3.ai dropped 19% early Thursday morning.
SAN FRANCISCO, June 01, 2023--Salesforce (NYSE: CRM), the global leader in CRM, announced today that J.P. Morgan has unveiled its new Payments Partner Network – a marketplace powered by Commerce Cloud. The Payments Partner Network features third-party partners that are integrated with the J.P. Morgan Payments platform, making it easy for clients to discover, search, and learn more about relevant J.P. Morgan partner product solutions, unlocking opportunities for growth and efficiency.
Salesforce Inc fell about 7% on Thursday after reporting quarterly revenue that increased at its slowest pace since 2010, with companies cutting back spending on cloud-based software offerings. The enterprise software maker was set to shed nearly $14 billion in market value, based on its share price of $208.40. Salesforce on Wednesday posted its smallest rise in quarterly revenue in 13 years and predicted a further slowdown ahead, blaming an uncertain U.S. economy and weaker demand from financial services and tech companies.
Salesforce's (CRM) better-than-expected first-quarter performance reflects the benefits of accelerated digitalization and rapid adoption of cloud-based solutions.
(Bloomberg) -- Salesforce Inc. isn’t growing as fast as it used to while the software company shifts its focus to generating higher profits instead. Investors are concerned.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthDebt-Limit Deal Passes the House, Easing US Default ConcernsInside the Making of Redfall, Xbox’s Latest MisfireS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapBillionaire Perot Warns of Real Estate Recession as Loans Dry UpThe shares sl
Investing.com -- Salesforce (NYSE:CRM) reported better-than-expected first-quarter results and revenue guidance for the current quarter that topped expectations. Still, shares trade 5.5% lower in premarket Thursday.
With me on the call today is Marc Benioff, chair and CEO; Amy Weaver, president and chief financial officer; and Brian Millham, president and chief operating officer. As a reminder, our commentary today will include non-GAAP measures.
The headline numbers for Salesforce.com (CRM) give insight into how the company performed in the quarter ended April 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
While JOLTS illustrated a still-warm labor market, tech and retail companies reported Q1 earnings late.
Salesforce.com (CRM) delivered earnings and revenue surprises of 4.97% and 0.95%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
Investing.com - U.S. stock futures were trading within a tight range during Wednesday's evening deals, after major benchmark averages finished slightly lower as market participants remain focused on the U.S. debt ceiling deal, with the House set for the final vote later in the session.
SAN FRANCISCO, May 31, 2023--Salesforce Announces Strong First Quarter Fiscal 2024 Results
A look at the stocks making headlines on Wednesday.
Investing.com -- Stocks were mixed on Tuesday amid continued uncertainty about the debt ceiling outcome despite a deal reached over the weekend.
Congress is expected to vote on legislation to pass the deal on Wednesday.
The solid adoption of cloud-based solutions amid ongoing accelerated digital transformation initiatives adopted by organizations is likely to have aided Salesforce's (CRM) Q1 revenues and earnings.
Key Insights Significantly high institutional ownership implies Salesforce's stock price is sensitive to their trading...
Adobe (NASDAQ: ADBE) and Salesforce (NYSE: CRM) are both bellwethers of the cloud software market. Adobe's Photoshop, Illustrator, and Premiere Pro -- all housed in its Creative Cloud -- are industry-standard tools for media professionals. Salesforce owns the world's largest cloud-based customer relationship management (CRM) platform.
While accelerated digital transformation, acquisitions and partnerships are likely to have boosted Salesforce's (CRM) top line in Q1, cost-cutting initiatives are expected to have driven the bottom line.
Investing.com - Citi analysts increased their price target from $210 to $229 on Salesforce Inc (NYSE:CRM) and maintained a neutral rating despite mixed performance during the quarter.
In the last year, many Salesforce, Inc. ( NYSE:CRM ) insiders sold a substantial stake in the company which may have...
The average brokerage recommendation (ABR) for Salesforce.com (CRM) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Salesforce.com (CRM) closed the most recent trading day at $210.26, moving -0.05% from the previous trading session.