Key TakeawaysSalesforce shares tumbled after the company reported first-quarter sales that missed estimates and offered weaker-than-expected guidance for the second quarter, leading analysts to lower their price objectives for the stock.Analysts at Bank of America, Jefferies, CFRA, and Wedbush dropped their price targets after Salesforce's earnings release.However, several maintained "buy" ratings, and noted that Salesforce could benefit longterm from enterprise customers' AI plans. Salesforce (CRM) shares ...

It’s been a chaotic season of earnings for certain technology companies, many of which had their share prices and expectations coming in way too hot ahead of their big reveals. Undoubtedly, the generative artificial intelligence (gen AI) run-up is alive and well, with GPU demand still as scorching as ever. As mega-cap enterprises fill their orders, though, questions linger about when some of the software laggards in gen AI will start to pick up speed. In any case, other oversold AI software plays have come ...

Salesforce (CRM) shares were trading nearly 16% lower in Thursday’s pre-market trading session as the company reported mixed first-quarter fiscal 2025 results, wherein non-GAAP earnings surpassed the Zacks Consensus Estimate, but revenues fell short of the same.The customer relationship management software maker also provided weak sales and earnings guidance for the second quarter, turning investors increasingly cautious about its near-term prospects. A dim second-quarter outlook signals a slowdown in cloud ...

An Exxon gas station sign is seen on October 06, 2023 in the Brooklyn borough of New York City.Four years ago, Exxon Mobil's reign as the longest serving component in the Dow Jones Industrial Average came to an abrupt end, when the oil major was replaced by Salesforce in the biggest shakeup in years.The reshuffling of the Dow in August 2020 was seen as a sign of the times, with the energy sector struggling from a total collapse in oil prices into negative territory during the Covid-19 pandemic, while techno ...

Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm.The company could lose more than $48bn in market value if losses hold, as it also reported quarterly revenue that was below expectations for the first time since 2006.“Weak bookings in Q1 further test investor patience as the GenAI [generative AI] innovation cycle has yet to inflect top-lin ...

Key PointsSalesforce stock plunged following tepid guidance, opening up a once-in-a-lifetime opportunity for investors. The company is still growing and widening its margin, setting it up for robust capital return.Analysts are trimming targets, not dumping the stock so that a rebound could begin soon. 5 stocks we like better than SalesforceSalesforce 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- ...

Salesforce posted its first revenue miss since 2006, and the stock is sufferingSalesforce 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 reported its first quarterly revenue miss since 2006, issued weaker-than-expected guidance, and saw budget scrutiny and longer deal cycles for the quarter. Options traders are flooding CRM in response. So far, 54,000 calls and 59,00 ...

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. As a consequence, a number of experts are questioning whether the firm can compete effectively in the artificial intelligence (AI) focused tech landscape.Salesforce develops and markets software for companies and governments.Salesforce’s Multiple MissesThe tech giant expects its sales to be between $9.2 billion an ...

Marc Benioff, co-chief executive officer of Salesforce.com Inc., speaks during a Bloomberg Television interview at the 2022 Dreamforce conference in San Francisco, California, US, on Thursday, Sept. 22, 2022. Benioff shared his excitement over data indicating a decrease in San Francisco's total homeless population. Photographer: David Odisho/Bloomberg via Getty ImagesShares of Salesforce tumbled more than 17% in premarket trading Thursday, putting the stock on pace for its worst day since 2008.The drop come ...

Core Insights - Salesforce acquired Spiff for $419 million, which includes $374 million in cash, to enhance its management of incentive-based compensation schemes for customers [1][2] - The acquisition follows Salesforce's first revenue miss in nearly 20 years, reporting quarterly revenues of $9.13 billion against analyst expectations of $9.15 billion [1][3] Acquisition Details - Spiff was last valued at $260 million in May 2023 before the acquisition announcement in December 2023, with the deal closing in February 2024 [2] - Spiff has raised approximately $110 million from various investors, including Salesforce, Lightspeed Venture Partners, and Norwest Ventures [2] Market Context - The acquisition reflects a trend where stronger companies are still able to command high prices despite a challenging funding environment for startups [3] - Spiff reported significant growth, doubling its customer base to 1,000 and achieving 100% revenue growth in the last year, with an overall revenue increase of 800% since its founding during the pandemic [3] Strategic Focus - Spiff has developed AI-based no-code, self-service tools aimed at helping customers create sales commission schemes, which aligns with Salesforce's goals to grow its revenue [4] - Salesforce recorded $323 million in goodwill related to the acquisition, indicating the value of the assembled workforce and market opportunities, along with $52 million in intangible assets attributed to Spiff's technology and customer base [4]