Salesforce is reportedly eliminating over 1,000 jobs while hiring staff to sell its artificial intelligence products. Workers who are displaced will be able to apply for other roles within the company, Bloomberg reported Monday (Feb. 3), citing unnamed sources.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Recently, Zacks.com users have been paying close attention to Salesforce.com (CRM). This makes it worthwhile to examine what the stock has in store.
Salesforce is cutting more than 1,000 jobs as it simultaneously hires workers to sell new artificial intelligence products, Bloomberg News reported on Monday.
Salesforce.com (CRM) closed at $354 in the latest trading session, marking a -1.65% move from the prior day.
Shares of Salesforce Inc. NYSE: CRM were the outlier in Monday's session, logging nearly a 4% gain against a sharp drop in tech stocks. While the tech titan ended last year on a weaker note, selling off in the final few weeks of December, the start of this year has been kinder to Salesforce bulls.
Salesforce.com (CRM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
I rate Veeva Systems as a 'Buy' due to its strong performance recovery, despite competition from Salesforce and industry uncertainties under Trump's administration. VEEV's migration to its own CRM, Veeva Vault, is a long-term tailwind, enhancing its ecosystem and competitive edge. The Company's Q3 2025 results exceeded expectations, with significant revenue, net income, and free cash flow growth, raising FY 2025 guidance.
Software stocks Salesforce and HubSpot have soared past entries even as Nvidia and other AI chip stocks dive on China risk. The post AI Software Leaders Hit Buy Points While Nvidia, Chip Stocks Crash On China Tidal Wave appeared first on Investor's Business Daily.
Savvy investors are drawn to stock splits because they are often roundabout indicators of quality businesses. To elaborate, stock splits are only necessary after substantial share price appreciation, which rarely happens to bad businesses.
Zacks.com users have recently been watching Salesforce.com (CRM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Salesforce (CRM) is all in on artificial intelligence (AI) agents, unveiling Agentforce 2.0 just months after launching the first Agentforce. CEO Marc Benioff sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss the tech giant's AI initiatives and his expectations for US President Donald Trump's second term.