In the last week of May, SaaS stocks faced a reckoning. A revenue miss by Salesforce (NYSE:CRM) triggered one of the sector’s severest selloffs in two years. However, investors have been throwing out the baby with the bath water, creating some attractive SaaS stocks to buy.In hindsight, the selloff in SaaS was slowly brewing under the hood. Over the last three months, the iShares Expanded Tech-Software Sector ETF (BATS:IGV) fell nearly 10% and lagged the S&P 500. Indeed, investors have been assessing the ri ...

Have you evaluated the performance of Salesforce.com's (CRM) international operations for the quarter ending April 2024? Given the extensive global presence of this customer-management software developer, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and traj ...

The cloud software giant just disappointed a lot of investors.Salesforce's (CRM 7.54%) stock price plunged 20% on May 30 after the company released its latest earnings report, marking its steepest one-day decline in 20 years. For the first quarter of fiscal 2025, which ended on April 30, the cloud software giant's revenue rose 11% year over year to $9.13 billion but missed analysts' estimates by $40 million. That marked its first top-line miss since 2006. Its adjusted EPS increased 44% to $2.44 and cleared ...

BRAZIL - 2024/05/30: In this photo illustration, the Salesforce logo is seen displayed on a laptop ... [+] screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesSalesforce stock (NYSE: CRM) dropped 21.6% on 30th May, as compared to the 1% decrease in the S&P500. In sharp contrast, Salesforce’s peer Oracle (NYSE: ORCL) stock was down only 5% over the same period. The sharp drop in the CRM stock price came after the company declared its ...

All three companies recently started a dividend program.Several big tech companies have announced new dividends this year, with Salesforce (CRM -19.74%), Alphabet (GOOG -2.17%) (GOOGL -2.15%), and Meta Platforms (META -1.54%) all initiating their first dividends. While the payouts on these new dividends aren't drastic, they are the start of something much larger.Which one of these is the new dividend payers is the best buy now?The dividend yields aren't anything dramaticMeta was the first of the trio to ann ...

Investment Rating - The report maintains a BUY rating for Salesforce with a target price of US$335.00, down from the previous target of US$350.00, reflecting a 53.7% upside from the current price of US$218.01 [2][3][9]. Core Insights - Salesforce's total revenue for 1QFY25 grew by 11% YoY to US$9.13 billion, aligning with consensus estimates, while non-GAAP operating income increased by 29% YoY to US$2.93 billion [2]. - The company's cRPO growth rate has moderated to 10% YoY in 1QFY25, down from 12% in 4QFY24, attributed to a more cautious buying behavior from clients and organizational changes [2]. - Management has adjusted FY25 subscription and support revenue growth guidance to slightly below 10%, while maintaining non-GAAP operating margin guidance at 32.5% [2][7]. Revenue and Profitability - Revenue forecasts for FY25E, FY26E, and FY27E have been revised down by 1-2% due to persistent headwinds affecting bookings growth [2][7]. - The adjusted net profit for FY25E is projected at US$9.32 billion, reflecting a 15.3% YoY growth [3][12]. - Non-GAAP operating margin improved to 32.1% in 1QFY25, driven by efficiency gains in sales and marketing [2][12]. Segment Performance - Sales/Service Cloud revenue grew by 10% and 11% YoY to US$2.0 billion and US$2.2 billion, respectively, while Integration and Analytics Cloud revenue surged by 24% YoY to US$1.4 billion [2]. - Data cloud solutions are gaining traction, with strong demand supported by generative AI, contributing to 25% of Salesforce's million-dollar-plus deals in 1QFY25 [2][9]. Market Position and Valuation - Salesforce's valuation is based on a target EV/EBITDA of 20x FY25E, which is at a discount to the sector average of 25x, reflecting the company's transition into a more mature earnings growth phase [9][10]. - The company has established the Zero Copy Partner Network with major tech firms, enhancing its data cloud capabilities and positioning it favorably for future growth [2][9].

2024 年 5 月 31 日 CMB 国际全球市场 | 股票研究 | 公司更新 Salesforce (CRM US) cRPO 增长因宏观逆风而放缓 目标价 335.00 美元 Salesforce 公布了 25 季度的财务业绩 ： 总收入同比增长 11%，达到 91.3 亿美元，符合普遍 (先前 TP US $350.00) 预期 ； 非 GAAP 营业收入同比增长 29%，达到 29.3 亿美元，符合普遍预期。市场担心其 上涨 / 下跌 53.7% cRPO 增长率在 1QFY25 （ 4QFY24 ： 同比增长 12 ％ ） 下降至 10 ％，低于公司指导 （ 同比增长 11 ％ ），这主要是由于客户的购买行为和 Salesforce 的变化进入市场组织。鉴于 CurrentPrice US $218.01 宏观逆风，管理层将 FY25 订阅和支持收入增长指导下调至略低于 10% （ 之前 ： 同比增长 中国互联网 10% ），同时保持非 GAAP 营业利润率指导不变。由于预订增长的持续逆风，我们将 FY25 - Saiyi He, CFA 27E 总收入预测下调 1 - 2% 。我们将 25 财年 ...

Salesforce reported weak first-quarter growth and cut guidance in some metrics.Shares of Salesforce (CRM -19.74%) were taking a dive today after the cloud software giant posted disappointing results in its first quarter and offered underwhelming guidance.As a result, the stock finished today's session down 19.7%. Salesforce comes up shortRevenue in the quarter rose 11%, but that came up short of the consensus at $9.15 billion. Subscription and support revenue rose 12% to $8.59 billion, and remaining perform ...

Key TakeawaysSalesforce stock was down 20% in trading late Thursday after the company delivered weak first-quarter earnings the day before.The drop in the CRM company was dragging on the broader index it's a part of, with the Dow Jones Industrial Average down roughly 300 points.Exchange-traded funds were also hurt, with the iShares Expanded Tech-Software Sector ETF off more than 5% due to a large Salesforce exposure. Salesforce (CRM) stock is on course for its worst one-day loss since 2004, hurting the Dow ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...