Salesforce's quarterly results exceeded consensus, with Agentforce annualized revenue passing the $1 billion mark. The business software maker's revenue backlog came up short, and its revenue guidance for the year slightly missed estimates.
Salesforce is scheduled to report its latest quarterly earnings after the closing bell today, with traders expecting a large move in the software maker's stock.
Futures tied to major stock indexes are higher as shares of chipmakers continue surging, while investors keep tabs on developments in the Iran war; shares of Micron are soaring again this morning after the memory chip maker yesterday joined the small list of companies with a $1 trillion market capitalization; Marvell shares are rising ahead of the chipmaker's earnings report later today; Dow component Salesforce is also scheduled to release quarterly results this afternoon; and Zscaler shares are tumbling after the cybersecurity software maker gave a cautious outlook. Here's what you need to know today.
Salesforce Inc (NYSE:CRM, XETRA:FOO) is due to report fiscal first-quarter results on Wednesday afternoon, with Jefferies forecasting an in-line quarter, backed by proprietary partner surveys showing 55% of respondents finished Q1 at plan and 30% came in above it. The brokerage sees total revenue and current remaining performance obligations growing 12.5% and 14% respectively, with fiscal 2027 earnings per share estimated at $13.14.
Salesforce, Inc. is deeply undervalued, trading at a 45% discount to sector forward P/E despite strong fundamentals and AI-driven growth. CRM's FY26 revenue reached $41.5B (+10% YoY) with 78% gross margins and $14.4B in free cash flow, signaling robust business health. AI monetization is accelerating, with Agentforce ARR up 169% YoY and premium SKUs driving significant per-seat price uplifts.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
The share-price chart and the operating reality have been telling very different stories.
VEEV's growing Vault CRM adoption and AI momentum, backed by major pharma wins, reinforce confidence in its long-term growth outlook.
CRM heads into Q1 earnings results with Agentforce momentum fueling AI bookings, customer growth and stronger subscription revenue trends.
Salesforce Inc (NYSE:CRM, XETRA:FOO) heads into its fiscal first quarter earnings report on May 27, with analysts at UBS pointing to a mixed demand environment for enterprise software and limited signs of near-term acceleration in bookings trends. UBS wrote recent channel checks with roughly 25 enterprise IT executives and partners suggest IT spending growth remains constrained, particularly for non-AI application software.
CRM's Q1 performance is likely to have witnessed the benefits of continued digital transformation and the increasing adoption of generative AI-enabled solutions.
The mean of analysts' price targets for Salesforce (CRM) points to a 53.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.