Key TakeawaysSalesforce is expanding its reach into data security by purchasing startup Own for $1.9 billion in cash.The cloud software company said that with the advent of artificial intelligence, customers are increasingly aware of data security needs.The deal is expected to close during Salesforce's fiscal fourth quarter of 2025. Salesforce (CRM) is expanding its reach into data security by purchasing startup Own for $1.9 billion in cash. Salesforce President Steve Fisher said the acquisition would add t ...

Close-up of Salesforce Tower sign with logo visible against a backdrop of skyscrapers, San ... [+] Francisco, California, August 20, 2024. (Photo by Smith Collection/Gado/Getty Images)Gado via Getty ImagesSalesforce stock (NYSE: CRM) has lost 6% YTD, as compared to the 16% rise in the S&P 500 over the same period. Overall, at its current price of $248 per share, it is trading roughly 20% below its fair value of $307 – Trefis’ estimate for Salesforce’s valuation. CRM stock has been on an upward trajectory in ...

Marc Benioff, CEO of Salesforce.com, speaks during a keynote at the Dreamforce 2023 conference in San Francisco on Sept. 12, 2023.Salesforce announced Thursday that it would pay $1.9 billion in cash for Own Co., a startup specializing in tools for backing up data in cloud-based applications. Salesforce intends to close the deal in the quarter ending in January 2025 if regulators give it their blessing, according to a statement.The startup, formerly known as OwnBackup, was valued at $3.35 billion in a 2021 f ...

Salesforce has acquired Own Company, a provider of data management and protection solutions, for $1.9 billion in cash. In a press release, Salesforce GM Steve Fisher said that Own “underscores [Salesforce’s] commitment to providing secure, end-to-end solutions that protect our customers’ most valuable data.” “Data security has never been more critical, and Own’s proven expertise and products will enhance our ability to offer robust data protection and management solutions to our customers,” he continued.En ...

Middletown, Connecticut, USA, Sept. 05, 2024 (GLOBE NEWSWIRE) -- (Middletown, Conn. September 5, 2024) – Liberty Bank, headquartered in Middletown, Connecticut, announced today that it is expanding its relationship and investment with Salesforce, the #1 AI CRM, to help enable Liberty Bank to better connect with customers. Liberty Bank will be using products including Financial Services Cloud, Marketing Cloud, MuleSoft and Salesforce Shield to fuel its ability to deliver personalized, enhanced and efficient ...

Salesforce CRM stock price is capped at a critical resistance point and may not set new highs soon. The Q2 results are great, including improved guidance, but the market must overcome headwinds. Among them are slowing growth, macroeconomic conditions, and the oh-so-tricky September trading outlook. September is a tough month for stocks, typically highlighted by volatility, if not lower prices, and there is ample risk with the FOMC and inflation in focus.  The takeaway for investors is that CRM shares will l ...

Salesforce is acquiring Tenyx, the latest sign of the company’s growing artificial intelligence ambitions.The customer relationship management company will use Tenyx’s expertise in developing AI-powered voice agents to advance its own AI solutions, according to a Tuesday (Sept. 3) press release.“Upon close of the acquisition, Tenyx will extend Salesforce’s existing autonomous agent capabilities for Agentforce Service Agent by integrating Tenyx’s innovative voice AI solutions, specifically tailored for servi ...

Despite a strong start to the year, shares of tech titan Salesforce Inc. NYSE: CRM have been having a lackluster end to the summer. They gained 150% through the start of March before falling more than 30% in June due to some dodgy earnings. Salesforce TodayCRMSalesforce$248.06 -4.84 (-1.91%) 52-Week Range$193.68▼$318.71Dividend Yield0.65%P/E Ratio44.62Price Target$304.41Add to WatchlistSince then, they’ve been working hard to reclaim their reputation as one of the hottest software stocks to own. As of Tuesd ...

Which of these cloud-driven stocks is a better investment right now?Salesforce (CRM -1.91%) and MongoDB (MDB -2.61%) represent two different ways to invest in the growing cloud market. Salesforce is the world's largest provider of cloud-based customer relationship management (CRM) services, and it provides additional marketing, e-commerce, analytics, and enterprise collaboration services. MongoDB helps companies organize their unstructured data with its database services.Over the past five years, Salesforce ...

Salesforce has a lot of potential upside.While the companies building out data center infrastructure have greatly benefited from the artificial intelligence (AI) boom, one question on investors' minds is: When will this translate to growth for software companies?Salesforce (CRM -1.60%) is one such company grappling with this issue as it looks for AI to help reinvigorate growth.With the customer-relationship management (CRM) software company recently reporting its Q2 results, let's take a closer at how it is ...