Salesforce delivered a strong Q3 with $9.44 billion in revenue, 8.3% YoY growth, and increased forward guidance, despite a slight EPS miss. CRM's A.I. initiatives, particularly Agentforce, are expected to drive future growth and increase net dollar retention, validating my bullish investment thesis. Despite risks from competitors and potential market volatility, CRM's valuation remains attractive, with significant free cash flow and shareholder returns through buybacks and dividends.
Major U.S. equities indexes moved higher Wednesday, boosted by outperformance from the technology sector.
One of the most-watched stocks in premarket trading this morning is Salesforce (NYSE: CRM). Shares are currently surging before the opening bell after the software giant reported its Q3 results for fiscal year 2025.
Salesforce (CRM) shares are gaining Wednesday morning coming off of its mixed third quarter results, initially up by over 11% in pre-market trading but later holding onto 9% gains in the regular trading session at the time of this video's posting. While the cloud company fell short of earnings expectations, it topped revenue estimates and posted $9.44 billion for its last quarter, driven by enthusiasm for its Agentforce AI tool released in October.
Gil Luria, D.A. Davidson analyst, joins 'Squawk on the Street' to discuss Luria's investigation into Salesforce's AI uses, if AI is still taking capital expenditures away from software, and much more.
Salesforce Inc CRM shares were climbing in on Wednesday, despite the company reporting an earnings miss in the third quarter.
Salesforce (CRM) shares are up after the company raised its full-year outlook Tuesday, and analysts are offering increasingly bullish price targets.
Salesforce shares popped Wednesday, a day after the company a day released third-quarter results that exceeded analysts' estimates. Analysts are encouraged by the Salesforce's AI agent product called Agentforce, as the company closed more than 200 related deals during the quarter.
Pre-market futures have remained in the green following a key inflation report this morning ahead of the open. The Dow leads the way, +170 points — which has plenty to do with double-digit gains from Salesforce ( CRM ) yesterday afternoon — while the S&P 500 and the Nasdaq, fresh off another all-time closing high Tuesday, are up +18 points and +145 points, respectively.
Salesforce Inc (NYSE:CRM, ETR:FOO) shares jumped more than 9% on Wednesday morning after delivering a solid third quarter earnings report that suggests the company is leading the way in the agentic AI cycle with Agentforce, according to Bank of America analysts who raised their price target on the stock post-earnings. Management commentary suggests meaningful customer interest in Agentforce, which allows users to build and customize AI agents, since its release in October, analysts noted.
Andrew Wang from Runnymede Capital Management says that Salesforce's (CRM) 3Q earnings show that despite investors being skeptical of the market rally, A.I. can help keep the records going.
Wall Street seems excited about early momentum for Salesforce's Agentforce AI product, but some analysts are skeptical about the monetization potential.