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Shares of Salesforce (NYSE: CRM) climbed 12.6% last month, according to S&P Global Market Intelligence. The stock steadily gained throughout the weeks leading up to its quarterly earnings report amid broader momentum for growth stocks. The leader in enterprise cloud software closed out the month by exceeding Wall Street's forecasts for first-quarter sales and earnings.
Shares have rallied, and with that rally, there's been a return to premium pricing on owning some Salesforce.
SAN FRANCISCO, June 07, 2023--Today at Connections, Salesforce (NYSE: CRM), the global leader in CRM, introduced its latest generative AI product offerings, Marketing GPT and Commerce GPT. With Marketing GPT, marketers will be able to automatically generate personalized emails, smarter audience segments, and marketing journeys. And with Commerce GPT, brands will be able to deliver personalized shopping experiences and customized offers that adapt to their customers’ needs, using GPT-powered dyna
SAN FRANCISCO & SUNNYVALE, Calif., June 07, 2023--Salesforce (NYSE: CRM) and Google Cloud today announced an expanded strategic partnership to help businesses utilize data and AI to deliver more personalized customer experiences, better understand customer behavior, and run more effective campaigns at a lower cost across marketing, sales, service, and commerce.
(Reuters) -Salesforce Inc CEO Marc Benioff has shuffled the top management, a person familiar with the matter told Reuters on Tuesday, a move that follows after the software company reported its slowest quarterly revenue growth since 2010. Miguel Milano has been appointed as the chief revenue officer, the source said, adding that Ariel Kelman will take over as Salesforce's chief marketing officer. After a previous tenure of nearly a decade at Salesforce, Milano will make a return from his recent position at software company Celonis.
Fool.com contributor and finance professor Parkev Tatevosian reviews Salesforce's (NYSE: CRM) latest financial data and lets you know if the stock is a good buy for growth stock investors. *Stock prices used were the afternoon prices of June 2, 2023.
Salesforce beats overall despite slowing growth pace. However, its guidance came in worse-than-expected, which led to the slump in shares post earnings.
Salesforce.com (CRM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
It's time to call out some trends to watch in the stock market before hitting the surf and sand.
Rambus and Hibbett Sports are part of the Zacks Bull and Bear of the Day article.
Veeva Systems (NYSE: VEEV) is a cloud-based software provider to pharmaceutical companies and other members of the highly regulated life-science industry. Generally, biotechnology start-ups use Veeva Vault applications to keep track of data collected from laboratory research and clinical trials. Companies with approved drugs to sell tend to bundle Vault with Veeva's customer relationship management (CRM) products.
After leading the three major indexes last year, the Dow Jones Industrial Average has been a laggard in 2023. Let's take a look at the three best performers in the blue chip index last month to see if any of them are worth buying today. In a month where tech stocks soared with the help of a blowout report from AI chip king Nvidia, it shouldn't be a surprise that a tech stock is leading the pack.
By Louis Juricic and Sarina Isaacs
Although CRM beat earnings handily, raised guidance, and returned cash to shareholders the stock sold off, nonetheless
Salesforce is pivoting to profitability. Will it have enough resources to also invest in AI so it can stay competitive in the tech industry?
The stock is trading at a high multiple despite revenue that's growing by mid-single-digit percentages.
Salesforce's (NYSE: CRM) stock price fell 6% during after-hours trading on May 31 following the release of its latest earnings report. For the first quarter of fiscal 2024 (ended April 30), the cloud-based customer relationship management (CRM) software provider's revenue rose 11% year over year to $8.
Two tech stocks receiving considerable attention from Wall Street going into their quarterly reports yesterday were Salesforce (CRM) and C3.ai (AI).
Investing.com -- The Dow on Thursday kicked off June on a firm footing as investors cheered progress on the debt-ceiling bill with just days to go until the U.S. runs out of money.
Salesforce shares are under pressure after the company saw it's slowest pace of growth in 13 years. RBC Capital Markets Software Equity Analyst Rishi Jaluria breaks down the future what lies for the software giant.
Investing.com -- The S&P 500 climbed Thursday as the U.S. moved closer to averting a default after the House passed a debt-ceiling bill.
Salesforce shares are falling after posting its slowest revenue growth since 2010 as its customers pull back on spending due to economic uncertainty.
Salesforce has a mixed quarter, leading to some mixed responses by Wall Street
Stock index futures were up modestly on Thursday morning after the vote late last night, and investors also kept a watch on interest rates to see what a potential massive issuance of new Treasury debt might do to the financial system. Both C3.ai (NYSE: AI) and Salesforce (NYSE: CRM) have announced plans to lead the artificial intelligence revolution forward, yet neither company was able to reassure its investors that it will be able to sustain the growth rates that many have hoped to see. Shares of C3.ai dropped 19% early Thursday morning.
SAN FRANCISCO, June 01, 2023--Salesforce (NYSE: CRM), the global leader in CRM, announced today that J.P. Morgan has unveiled its new Payments Partner Network – a marketplace powered by Commerce Cloud. The Payments Partner Network features third-party partners that are integrated with the J.P. Morgan Payments platform, making it easy for clients to discover, search, and learn more about relevant J.P. Morgan partner product solutions, unlocking opportunities for growth and efficiency.