It’s another eventful week for trade participants: even though it feels as if Q4 earnings season is winding down, we still expect results from important companies this week like Salesforce ((CRM) , Hewlett Packard ((HPQ) , ((HPE) in the latter half and Zoom Video ((ZM) after the closing bell today. For economic prints, the all-important Personal Consumption Expenditures (PCE) on Thursday will take center stage, as it is the Fed’s favored metric for tracking inflation.But we’ll also see Durable Goods Orders, ...

Salesforce Key StatsEstimate for Q4 FY 2024Actual for Q3 FY 2024Actual for Q4 FY 2023Net Income$1.26B$1.22B($98M)Diluted EPS$1.29$1.25($0.10)Revenue$9.2B$8.72B$8.38B The Key Metric: Data Cloud Revenue Salesforce announced its Einstein GPT, the first generative AI tool for customer relationship management, roughly a year ago. Since that time, the company has pushed for development of AI offerings across many of its products. Driving this shift toward AI-powered enterprise apps is the company's data cloud ...

Salesforce (NYSE:CRM) stock is a hot topic among traders on Monday after Jefferies analysts increased their price target for the sales data company’s shares.Jefferies analysts increased their price target for CRM stock by $25 from $325 per share to $350 per share. That represents a potential increase of 19.5% compared to the stock’s prior closing price. In addition to that, this price target is well above the analysts’ consensus price prediction of $269.86 per share.In addition to this price target increase ...

Salesforce (CRM) is slated to report fourth-quarter fiscal 2024 results on Feb 28. The cloud-based software maker’s fourth-quarter performance is expected to have benefited from the positive demand environment as customers are continuing with cloud migration and digital transformation initiatives despite the current macroeconomic headwinds.Click here to know how CRM’s overall fiscal fourth-quarter results are likely to be.Digitalization Initiatives to Boost Q4 RevenuesThe growing demand for generative artif ...

CNBC's Jim Cramer on Friday guided investors through next week's market action, advising them to pay attention to earnings reports from companies including Salesforce, Snowflake and Domino's."I don't know if the rosy hue from Nvidia has staying power for next week," Cramer said. "But there are plenty of good companies here that can carry a torch for the averages."On Monday, Domino's Pizza reports earnings, and Cramer said he thinks the chain's earnings will be positive and "the king of pizza" can reclaim it ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Salesforce.com (CRM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Salesforce.com currently has an avera ...

Wall Street analysts expect Salesforce.com (CRM) to post quarterly earnings of $2.26 per share in its upcoming report, which indicates a year-over-year increase of 34.5%. Revenues are expected to be $9.21 billion, up 9.9% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings disclosure, it is crucial to gi ...

Salesforce (CRM) is scheduled to release fourth-quarter fiscal 2024 results on Feb 28.For the fiscal fourth quarter, the company projects total revenues between $9.18 billion and $9.23 billion (midpoint $9.205 billion). Non-GAAP earnings are expected between $2.25 and $2.26 per share.The Zacks Consensus Estimate for revenues is pegged at $9.21 billion, indicating an increase of 9.9% from the year-ago quarter’s reported figure. The consensus mark for earnings is pegged at $2.26 per share, implying a year-ove ...

Earnings season for the fourth and final quarter of 2023 is drawing to a close, with many big names having already reported. Earnings season has been strong so far. In fact Q4 has proven to be the strongest quarter of 2023. With 79% of companies in the S&P 500 index having reported their financial results, 75% reported better-than-expected earnings and 65% beat expectations on revenue, according to FactSet. The strong financial results across Corporate America have helped to sustain the stock market rally a ...

Cloud computing remains one of the fastest growing areas of tech. The global cloud computing market is forecast to grow from about $500 billion today to $2.49 trillion by 2032. As organizations and individuals produce more data, the need for cloud computing data storage will grow in the coming years. Further, artificial intelligence (AI) is expected to supercharge demand for cloud computing moving forward. With so much demand and growth, big opportunity are afoot for investors who want to gain exposure to c ...