Is Salesforce Stock a Buy Now?
salesforce(CRM) The Motley Fool·2024-06-03 09:10
The cloud software giant just disappointed a lot of investors.Salesforce's (CRM 7.54%) stock price plunged 20% on May 30 after the company released its latest earnings report, marking its steepest one-day decline in 20 years. For the first quarter of fiscal 2025, which ended on April 30, the cloud software giant's revenue rose 11% year over year to $9.13 billion but missed analysts' estimates by $40 million. That marked its first top-line miss since 2006. Its adjusted EPS increased 44% to $2.44 and cleared ...