Salesforce Inc (CRM)
Exxon trouncing Salesforce since software stock replaced oil giant in the Dow four years ago
Exxon Mobil was replaced by Salesforce as Dow component in August 2020, a shakeup seen a sign of the energy sector's weakness and tech's strength. But the oil major's stock has gained nearly 170% since the announcement of its exit from the Dow, while Salesforce has gained just 4% over the same period.
Salesforce Stock Plunges on Q1 Revenue Miss, Soft Outlook
Salesforce stock is down after reporting weak first-quarter revenue and a soft Q2 outlook. Here's what you need to know.
Salesforce plummets as weak forecast sparks concerns of AI competition
Cloud-based software firm could lose $48bn in market value if losses hold, amid fear rival AI offerings are hampering demand
Salesforce Falls 25% Into A Once in a Lifetime Opportunity
Salesforce NYSE: CRM stock went on sale following the Q1 release, providing investors a once-in-a-lifetime opportunity. It is not every day that a high-quality, industry-leading, blue-chip stock on track to deliver robust capital returns provides a 25% discount, so it likely won't last long.
Salesforce Darkens the Skies for Cloud Software as AI Threat Looms
Growth slows as big deals are taking longer to close and AI hype is not yet paying off.
Salesforce Stock in Freefall After Earnings
Salesforce Inc (NYSE:CRM) stock is plunging this morning, last seen 18.5% lower to trade at $221.80, after the cloud software vendor disclosed a disappointing first-quarter earnings report.
Salesforce Stock Is Slumping. Can It Still Thrive in the AI Revolution?
Salesforce (NYSE: CRM ) stock is trending, and it is tumbling about 18% today. The pullback is coming after the tech giant's second-quarter revenue guidance came in below analysts' average estimate.
Salesforce shares tumble 17%, on pace for worst day since 2008
Salesforce shares fell in premarket trading Thursday after the company released weaker-than-expected fiscal first-quarter results on Wednesday. Analysts said broader macroeconomic challenges "returned with a vengeance" during Salesforce's first quarter.
5 Things to Know Before the Stock Market Opens
Salesforce (CRM) shares are plunging in premarket trading after the cloud-based software company issued a weak outlook and missed quarterly revenue forecasts for the first time in 18 years; Costco Wholesale (COST), Dell Technologies (DELL), and Marvell Technology (MRVL) are reporting quarterly earnings after the bell today; and UiPath (PATH) shares are tumbling after the artificial intelligence (AI) software provider announced an unexpected CEO shakeup and provided current-quarter sales guidance that came in significantly below Wall Street estimates. U.S. stock futures are extending declines as Treasury yields stay elevated amid concerns that the Federal Reserve will keep interest rates higher for longer as inflation persists.
Salesforce's ‘increasingly visible' weakness could spur a stock drop not seen in years
Investors searching for more reason to be cautious about the health of the software sector just got a big one, as Salesforce Inc. cut its subscription revenue outlook and discussed heavy spending scrutiny on the part of customers.
Filing: Salesforce paid $419M to buy Spiff in Feb
Salespeople live and die by commissions, which typically form a big chunk of how they are paid, so it's no surprise that Salesforce paid a premium to buy a platform to manage this for customers more easily. Several months ago, it acquired Spiff, to help companies build out and manage incentive-based compensation schemes.
Salesforce Stock Slumps After ‘Total Mess' of Earnings, UiPath Tumbles, and Other Tech News Today
Tech stocks are under pressure for a second day after disappointing earnings and outlooks from software companies Salesforce and UiPath.
