Customer relations management software specialist Salesforce (NYSE:CRM) is part of the recent trend of technology-company layoffs. Does this development change my bullish CRM stock forecast? No way! It’s perfectly fine to stay in the trade as Salesforce is still a premier provider of artificial intelligence (AI) enhanced software and services.Along with the planned workforce downsizing, prospective Salesforce stock traders should also consider the company’s insider share sales. But again, this doesn’t have ...

SAN FRANCISCO--(BUSINESS WIRE)--Salesforce (NYSE: CRM), the global leader in CRM, today announced that its fourth quarter and full fiscal year 2024 results will be released on Wednesday, February 28, 2024, after the close of the market. The company will host a conference call at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss its financial results with the investment community. A live webcast and replay of the event will be available on the Salesforce Investor Relations website at www.salesforce.com/investor. A ...

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?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Salesforce.com (CRM) .Salesforce.com currently has an average brokerage re ...

The Dow Jones Industrial Average is home to some of the world's largest companies, including Apple, JPMorgan Chase, and McDonald's. But in 2023, an unsuspecting software company topped the index as its best performer. Salesforce (CRM -0.79%) stock rose 98% in 2023 -- higher than any of its Dow Jones cohorts.The company's visionary CEO, Marc Benioff, could be viewed as a specialist in mergers and acquisitions. Although Salesforce has long been a staple for sales and marketing professionals, the company is qu ...

Stephen Lam Salesforce (NYSE:CRM) is the number one enterprise software company with a 22% share of the market followed by MSFT (MSFT) at 5.7% and Oracle (ORCL) at 4.7%. It is also the number three software company, in this category trailing Microsoft and Oracle. Though number one in the category it dominates it clearly has plenty of room to expand. It has an estimated Total Addressable Market with a self-generated figure of $290 billion by 2026. Trailing Q3 2023 (2024 FY) revenues were about $34 billio ...

Salesforce.com (CRM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this customer-management software developer have returned +6.4% over the past month versus the Zacks S&P 500 composite's +2.5% change. The Zacks Computer - Software industry, to which Salesforce.com belongs, has gained 6.8% over this period. Now the key question is: Where could the stock be headed in the nea ...

The past year was rough yet again for cloud software stocks. Facing down the second year of a bear market in which customers got picky with their spending, all the while dealing with new investor demands to refocus on profitability, many apps and software vendors didn't make the cut.But then there are businesses like HubSpot (HUBS 1.42%). While it's still down significantly from all-time highs, the stock rallied in grand fashion in 2023, and continues to outperform its giant peer Salesforce (CRM 1.19%) over ...

Mike Coppola/Getty Images Entertainment I am growing increasingly convinced that Salesforce, Inc. (NYSE:CRM) is on a path to become the next Microsoft Corporation (MSFT). Specifically, CRM has assembled a wide and deep product portfolio and has demonstrated a strong commitment to driving profitable growth. The company maintains a net cash balance sheet and has shown incredible operating margin expansion. While top line growth looks poised to slow moving forward, I expect the market to continue rewarding the ...

Key TakeawaysSalesforce is reportedly laying off 700 workers or around 1% of its workforce, in the latest of a series of job cuts.The move comes after a wave of layoffs by other big tech firms including Google, Amazon, and Microsoft.Last January, Salesforce cut around 10% of its workforce to rebalance following a pandemic-era hiring boom.Salesforce (CRM) shares ticked 0.6% higher in intraday trading Friday following reports it's laying off 700 workers or around 1% of its workforce, in the latest of a series ...

Salesforce is reportedly laying off 700 employees, or about 1% of its workforce.The cuts are being made across the company, The Wall Street Journal (WSJ) reported Friday (Jan. 26), citing an unnamed source.Salesforce did not immediately reply to PYMNTS’ request for comment.The company still has 1,000 jobs open, suggesting this is a routine adjustment of the workforce and Salesforce aims to redirect its spending to other areas, according to the report.Salesforce laid off 8,000 employees, or 10% of its staff, ...