Commodity Channel Index
|Bid||172.86 x 1400|
|Ask||173.02 x 1000|
|Day's Range||171.23 - 174.90|
|52 Week Range||115.29 - 195.72|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||1,154.87|
|Earnings Date||Aug 20, 2020 - Aug 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||198.50|
When Salesforce announced it was acquiring Vlocity for $1.33 billion in February, it was a deal that made sense for both companies. Today, the company announced that the deal has closed and Vlocity CEO David Schmaier has been named CEO of a new division called Salesforce Industries. Vlocity has built several industry-specific CRM tools such as media and entertainment, healthcare and government on top of the Salesforce platform.
A new report outlines how and why U.S. financial regulators, who are responsible for protecting the stability and competitiveness of the U.S. economy, need to recognize and act on climate change as a systemic risk
Salesforce is part of an elite group of stocks in 2020 - it's among the 29% of S&P 500 components that are up since the start of the year. Salesforce is up 6.2% since the calendar flipped to January. Excluding one-time charges, earnings per share were 70 cents, more or less in line with what analysts were expecting on average.
The stock market was underwhelmed despite strong results from major retailers. In this episode of Motley Fool Money, Chris Hill is joined by Motley Fool analysts Jason Moser and Ron Gross to go through the latest headlines from Wall Street, employment figures, the change in people's spending habits, and corporate debt. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
If you rebuild the workplace after COVID-19, will the workers ever come back? In Silicon Valley, the answer from many tech companies is that many won’t, and maybe that is a good thing.
Salesforce.com Inc. shares were down 3% in after-hours trading Thursday after the enterprise-content platform reported fiscal first-quarter results that were largely in line with Wall Street estimates but offered guidance that fell short.
The global death toll from the coronavirus that causes COVID-19 climbed above 360,000 on Friday, as Brazil, South Korea, the Philippines, Iran and Portugal all reported spikes in infections.
Both were greeted with derision and a cascade of selling from the flock of disappointed souls. I'm going the other way, the way history tells us to go.
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared. The Dow ended the session slightly lower, but all three indexes rose for the week and registered a second straight month of gains.
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared. The Dow ended the session slightly lower, but all three indexes registered gains for the month and the week. The S&P 500 initially extended losses after Trump said he was directing his administration to begin the process of eliminating special treatment for Hong Kong in response to China's plans to impose new security legislation in the semi-autonomous territory.
The coronavirus stock market rally faced China tensions and a mini-sector rotation, but growth stocks did OK after some wild swings.
In spite of a positive quarter with record revenue that beat analysts' estimates, Salesforce stock was taking a hit today because of lighter guidance. Wall Street is a tough audience. The guidance, which was a projection for next quarter's earnings, was lighter than what the analysts on Wall Street expected.
Salesforce (NYSE:CRM), the company behind market-leading customer relationship management software, has been one of the biggest wheelers and dealers in tech for years now. And for longtime shareholders, CRM stock has been one of the biggest winners.Source: Bjorn Bakstad / Shutterstock.com Led by forward-thinking and acquisition-happy founder and CEO Marc Benioff, CRM stock has rocketed from under $4 a share in 2004, to all-time highs around $195 a share earlier this year.The company just released earnings, and while not every analyst loved them, the numbers weren't disappointing enough to suggest the long-term tailwinds at the company's back are changing. In fact, some of the numbers were pretty good.InvestorPlace - Stock Market News, Stock Advice & Trading Tips CRM Stock in Light of Q1 EarningsIf all you did was look at CRM stock immediately after fiscal first quarter 2021 results, you'd think its recent numbers just weren't very good. Shares fell about 4% following the results. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure However, let's get one thing clear: Salesforce's last quarter was good: the company beat both top- and bottom-line expectations. Revenue rose 30% year-over-year to $4.87 billion, better than the $4.85 billion consensus, and adjusted earnings per share clocked in at 70 cents, better than Wall Street's expectation for 69 cents per share.That said, Salesforce stock didn't fall for no reason. Wall Street took issue with the company's second-quarter guidance, which called for revenue between $4.89 billion and $4.93 billion, below the $5.04 billion consensus. Analysts also didn't see their second-quarter EPS estimate of 74 cents matched by the software giant's guidance, which called for EPS between 66 cents and 67 cents. Customer Relationship ManagementDoes guidance matter? Yes. But at the end of the day it's just a bunch of numbers in the air. It's the long-term earnings potential, growth potential, and staying power of any business that matters to Salesforce stock investors.By that measure, it's been nothing but good news filtering in for the cloud-based customer relationship software company. The same day CRM announced first-quarter earnings, Benioff announced what he called "one of the largest transactions we've ever done": a deal with AT&T (NYSE:T) that will allow the wireless giant to compile customer data into one place and access it from multiple touchpoints.Another partnership between Salesforce and enterprise cloud software company Workday (NASDAQ:WDAY) further shows that Salesforce has simply become an absolutely vital part of a space that isn't going away anytime soon. If you've got customers -- especially if you've got a lot of them -- Salesforce can make your life easier, strengthen your customer relationships, and optimize your interactions with them.Workday will integrate more deeply into Salesforce's Work.com, an incredibly relevant new suite of technologies focused on helping businesses re-open from the coronavirus-induced shutdown.Short-term gyrations in the wake of earnings reports are par for the course. What's not par for the course is a $150 billion growth stock like CRM, which has compounded revenue growth above 25% in the past five years and which is expected to continue posting 20% growth for the next five.Betting against Benioff has never been wise in the past, and with Salesforce firing on all cylinders in an economy facing record-setting unemployment claims and unpredictable business closures, it'll be a pleasure to watch what happens when the economy gets back on track.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post Salesforce Stock Still a Buy as Its Software Gains Influence appeared first on InvestorPlace.
Wall Street's main indexes retreated on Friday as investors were cautious ahead of a U.S. response to China's national security law on Hong Kong that threatens to take some shine off another month of strong gains for the stock market. President Donald Trump, who has warned of a tough response to China's move, is expected to hold a news conference at 2 p.m. ET (1800 GMT).
Workday's (WDAY) expanding partner base is expected to aid it acquire more customers and expand its presence in the HCM market.
The company said in a statement that the reduced guidance reflects “current assumptions related to the extent to which the pandemic will affect the business going forward.”
I can comfortably add to CRM should this selloff become severe, and I think that's what I want to do.
The S&P 500 and Dow slipped on Friday as investors were nervous ahead of a U.S. response to China's national security law on Hong Kong that threatens to take the shine off another month of strong gains for the stock market. President Donald Trump, who has warned of a tough response to China's move, is expected to make an announcement later in the day.
Yahoo Finance's Alexis Christoforous, Brian Sozzi, and Emily McCormick discuss the AT&T-Salesforce deal, and Salesforce's latest earnings report.