|Bid||242.15 x 1000|
|Ask||243.00 x 2200|
|Day's Range||238.71 - 248.11|
|52 Week Range||115.29 - 284.50|
|Beta (5Y Monthly)||1.24|
|PE Ratio (TTM)||93.70|
|Earnings Date||Dec 01, 2020 - Dec 07, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||273.42|
In a case of bizarre timing, Salesforce announced it was laying off 1,000 employees at the end of last month just a day after announcing a monster quarter with over $5 billion in revenue, putting the company on a $20 billion revenue run rate for the first time. Earlier today, Salesforce CEO and co-founder Marc Benioff announced in a tweet that the company would be hiring 4,000 new employees in the next six months, and 12,000 in the next year. Salesforce will add 4K jobs over the next 6 mos & 12K over the next year.
A large options player which some market watchers call the "Nasdaq whale" unwound bets on several technology-related companies on Friday after the sector's recent sell-off. The investor closed a position in a bullish call options spread on Adobe Inc at a loss of roughly $200,000. Adobe shares ended 1.4% lower at $467.55 as U.S. stocks fell broadly.
It's official: Snowflake (NYSE: SNOW), a company most investors had never even heard of just a few months ago, has become the largest software IPO in history. On Wednesday, the company raised a net of more than $3.25 billion in cash and counts among its new investors a diverse group from Warren Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) to software-as-a-service giant salesforce.com (NYSE: CRM).