What to Watch Out For After Salesforce Stock's Post-Earnings Plunge
salesforce(CRM) investopedia.com·2024-05-30 02:05
Key TakeawaysSalesforce shares plunged more than 16% in extended trade on Wednesday after the company reported its first quarterly revenue miss in 18 years and issued weak annual guidance.The Salesforce share price finds key support at $226 and $192 from key horizontal trendlines connecting prior price action.The cloud software maker’s current Remaining Performance Obligation (cRPO) metric, which combines deferred revenue and order backlog, indicates slowing momentum.Chief operating officer Brian Millham to ...