SUN VALLEY, IDAHO - JULY 12: Marc Benioff, Chief Executive Officer of Salesforce, walks with other ... [+] attendees as they leave a morning session at the Allen & Company Sun Valley Conference on July 12, 2023 in Sun Valley, Idaho. Every July, some of the world's most wealthy and powerful figures from the media, finance, technology and political spheres converge at the Sun Valley Resort for the exclusive weeklong conference. (Photo by Kevin Dietsch/Getty Images)Getty ImagesSalesforce’s stock has lost 10% o ...

My November 2024 'Strong buy' call aged well because Salesforce (NYSE: CRM ) stock delivered a 10% return since then. The broader market also demonstrated positive performance over the same period, but S&P 500 grew slower. I remain confident in CRM'sComing from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental analysis of public companies p ...

For Immediate ReleasesChicago, IL – February 10, 2025 – Zacks.com announces the list of stocks and ETFs featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include, Salesforce Inc. (CRM) , Qualcomm Inc. (QCOM) , Verint Systems Inc. (VRNT) , Varonis Systems Inc. (VRNS) and S&P Global Inc. (SPGI) .Here are highlights from Monday’s Analyst Blog:5 Big Data Providers to Buy o ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...

Salesforce, Inc. (CRM) has been on a remarkable rally, rising 32.8% over the past six months despite broader market volatility. This impressive gain outpaces the Zacks Computer – Software industry’s 9% rise and the S&P 500’s 15.3% increase. Even tech giants like Microsoft Corporation (MSFT) , Intuit Inc. (INTU) and Adobe Inc. (ADBE) haven’t matched Salesforce’s recent performance, cementing its position as a leader in enterprise software.One-Month Price Return PerformanceImage Source: Zacks Investment Resea ...

Big Data refers to vast and diverse collections of structured, unstructured and semi-structured data that inundate businesses on a day-to-day basis. It encompasses the volume of information spurred by digital technology advancements, the velocity or speed at which it is created and collected, and the variety or scope of the data points being covered (known as the "three V's" of Big Data). Over the past few years, three additional V's have gained precedence - value, variability and veracity.The big data spac ...

Shares of Salesforce (CRM) were trading lower on Thursday. The company's stock lost 4.5% as of 3:30 p.m. ET but was down as much as 5.4% earlier in the day. The move down comes as the S&P 500 gained 0.1% and the Nasdaq composite gained 0.2% on the day.Salesforce stock took a hit after the sales software giant announced on Wednesday evening that longtime President and COO, Brian Millham, would be retiring.Change in leadershipBrian Millham was with Salesforce for 25 years. Stepping into a newly created role t ...

Core Insights - Salesforce announced that Robin Washington, former finance chief of Gilead Sciences, will join as president and chief financial and operating officer in March, replacing Amy Weaver and Brian Millham, who will retire in May [1][2][3] - Under Weaver's leadership, Salesforce improved its adjusted operating margin earlier than expected due to pressure from activist investors [2] - Washington has been a board member since 2013 and has served as lead independent director since 2022, bringing extensive experience from her previous roles at Gilead, Hyperion, and PeopleSoft [3][5] Leadership Changes - Robin Washington will replace Amy Weaver as finance chief and Brian Millham as operating chief, with both retiring in May [1][2] - Arnold Donald, former CEO of Carnival, will take over as lead independent director [3] - Millham has been with Salesforce since its inception and took on additional responsibilities after the departure of co-CEO Bret Taylor in early 2023 [6] Strategic Direction - CEO Marc Benioff highlighted Washington's visionary leadership and expertise, indicating her role will be crucial in guiding Salesforce into the "Agentforce era," which focuses on automating sales and customer service processes [4][3] - Washington's background includes significant roles in finance at major software companies, which aligns with Salesforce's strategic goals [5]

Group 1: Company Performance - Salesforce.com closed at $344.14, with a daily increase of +1.44%, outperforming the S&P 500's gain of 0.72% [1] - Over the last month, Salesforce.com shares increased by 2.64%, while the Computer and Technology sector experienced a loss of 1.35% [1] Group 2: Upcoming Earnings - Salesforce.com is projected to report earnings of $2.60 per share, reflecting a year-over-year growth of 13.54% [2] - The consensus estimate for revenue is $10.04 billion, indicating an 8.06% increase compared to the same quarter last year [2] Group 3: Analyst Estimates and Rankings - Recent changes in analyst estimates for Salesforce.com suggest a favorable outlook on the company's business health and profitability [3] - The Zacks Rank system currently rates Salesforce.com at 2 (Buy), with a 0.19% rise in the Zacks Consensus EPS estimate over the past month [5] Group 4: Valuation Metrics - Salesforce.com has a Forward P/E ratio of 30.39, which is a discount compared to the industry's average Forward P/E of 31 [6] - The company has a PEG ratio of 2.05, while the Computer - Software industry has an average PEG ratio of 2.24 [6] Group 5: Industry Context - The Computer - Software industry is ranked 139 in the Zacks Industry Rank, placing it in the bottom 45% of over 250 industries [7] - Research indicates that top-rated industries outperform the bottom half by a factor of 2 to 1 [7]

Salesforce is reportedly eliminating over 1,000 jobs while hiring staff to sell its artificial intelligence products.Workers who are displaced will be able to apply for other roles within the company, Bloomberg reported Monday (Feb. 3), citing unnamed sources.It wasn’t clear which divisions were affected by the layoffs, the report said. Salesforce, a provider of customer management software, had nearly 73,000 employees as of January 2024, when its previous fiscal year closed.Salesforce did not respond to PY ...