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Salesforce.com (CRM) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-10-22 22:50
Salesforce.com (CRM) ended the recent trading session at $288.33, demonstrating a -1.02% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.05%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.18%.Prior to today's trading, shares of the customer-management software developer had gained 10.25% over the past month. This has outpaced the Computer and Technology sector's gain of 3.5% and the S&P 500's gain of 2.76% in that time.Analysts and ...
Starboard Value's Jeff Smith says Salesforce has 'a lot more to go' and can get more profitable
CNBC· 2024-10-22 15:42
Salesforce shares jumped 98% in 2023 in part after the business software maker increased its adjusted operating margin after Starboard Value and other activist investors raised concerns about the company's financial performance. Starboard now sees more room for improvement. "They've been doing a great job executing, improving their margins, moving up in the Rule of 40 or Rule of 50 for their for their industry, and we think there's a lot more to go," Starboard CEO Jeff Smith told CNBC's David Faber at the 1 ...
Salesforce Stock May Pop With Share Of $31 Billion AI Agent Market
Forbes· 2024-10-22 13:22
Core Insights - The emergence of agentic AI is expected to significantly impact enterprise software, with a projected global market revenue of $31 billion by the end of 2024 and a growth rate of 32% annually thereafter [2] - Salesforce's new service, Agentforce, is anticipated to enhance productivity for customers and potentially drive the company's stock to record highs, having already seen a 13% increase in 2024 [2] Company Performance - Salesforce reported Q2 fiscal year 2025 revenue of $9.33 billion, an 8.4% increase year-over-year, exceeding expectations by $100 million [3] - Adjusted earnings for the same quarter were $2.56 per share, up 14.8% and 20 cents higher than estimates, with net income reaching $1.43 billion, a 12.8% increase [3] - The revenue forecast for Q3 fiscal year 2025 is $9.335 billion, slightly below consensus, while the full-year revenue forecast is $37.85 billion, reflecting an 8.5% increase [3] Product Offering and Market Position - Agentforce, introduced by Salesforce, is designed to automate various business functions, outperforming traditional chatbots in areas like customer service and marketing [5] - The service has already shown effectiveness, with clients like BACA Systems and Wiley reporting significant improvements in productivity and customer service resolution rates [6] - Salesforce's pricing model for Agentforce is based on usage, charging $2 per conversation or sales lead, which aligns the company's interests with those of its customers [7] Competitive Landscape - Salesforce positions Agentforce as superior to Microsoft's Copilot, claiming that many customers are dissatisfied with Microsoft's offerings [8] - Microsoft, on the other hand, reports a 60% increase in customer adoption of Copilot, indicating strong market demand for its AI solutions [9] - Both companies are racing to enhance their AI capabilities, with Microsoft planning to roll out its own AI agents soon [9] Future Outlook - The success of agentic AI, including Salesforce's Agentforce, could significantly boost revenue and stock prices if it delivers on its promises without inaccuracies [10] - Gartner predicts that intelligent agents in AI will transform decision-making and improve organizational situational awareness through advanced data analysis [10]
Blue Shield of California, Salesforce Making Prior Authorization as Simple as Using a Credit Card
Prnewswire· 2024-10-21 13:05
Health plans rely on prior authorization to ensure certain recommended treatments and services are safe, evidence-based and high-value for their members. However, according to the American Medical Association's annual survey, 78% of physicians said issues with prior authorization can lead to patients foregoing care. This is in part due to outdated and inefficient healthcare industry processes:About two-thirds of prior authorization requests are submitted manually or partially manually, including by fax mach ...
Banzai Announces Expanded Partnership with Salesforce, Today's Industry Leading AI CRM Company for Smarter Webinar Campaigns
GlobeNewswire News Room· 2024-10-17 12:31
Core Insights - Banzai International, Inc. has announced significant enhancements to its Demio platform through deeper integration with Salesforce, aimed at improving webinar strategy for users [1][2][3] Group 1: Key Enhancements - The integration automates the syncing of webinar data, reducing manual processes and allowing marketers to focus on optimizing campaigns with real-time insights [2] - Key capabilities include automated list management, real-time UTM tracking, advanced search for list management, and custom field syncing [2] - Automated list management ensures that webinar registrants are added to targeted Salesforce Account Engagement lists, preventing lead loss [2] Group 2: Strategic Implications - Joe Davy, CEO of Banzai, highlighted that the upgraded integration offers a more scalable, data-rich experience, representing a strategic shift for better outcomes with less effort [3] - The enhancements set a new standard for webinar campaign management, aligning with the evolving needs of marketing teams [4] - Banzai's continuous innovation aims to integrate powerful features directly into users' workflows, promoting more strategic, data-driven marketing operations [4]
Salesforce: AI Moves That Defy Expectations
Seeking Alpha· 2024-10-16 15:37
With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.He leads the investing group Beyond the Wall Investing with features that include: a fundamentals-based portfolio, weekly analysis on insights from institutional investors, regular alerts for short-term trade ideas based on technical signals, ticker ...
Salesforce: Have You Seen The Latest Price Target Upgrade?
MarketBeat· 2024-10-16 13:00
Salesforce TodayCRMSalesforce$288.31 -3.33 (-1.14%) 52-Week Range$193.68▼$318.71Dividend Yield0.55%P/E Ratio50.14Price Target$310.74Add to WatchlistHaving hit a fresh high back in March, investors in Salesforce Inc NYSE: CRM would have been forgiven for thinking the uptrend was set to continue. The ever-popular enterprise software platform had rallied 150% to get there. But whereas the rest of the market continued to rally into, and through, the summer, Salesforce shares had shed about 35% of their value by ...
Salesforce's UK chief urges government not to regulate all AI companies in the same way
CNBC· 2024-10-11 08:01
Zahra Bahrololoumi, CEO of U.K. and Ireland at Salesforce, speaking during the company's annual Dreamforce conference in San Francisco, California, on Sept. 17, 2024.LONDON — The UK chief executive of Salesforce wants the Labor government to regulate artificial intelligence — but says it's important that policymakers don't tar all technology companies developing AI systems with the same brush.Speaking to CNBC in London, Zahra Bahrololoumi, CEO of UK and Ireland at Salesforce, said the American enterprise so ...
Salesforce: Harnessing AI To Elevate Customer Experiences
Seeking Alpha· 2024-10-09 20:45
My previous bullish thesis about Salesforce's (NYSE: CRM ) stock aged well, as the stock gained around 15% since July. This is far better compared to around 6% delivered by the broader U.S. stock market.I am a highly experienced Chief Financial Officer (CFO) with a strong background in the oilfield and real estate industries. With over a decade of experience in finance, I have led numerous complex due diligence efforts and M&A transactions, both domestically and internationally.In recent years, I have devel ...
Salesforce Inc (CRM)'s Winning Formula: Financial Metrics and Competitive Strengths
GuruFocus· 2024-10-08 15:01
Salesforce Inc (CRM, Financial) has recently captured the attention of investors and financial analysts with its strong financial performance. With a current share price of $287.52, Salesforce Inc has experienced a daily gain of 1.04% and an impressive three-month growth of 11.72%. A detailed analysis, supported by the GF Score, indicates that Salesforce Inc is poised for significant growth in the foreseeable future. What Is the GF Score? The GF Score is a proprietary stock performance ranking system devel ...