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S&P 500 Gains and Losses Today: Salesforce Stock Pops as AI Offering Impresses
Investopedia· 2024-12-04 22:30
Key TakeawaysThe S&P 500 added 0.6% on Wednesday, Dec. 4, 2024, with tech stocks leading the way higher as investors parsed comments from Fed Chair Jerome Powell.Salesforce shares surged as analysts reacted favorably to the cloud-based software provider's upbeat sales and profit outlook.Shares of Campbell's fell after the snack maker missed quarterly sales estimates and announced the departure of its CEO. Major U.S. equities indexes moved higher Wednesday, boosted by outperformance from the technology secto ...
Analysts Are Bullish on Salesforce After Early Agentforce Interest
Investopedia· 2024-12-04 17:06
Key TakeawaysAnalysts raised their price targets after Salesforce improved its full-year outlook.Agentforce, the company's autonomous AI offering, has seen "healthy early interest" since sales began in October, analysts said. Shares of Salesforce jumped Wednesday and have gained nearly 38% this year. Salesforce (CRM) shares are up after the company raised its full-year outlook Tuesday, and analysts are offering increasingly bullish price targets. Stifel maintained its “outperform” rating and raised its pri ...
Salesforce shares jump on earnings beat and strong AI deals pipeline
CNBC· 2024-12-04 16:50
Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Shares of Salesforce popped more than 8% Wednesday, a day after the company reported third-quarter results that exceeded analysts' estimates for revenue and guidance and showed strong promise for its artificial intelligence offerings.Salesforce's revenue grew 8% year over year to $9.44 billion in its third quarter, up from the $9.34 billion expected by LSEG. The company's net income was $1 ...
Private Payrolls Increased Less Than Expected
ZACKS· 2024-12-04 16:31
Pre-market futures have remained in the green following a key inflation report this morning ahead of the open. The Dow leads the way, +170 points — which has plenty to do with double-digit gains from Salesforce ((CRM) yesterday afternoon — while the S&P 500 and the Nasdaq, fresh off another all-time closing high Tuesday, are up +18 points and +145 points, respectively.ADP Reaches 146K: Smaller than Expected; Manufacturing -26KThis morning, Jobs Week continues with the release of monthly private-sector payro ...
Salesforce shares boosted by strong early demand for Agentforce, analysts raise price target
Proactiveinvestors NA· 2024-12-04 16:28
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
The Salesforce Rally is Just Getting Started: Here's Why
MarketBeat· 2024-12-04 14:18
Salesforce’s NYSE: CRM Q3 results and guidance weren’t spectacular compared to the analysts' forecasts, but beauty depends on perspective; it is in the eye of the beholder. Despite delivering mixed results, Salesforce proved its leadership position in CRM remains intact and can sustain long-term profitable growth. Critical details include nearly 10% growth in the core business driven by the 4th industrial revolution. The fourth industrial revolution is centered on technology and accelerated by AI. Salesfor ...
Salesforce And Marvell Deliver Strong Earnings; Amazon Moves In On Nvidia
Forbes· 2024-12-04 14:10
Amazon is introducing an AI chip intended to compete with Nvidia. (Photo by Cesc Maymo/Getty Images)Getty ImagesKey Takeaways Markets Remain Calm Despite South Korea's Marshall Law And Repeal AI Stocks Surge With Salesforce And Marvell Leading Gains Amazon Challenges Nvidia With New AI Chips And PartnershipsStocks were little changed on Tuesday in one of the lightest trading days of the year. All of the major indices were relatively unchanged on a day that began with jolting news out of South Korea. Today, ...
Salesforce Stock Spikes On Agentforce — A Possible AI Killer App
Forbes· 2024-12-04 14:01
TOPSHOT - A super blue blood moon is seen setting behind Salesforce Tower in San Francisco, ... [+] California before dawn on January 31, 2018. Stargazers across large swathes of the globe — from the streets of Los Angeles to the slopes of a smouldering Philippine volcano — had the chance to witness a rare "super blue blood Moon" Wednesday, when Earth's shadow bathed our satellite in a coppery hue. / AFP PHOTO / JOSH EDELSON (Photo credit should read JOSH EDELSON/AFP via Getty Images)AFP via Getty ImagesSal ...
Salesforce Q3 Earnings Miss Estimates, Stock Up on Upbeat Sales View
ZACKS· 2024-12-04 13:55
Salesforce, Inc. (CRM) reported mixed third-quarter fiscal 2025 results, wherein revenues surpassed the Zacks Consensus Estimate but earnings per share (EPS) missed the same. Its non-GAAP EPS of $2.41 fell short of the consensus mark of $2.43. However, the figure increased 14% year over year, driven by higher sales and the benefits of ongoing cost-restructuring initiatives, which include the trimming of the workforce and a reduction in office spaces.Stay up-to-date with all quarterly releases: See Zacks Ear ...
Salesforce: Disconnect Between Valuation And Results Amid An 'Agentforce Dream'
Seeking Alpha· 2024-12-04 12:54
Salesforce (NYSE: CRM ) shares are up over 10% in pre-market hours following a relatively mediocre quarter in terms of actual numbers, as investors and analysts are excited about the company's Agentforce future.I aim to invest in companies with perfect qualitative attributes, buy them at an attractive price based on fundamentals, and hold them forever. I hope to publish articles covering such companies approximately 3 times per week, with extensive quarterly follow-ups and constant updates.I manage a concen ...