|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||167.96 - 174.07|
|52 Week Range||94.81 - 177.59|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||151.18|
CRM stock has lagged software group peers as investors digest big acquisitions, such as Tableau. Could digital transformation growth drive a Salesforce stock rally.
The closing comes a day after Tableau reported its quarterly earnings under the radar, without a typical investor call or statement.
In her two years on the job, Heidi Speight has advised the real estate team’s bike storage room build-outs and forged partnerships with bikeshare and carpooling companies.
The Puget Sound Business Journal is proud to unveil the 2019 40 Under 40 honorees, putting a spotlight on individuals who are among the brightest and most innovative leaders under the age of 40.
Business Journal Managing Editor Rob Johnson recaps the week in Seattle business news, including an overview of why Washington banks have been targeted in proxy battles, how Boeing is dealing with a rough second quarter and much more. Catch up on all the Seattle-area business news you may have missed.
(Bloomberg) -- Salesforce.com Inc. unveiled a partnership with Alibaba Group Holding Ltd. to enter the Chinese software market, chasing new business in Asia despite the U.S.-China trade war.Alibaba will sell Salesforce cloud-based software for clients’ sales, customer service and commerce needs in China, Hong Kong, Macau and Taiwan, the companies said Wednesday in a statement.San Francisco-based Salesforce, the top seller of software for managing customer relationships, wants to more than double its annual revenue to as much as $28 billion by fiscal 2023, but has recently seen slowing growth. Under co-Chief Executive Officers Marc Benioff and Keith Block, the company has expanded internationally, announcing investments and hiring throughout Europe and the Asia-Pacific region. Salesforce is entering China at a time when the U.S. government has made it harder for some American technology companies to sell products to Chinese customers, amid a flurry of tariffs on China-made goods.Salesforce previously had a limited presence in China. Multinational customers were asking for support wherever they do business, according to the statement. Rival Oracle Corp. has reportedly been shedding workers in China, and the company’s co-founder, Larry Ellison, said in October it’s important for the U.S. tech industry and military to beat China.Some investors have been concerned that Salesforce’s revenue growth rates are slipping, though the company continues to report quarterly sales increases of at least 20%. Salesforce has made splashy acquisitions in the past two years that will significantly contribute to revenue, including a $15.3 billion plan to buy data-analytics company Tableau Software Inc., which the company announced last month.Alibaba’s $3 billion cloud services arm is fast becoming an important driver of its global expansion. The e-commerce giant widened its lead over Amazon.com Inc. and Microsoft Corp. in Asia’s cloud-computing market in 2018, according to Gartner, which in turn helped it narrow its global gap with those two rivals.In China, Alibaba’s cloud business commands more than half the market, which is estimated to grow 55% to $331.2 billion in three years, according to Gartner. Alibaba’s cloud business has been generating triple-digit revenue growth over the past three years, outpacing the industry.Gartner estimates that Alibaba last year accounted for almost 20% of the market in Asia for two forms of infrastructure cloud services. Globally, Amazon leads with more than 30% to Alibaba’s 4.9%.To contact the reporters on this story: Nico Grant in San Francisco at firstname.lastname@example.org;Lulu Yilun Chen in Hong Kong at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Business Journal Managing Editor Rob Johnson recaps the week in Seattle business news, including exclusive interviews with three prominent education leaders and headwinds facing the Salesforce-Tableau deal.
The class action lawsuit seeks to block the $15.7 billion deal, which is expected to close in October.
NEW YORK, NY / ACCESSWIRE / July 15, 2019 / Halper Sadeh LLP, a global investor rights law firm, reminds investors that it is investigating the following companies: Tableau Software, Inc. (NYSE: DATA) ...
WILMINGTON, Del., July 15, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Tower International, Inc. (NYSE: TOWR) regarding possible breaches of.
NEW YORK, July 12, 2019 -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Raytheon Company (NYSE: RTN)The.
NEW YORK, July 10, 2019 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice.
Industry officials are largely on board with the Federal Data Strategy, but offered additional insights Monday on how to better tie together disparate collections of data.
Salesforce CEO Marc Benioff floated the idea of a “strategic transaction” in his first meeting with Tableau CEO Adam Selipsky Dec. 18.
Salesforce.com, inc. (NYSE: CRM ) has inked a definitive agreement to acquire Tableau Software Inc (NYSE: DATA ). Tableau's revenue could triple to exceed $3 billion by 2023 given the massive data modernization ...
NEW YORK, June 27, 2019 -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of Medidata Solutions, Inc.,.
Fields leads more than 120 of the company’s 4,286 employees in further developing Tableau Public. The data visualization software and online platform has thousands of users who publish millions of visualizations.
NEW YORK , June 27, 2019 /PRNewswire/ -- Ascena Retail Group, Inc. (ASNA) Lifshitz & Miller announces investigation into possible securities laws violations in connection with ASNA's acquisition of ANN, ...