While Salesforce's acquisition of Own is likely to bolster its position in AI and data management, slowing sales growth could hinder near-term stock performance.
Cloud software firm Salesforce said on Tuesday its Hyperforce cloud platform was now available in Israel, which will allow sensitive government and companies' data to stay local.
NEW YORK, NY / ACCESSWIRE / September 10, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Salesforce, Inc. ("Salesforce") (NYSE:CRM) concerning possible violations of federal securities laws. On May 29, 2024, Salesforce reported its fiscal Q1 2025 financial results.
NEW YORK, NY / ACCESSWIRE / September 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Salesforce, Inc. ("Salesforce") (NYSE:CRM) concerning possible violations of federal securities laws. On May 29, 2024, Salesforce reported its fiscal Q1 2025 financial results.
Salesforce has recovered from a May selloff, showing robust sales and profit growth, and closed its stock chart gap, a bullish indicator. The company is undervalued at 22x leading profits, with strong growth prospects, share repurchases, and a new AI acquisition to boost future growth. Salesforce's 2Q25 earnings were strong, with operating income up 21% YoY, and the company raised its profit guidance for the current fiscal year.
Salesforce today announced that its board of directors declared a quarterly cash dividend of $0.40 per share. The dividend is payable October 8, 2024, to stockholders of record on September 18, 2024.
Salesforce (CRM) is expanding its reach into data security by purchasing startup Own for $1.9 billion in cash.
Salesforce stock (NYSE: CRM) has lost 6% YTD, as compared to the 16% rise in the S&P 500 over the same period. Overall, at its current price of $248 per share, it is trading roughly 20% below its fair value of $307 – Trefis' estimate for Salesforce's valuation.
NEW YORK, NY / ACCESSWIRE / September 6, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Salesforce, Inc. ("Salesforce") (NYSE:CRM) concerning possible violations of federal securities laws. On May 29, 2024, Salesforce reported its fiscal Q1 2025 financial results.
Salesforce on Thursday announced a deal to acquire cloud startup Own Co. for about $1.9 billion in cash.
Salesforce said acquiring Own would not impact shareholder return initiatives and would be accretive to free cash flow starting in the second year after deal close. Own supports backups for Microsoft's Dynamics software, along with Salesforce and ServiceNow.
Salesforce has acquired Own, a provider of data management and protection solutions, for $1.9 billion in cash.