salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices. It also provides Service Cloud, which enables companies to deliver personalized customer service and support, as well as a field service solution that enables companies to connect agents, dispatchers, and mobile employees through a centralized platform, which helps to schedule and dispatch work, and track and manage jobs in real-time. In addition, the company offers Marketing Cloud to plan, personalize, and optimize one-to-one customer marketing interactions; and Commerce Cloud, which enables companies to enhance engagement, conversion, revenue, and loyalty from their customers. Further, it provides Customer 360 Platform that offers no-code to pro-code Platform-as-a-Service tools for building, securing, integrating, and managing the business apps; MuleSoft Anypoint Platform enables customers to connect any system, application, data, or device; Quip collaboration platform, which combines documents, spreadsheets, apps, and chat with live CRM data; and Tableau and Einstein Analytics, provides analytical technology to customers. Additionally, the company offers various solutions for financial services, healthcare and life sciences, manufacturing, consumer goods, government, and philanthropy. The company also provides professional services and education services, including instructor-led and online courses; and support and adoption programs. It provides its services through direct sales; and consulting firms, systems integrators, and other partners. Salesforce and Siemens has a strategic partnership. The company was founded in 1999 and is headquartered in San Francisco, California.
IPO Year: 2004
Exchange: NYSE
Website: salesforce.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/4/2024 | $385.00 → $425.00 | Outperform | BMO Capital Markets |
11/19/2024 | $425.00 | Sector Outperform | Scotiabank |
11/15/2024 | $305.00 → $385.00 | Outperform | BMO Capital Markets |
10/2/2024 | $400.00 | Market Perform → Outperform | Northland Capital |
9/24/2024 | $268.00 → $325.00 | Neutral → Overweight | Piper Sandler |
8/29/2024 | $265.00 → $305.00 | Outperform | BMO Capital Markets |
5/30/2024 | $325.00 → $280.00 | Outperform | Oppenheimer |
3/21/2024 | Sector Weight | KeyBanc Capital Markets | |
1/11/2024 | $240.00 → $300.00 | Neutral → Outperform | Robert W. Baird |
12/21/2023 | $290.00 → $350.00 | Equal-Weight → Overweight | Morgan Stanley |
4 - Salesforce, Inc. (0001108524) (Issuer)
4 - Salesforce, Inc. (0001108524) (Issuer)
4 - Salesforce, Inc. (0001108524) (Issuer)
4 - Salesforce, Inc. (0001108524) (Issuer)
4 - Salesforce, Inc. (0001108524) (Issuer)
4 - Salesforce, Inc. (0001108524) (Issuer)
4 - Salesforce, Inc. (0001108524) (Issuer)
4 - Salesforce, Inc. (0001108524) (Issuer)
4 - Salesforce, Inc. (0001108524) (Issuer)
4 - Salesforce, Inc. (0001108524) (Issuer)
8-K - Salesforce, Inc. (0001108524) (Filer)
10-Q - Salesforce, Inc. (0001108524) (Filer)
8-K - Salesforce, Inc. (0001108524) (Filer)
8-K - Salesforce, Inc. (0001108524) (Filer)
S-8 - Salesforce, Inc. (0001108524) (Filer)
8-K - Salesforce, Inc. (0001108524) (Filer)
10-Q - Salesforce, Inc. (0001108524) (Filer)
8-K - Salesforce, Inc. (0001108524) (Filer)
S-8 - Salesforce, Inc. (0001108524) (Filer)
8-K - Salesforce, Inc. (0001108524) (Filer)
Salesforce (NYSE:CRM), the #1 AI CRM, today announced that its board of directors declared a quarterly cash dividend of $0.40 per share. The dividend is payable January 9, 2025, to stockholders of record on December 18, 2024. About Salesforce Salesforce helps organizations of any size reimagine their business for the world of AI. With Agentforce, Salesforce's trusted platform, organizations can bring humans together with agents to drive customer success — powered by AI, data, and action. Visit www.salesforce.com for more information. View source version on businesswire.com: https://www.businesswire.com/news/home/20241205131603/en/
Salesforce (NYSE:CRM), the #1 AI CRM, today announced results for its third quarter fiscal 2025 ended October 31, 2024. Third Quarter Highlights Third Quarter Revenue of $9.44 Billion, up 8% both Year-Over-Year ("Y/Y") & in Constant Currency ("CC"), inclusive of Subscription & Support Revenue of $8.88 Billion, up 9% both Y/Y & in CC Third Quarter GAAP Diluted Net Income Per Share was $1.58 and non-GAAP Diluted Net Income Per Share was $2.41. GAAP and non-GAAP Diluted Net Income Per Share were Impacted by Losses on Strategic Investments of $(0.17) and $(0.18), Respectively Third Quarter GAAP Operating Margin of 20.0% and non-GAAP Operating Margin of 33.1% Current Remaining Perf
Salesforce (NYSE:CRM), the #1 AI CRM, today announced it has granted equity awards under its 2014 Inducement Equity Incentive Plan (the "Plan") to new employees who joined Salesforce in connection with the acquisitions of Tenyx, PredictSpring, and Zoomin. The Plan was adopted by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08. Through the Plan, Salesforce granted a total of 90,643 restricted stock units ("RSUs") to 36 employees at PredictSpring, 17 employees at Tenyx, and two employees at Zoomin. The RSUs vest over four years with 25 percent of the RSUs vesting on the first anniversary of the grant date and the balance vesting quarte
Agentforce Testing Center enables teams to test Agentforce using synthetically generated data, ensuring accurate responses and actions — with complete monitoring of usage and feedback New Data Cloud Sandboxes and Digital Wallet enhancements enable teams to test the entire AI and data lifecycle in secure test environments while transparently managing and optimizing costs Salesforce (NYSE:CRM), the world's #1 AI CRM, today announced agentic lifecycle management tools to automate Agentforce testing, prototype agents in secure Sandbox environments, and transparently manage usage at scale. AI agents are a new paradigm in software. They are intelligent systems that can reason and act on beh
Deployment of autonomous AI agents at Fisher & Paykel will help provide 24/7, tailored support for customers Salesforce (NYSE:CRM), the world's #1 AI CRM, today announced that luxury appliance manufacturer Fisher & Paykel, will deploy Agentforce to scale its customer support team with autonomous agents — taking actions like answering frequently asked questions, scheduling service appointments, and more, freeing up human agents' time for higher value tasks. Agentforce, a new layer on the Salesforce Platform that enables companies to easily build and deploy AI agents that can autonomously take action across any business function, will help Fisher & Paykel deliver around-the-clock, high-qu
Results to be released on Dec. 3, 2024, after market close Salesforce (NYSE:CRM), the #1 AI CRM, today announced that its third quarter fiscal year 2025 results will be released on Tuesday, Dec. 3, 2024, after the close of the market. The company will host a conference call at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss its financial results with the investment community. A live webcast and replay of the event will be available on the Salesforce Investor Relations website at www.salesforce.com/investor. About Salesforce Salesforce helps organizations of any size reimagine their business for the world of AI. With Agentforce, Salesforce's trusted platform, organizations can bring humans
Agentforce delivers fully customizable autonomous AI agents that can connect to any enterprise data and take action across sales, service, marketing, and commerce Agent Builder enables users to build an agent to automate any business process in any industry using existing Salesforce Platform tools like workflows, Apex code, and prompt templates Customers like The Adecco Group, BACA Systems, OpenTable, Saks, and Wiley are choosing Agentforce Service Agents to drive faster, more personalized responses to customers and build efficiencies across their business Salesforce (NYSE:CRM), the world's #1 AI CRM, today announced the general availability of Agentforce, a new layer on the Salesforce P
Starboard Value LP (together with its affiliates, "Starboard" or "we"), today announced that Jeffrey Smith, the firm's Chief Executive Officer and Chief Investment Officer, delivered a presentation at the 2024 Active-Passive Investor Summit to highlight value creation opportunities at three companies: Kenvue Inc. (NYSE:KVUE), Pfizer Inc. (NYSE:PFE) and Salesforce Inc. (NYSE:CRM). The full presentation and the respective presentations for the aforementioned companies can be found at: https://www.starboardvalue.com/presentations. About Starboard Value LP Starboard Value LP is an investment adviser with a focused and differentiated fundamental approach to investing in publicly traded compani
Nonprofit health plan's prior authorization platform solution built on Salesforce Health Cloud will work within physician systems to gather relevant clinical data from electronic health records and streamline 20+ disparate systems; members and physicians will get prior authorization in near real-time Testing begins in early 2025 with limited rollout later in year; near real-time prior authorization available January 2026; additional capabilities to followOAKLAND, Calif., Oct. 21, 2024 /PRNewswire/ -- Blue Shield of California and Salesforce (NYSE: CRM), the #1 AI CRM, are teaming up to solve a significant healthcare challenge — providing physicians and their patients prior authorization ans
EVPassport, a global EV charging network, today announced an expanded relationship with Salesforce (NYSE:CRM), the #1 AI CRM, to enhance the EVPassport customer experience. By deploying Salesforce Service Cloud, EVPassport strengthens its customer experience strategy, enabling the company to deliver personalized, enhanced, and efficient service and support to its enterprise and commercial business customers and electric vehicle drivers. Today's news strengthens EVPassport's position as the leading EV charging network leader for unparalleled customer satisfaction, loyalty, and reliability. "With Salesforce, we found a strategic partner that genuinely understands the unique aspects of our d
4 - Salesforce, Inc. (0001108524) (Issuer)
4 - Salesforce, Inc. (0001108524) (Issuer)
The proposed transaction underscores Salesforce's commitment to strengthening data security, privacy, and compliance across its platform The #1 AI CRM will enhance its platform with an industry-leading provider of data protection and data management services to ensure the availability, security, and compliance of customer data Own Company is trusted by nearly 7,000 customers to safeguard mission-critical data Salesforce (NYSE:CRM), the world's #1 AI CRM, today announced it has signed a definitive agreement to acquire Own Company, a leading provider of data protection and data management solutions. Own empowers organizations to ensure the availability, security, and compliance of missi
Launch: Equitable & Accelerated Pathways for All welcomes site teams from Maryland, Massachusetts, and Virginia with the support of Salesforce. SILVER SPRING, Md., May 8, 2024 /PRNewswire/ -- Advance CTE, Education Strategy Group (ESG), ExcelinEd, Jobs for the Future (JFF), and New America are excited to announce the expansion of Launch: Equitable & Accelerated Pathways for All with the addition of three teams from Maryland, Massachusetts, and Virginia thanks to the generous support of a new initiative funder, Salesforce. The new investment will also help extend Launch into a third year, through fall 2025. "Salesforce is excited to be part of building more pathways to success for students,
QUEBEC CITY, Jan. 29, 2024 /PRNewswire/ - LeddarTech® (NASDAQ:LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD, and parking applications, today announced that its Board of Directors appointed Sylvie Veilleux and Lizabeth Ardisana to the Board, effective immediately. Ms. Veilleux will serve on the Audit Committee and Ms. Ardisana will serve on the Nominating and Corporate Governance Committee. "We are pleased to welcome Sylvie and Liz to our board," said Mr. Derek Aberle, Cha
Exceptional Product and Business Leader Lidiane Jones to be Appointed CEO, Effective January 2, 2024. Visionary Founder and CEO Whitney Wolfe Herd to Become Executive Chair. Bumble Inc. (NASDAQ:BMBL) today announced a leadership succession plan for the Company's next chapter of growth. Following a comprehensive search process, Lidiane Jones, who currently serves as Chief Executive Officer at Slack, a Salesforce (NYSE:CRM) company, will succeed Whitney Wolfe Herd as Chief Executive Officer, effective January 2, 2024. Wolfe Herd will transition to the Executive Chair role at that time. Wolfe Herd founded Bumble in 2014 with the goal of creating an empowering online dating space for wome
BOSTON, July 26, 2023 (GLOBE NEWSWIRE) -- Salsify, the Product Experience Management (PXM) platform empowering brand manufacturers, distributors, and retailers to win on the digital shelf, is pleased to announce the appointment of Jeff Barnett, former COO of Demandware and CEO of Salesforce Commerce Cloud (NYSE:CRM), to its Board of Directors. With over 30 years of experience in entrepreneurship and a proven track record in the tech industry, Barnett brings a wealth of expertise and strategic insights to help drive Salsify's continued growth and success. "Similar to how Demandware created a new paradigm for e-commerce success, Salsify too, is empowering retailers and global brands
Gavin Patterson, previously of Salesforce and Francesco de Mojana, previously of Permira, to join Wix's Board of Directors NEW YORK, March 8, 2023 /PRNewswire/ -- Wix (NASDAQ:WIX), today announced changes to its Board of Directors. The announced changes are part of Wix's track record of regularly refreshing and enhancing its board to closely align with the changing operating environment as well as its current strategic objectives, balancing stability and expertise with change and adaptability. Additionally, these changes support Wix's continued transition to a new phase of value creation focused on product-led growth with sustained profitability and a commitment to achieving "Rule of 40" in
Arnold Donald, Sachin Mehra and Mason Morfit to Join the Company's Board of Directors Expresses Gratitude for the Contributions Made by Outgoing Directors Salesforce (NYSE:CRM), the global leader in CRM, today announced, as part of its ongoing board refreshment process, the following appointments to the Company's Board of Directors, effective March 1, 2023: Arnold Donald, former President and Chief Executive Officer of Carnival Corporation & plc; Sachin Mehra, Chief Financial Officer of Mastercard; and Mason Morfit, Chief Executive Officer and Chief Investment Officer of ValueAct Capital In addition, Sanford Robertson and Alan Hassenfeld have notified the Company that they do not
Salesforce executive brings deep public and private company experience in consumer business, retail, healthcare and tech industries Frontdoor, Inc. (NASDAQ:FTDR), the nation's leading provider of home service plans, announced today that it has appointed Jessica P. Ross as Senior Vice President and Chief Financial Officer, replacing Brian Turcotte, who will step down on December 30, 2022. To ensure a smooth leadership transition, Turcotte will remain with the company through March 31, 2023 as an advisor to the CEO. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221205005194/en/Frontdoor names Jessica Ross as new CFO (Photo: Busin
Wassenaar Brings More than 30 Years' Experience in Enterprise Software, Security, IoT and Cloud Leadership from Puppet, New Relic, VMware, and Accenture JFrog Ltd. ("JFrog") (NASDAQ:FROG), the Liquid Software company and creators of the JFrog DevOps Platform, today announced former Puppet CEO, Yvonne Wassenaar, will join its Board of Directors and its Compensation Committee. With over 30 years of experience in enterprise software, cybersecurity, and cloud-native technologies, Wassenaar brings to JFrog a wealth of industry expertise and go-to-market acceleration strategies that will help drive the company's advancement in the DevOps, security, and IoT markets. This press release features mu
SAN FRANCISCO, Sept. 21, 2022 /PRNewswire/ -- Salesforce (NYSE:CRM), the global leader in CRM, today announced the appointment of Robin Washington as Lead Independent Director of the Company's Board of Directors, effective September 15, 2022. Washington, who also chairs the Board's Audit Committee, succeeds Sanford Robertson, who will continue to serve as a Director and Chair of the Nominating and Corporate Governance Committee. Washington is a highly-respected business leader, recognized for her financial expertise and experience across technology and healthcare. She has serv
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BMO Capital Markets reiterated coverage of Salesforce with a rating of Outperform and set a new price target of $425.00 from $385.00 previously
Scotiabank initiated coverage of Salesforce with a rating of Sector Outperform and set a new price target of $425.00
BMO Capital Markets reiterated coverage of Salesforce with a rating of Outperform and set a new price target of $385.00 from $305.00 previously
Northland Capital upgraded Salesforce from Market Perform to Outperform and set a new price target of $400.00
Piper Sandler upgraded Salesforce from Neutral to Overweight and set a new price target of $325.00 from $268.00 previously
BMO Capital Markets reiterated coverage of Salesforce with a rating of Outperform and set a new price target of $305.00 from $265.00 previously
Oppenheimer reiterated coverage of Salesforce with a rating of Outperform and set a new price target of $280.00 from $325.00 previously
KeyBanc Capital Markets initiated coverage of Salesforce with a rating of Sector Weight
Robert W. Baird upgraded Salesforce from Neutral to Outperform and set a new price target of $300.00 from $240.00 previously
Morgan Stanley upgraded Salesforce from Equal-Weight to Overweight and set a new price target of $350.00 from $290.00 previously
Salesforce (NYSE:CRM), the #1 AI CRM, today announced that its board of directors declared a quarterly cash dividend of $0.40 per share. The dividend is payable January 9, 2025, to stockholders of record on December 18, 2024. About Salesforce Salesforce helps organizations of any size reimagine their business for the world of AI. With Agentforce, Salesforce's trusted platform, organizations can bring humans together with agents to drive customer success — powered by AI, data, and action. Visit www.salesforce.com for more information. View source version on businesswire.com: https://www.businesswire.com/news/home/20241205131603/en/
Salesforce (NYSE:CRM), the #1 AI CRM, today announced results for its third quarter fiscal 2025 ended October 31, 2024. Third Quarter Highlights Third Quarter Revenue of $9.44 Billion, up 8% both Year-Over-Year ("Y/Y") & in Constant Currency ("CC"), inclusive of Subscription & Support Revenue of $8.88 Billion, up 9% both Y/Y & in CC Third Quarter GAAP Diluted Net Income Per Share was $1.58 and non-GAAP Diluted Net Income Per Share was $2.41. GAAP and non-GAAP Diluted Net Income Per Share were Impacted by Losses on Strategic Investments of $(0.17) and $(0.18), Respectively Third Quarter GAAP Operating Margin of 20.0% and non-GAAP Operating Margin of 33.1% Current Remaining Perf
Results to be released on Dec. 3, 2024, after market close Salesforce (NYSE:CRM), the #1 AI CRM, today announced that its third quarter fiscal year 2025 results will be released on Tuesday, Dec. 3, 2024, after the close of the market. The company will host a conference call at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss its financial results with the investment community. A live webcast and replay of the event will be available on the Salesforce Investor Relations website at www.salesforce.com/investor. About Salesforce Salesforce helps organizations of any size reimagine their business for the world of AI. With Agentforce, Salesforce's trusted platform, organizations can bring humans
New CEO has driven significant product capabilities, launched new SaaS platform, bolstered the leadership team, and refreshed the brand as company prepares for the AI era CloudBees, one of the world's leading software development platforms, announced today that thousands of developers and industry leaders will convene at DevOps World Virtual 2024 to celebrate 20 years of Jenkins and the future of DevSecOps, and the path forward as the world's businesses invest in cloud transformation and software for the AI era. "The Global 2000 has three key priorities - empower developers, modernize applications securely, and embrace the power of AI in their transformation journey. The reality, however,
Salesforce (NYSE:CRM), the #1 AI CRM, today announced that its board of directors declared a quarterly cash dividend of $0.40 per share. The dividend is payable October 8, 2024, to stockholders of record on September 18, 2024. About Salesforce Salesforce is the #1 AI CRM, empowering companies to connect with their customers in a whole new way through the power of CRM + AI + Data + Trust on one unified platform: Einstein 1. For more information visit: www.salesforce.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240905013951/en/
Salesforce (NYSE:CRM), the #1 AI CRM, today announced results for its second quarter fiscal 2025 ended July 31, 2024. Second Quarter Highlights Second Quarter Revenue of $9.33 Billion, up 8% Year-Over-Year ("Y/Y"), up 9% in Constant Currency ("CC"), inclusive of Subscription & Support Revenue of $8.76 Billion, up 9% Y/Y, up 10% Y/Y in CC Second Quarter GAAP Operating Margin of 19.1% and non-GAAP Operating Margin of 33.7% Current Remaining Performance Obligation of $26.5 Billion, up 10% Y/Y, up 11% Y/Y in CC Second Quarter Operating Cash Flow of $0.89 Billion, up 10% Y/Y, and Free Cash Flow of $0.76 Billion, up 20% Y/Y Returned $4.3 Billion in the Form of Share Repurchases a
Results to be released on Aug. 28, 2024, after market close Salesforce (NYSE:CRM), the #1 AI CRM, today announced that its second quarter fiscal year 2025 results will be released on Wednesday, Aug. 28, 2024, after the close of the market. The company will host a conference call at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss its financial results with the investment community. A live webcast and replay of the event will be available on the Salesforce Investor Relations website at www.salesforce.com/investor. About Salesforce Salesforce is the #1 AI CRM, empowering companies to connect with their customers in a whole new way through the power of CRM + AI + Data + Trust on one unified pl
Salesforce (NYSE:CRM), the #1 AI CRM, today announced that its board of directors declared a quarterly cash dividend of $0.40 per share. The dividend is payable July 25, 2024, to stockholders of record on July 9, 2024. About Salesforce Salesforce is the #1 AI CRM, empowering companies to connect with their customers in a whole new way through the power of CRM + AI + Data + Trust on one unified platform: Einstein 1. For more information visit: www.salesforce.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240627737720/en/
Salesforce (NYSE:CRM), the #1 AI CRM, today announced results for its first quarter fiscal 2025 ended April 30, 2024. First Quarter Highlights First Quarter Revenue of $9.13 Billion, up 11% Year-Over-Year ("Y/Y"), up 11% in Constant Currency ("CC"), inclusive of Subscription & Support Revenue of $8.59 Billion, up 12% Y/Y First Quarter GAAP Operating Margin of 18.7% and non-GAAP Operating Margin of 32.1% Current Remaining Performance Obligation of $26.4 Billion, up 10% Y/Y, up 10% in CC First Quarter Operating Cash Flow of $6.25 Billion, up 39% Y/Y, and Free Cash Flow of $6.08 Billion, up 43% Y/Y Returned $2.2 Billion in the Form of Share Repurchases and $0.4 Billion in Divi
Results to be released on May 29, 2024, after market close Salesforce (NYSE:CRM), the global leader in CRM, today announced that its first quarter fiscal year 2025 results will be released on Wednesday, May 29, 2024, after the close of the market. The company will host a conference call at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss its financial results with the investment community. A live webcast and replay of the event will be available on the Salesforce Investor Relations website at www.salesforce.com/investor. About Salesforce Salesforce is the #1 AI CRM, empowering companies to connect with their customers in a whole new way through the power of CRM + AI + Data + Trust on one un
ServiceNow, Inc. (NYSE:NOW) shares are rising in premarket trading on Thursday following its second-quarter earnings report, which exceeded analysts’ expectations. The company reported second-quarter revenue of $2.627 billion, beating the consensus estimate of $2.607 billion, per a press release. Analysts anticipate that robust U.S. federal business and increasing adoption of AI software will counterbalance the impact of economic uncertainty on the company, reported CNBC. According to Benzinga Pro, NOW stock has gained over 25% in the past year. Investors can gain exposure to the stock via Franklin Exponential Data ETF (BATS:XDAT) and Franklin Exponential Data ETF (BATS:IGV). Als
As the COVID-19 pandemic faded away and people were less required to practice social distancing, bosses began demanding that their employees return to the office (RTO) instead of performing their jobs at home. This led to droves of workers who wanted to keep working from home to quit their jobs in what became known as the “Great Resignation,” but that’s what some bosses wanted them to do, according to a survey by Bamboo HR. The analysis revealed that 25% of vice presidents and executives and 18% of human resources professionals admit they hoped for “some voluntary turnover” during an RTO mandate, proving why they are actually “layoffs in disguise,” Bamboo HR said. “Nearly two in fiv
Salesforce Inc (NYSE:CRM) shares are trading lower by 2.1% to $250.69 during Wednesday’s session. The company and Workday Inc (NASDAQ:WDAY) earlier announced a partnership to develop an AI employee service agent that will automate tasks, provide personalized support and generate data-driven insights to enhance productivity and efficiency. Despite this news, Salesforce stock is falling amid the SPDR S&P 500 ETF Trust (NASDAQ:SPY) and Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) experiencing their worst weekly performance in three months due to a broad-based selloff in chipmakers. A general market downturn often affects stocks across various sectors, including tech companies like Salesforce.
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On CNBC's “Mad Money Lightning Round,” Jim Cramer said Salesforce, Inc. (NYSE:CRM) has been a huge winner and recommended holding the stock. “It does have trouble getting traction,” he added. Salesforce reportedly cut around 300 roles to streamline operations, highlighting the tech industry's ongoing focus on cost control. ADMA Biologics, Inc. (NASDAQ:ADMA) has been a rocket, Cramer said. “If I were you, I would take some off the table.” On May 9, ADMA Biologics reported better-than-expected first-quarter financial results and issued strong FY24 and FY25 revenue guidance. When asked about Ouster, Inc. (NYSE:OUST), he said, “I would actually take some off the table. It's another p
Popular workplace messaging app Slack, owned by Salesforce Inc. (NYSE:CRM) has introduced a new set of widgets for its iPhone app. What Happened: The new widgets, three for the iPhone’s home screen and one for the lock screen, are designed to improve the accessibility of the Slack app. The lock screen widget enables users to access the Slack app directly after unlocking their devices. The home screen widgets include “Catch Up,” which offers a quick summary of unread messages and mentions without the need to open the app. It directs users straight to that section of the Slack app, allowing them to quickly navigate through missed conversations. See Also: Nvidia’s Potential $50 Trillio
Apple Inc. (NASDAQ:AAPL) has been accused of using Alphabet Inc.‘s (NASDAQ:GOOGL), (NASDAQ:GOOG) subsidiary YouTube videos to train its AI models without the creators’ consent. What Happened: Tech YouTuber Marques Brownlee, also known as MKBHD, took to social media to voice his concerns about Apple’s use of YouTube content for AI training. Brownlee revealed that Apple sourced data from various companies, one of which scraped data and transcripts from YouTube videos, including his own. The companies are not at fault for the scraping, but this issue is likely to persist, Brownlee noted. “Apple technically avoids “fault” here because they’re not the ones scraping But this is going to
Whales with a lot of money to spend have taken a noticeably bullish stance on Salesforce. Looking at options history for Salesforce (NYSE:CRM) we detected 36 trades. If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 30% with bearish. From the overall spotted trades, 27 are puts, for a total amount of $1,603,732 and 9, calls, for a total amount of $384,139. Projected Price Targets After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $165.0 and $380.0 for Salesforce, spanning the last three months. Analyzing Volume & Open Inte
Salesforce, Inc. (NYSE:CRM) reportedly cut around 300 roles to streamline operations, highlighting the tech industry’s ongoing focus on cost control. The company made the job cuts this month, reported Bloomberg, citing a source familiar with the matter. In a statement, Salesforce confirmed the job reductions but did not provide specifics, per the report. “”Like any healthy business, we continuously assess whether we have the right structure in place to best serve our customers and fuel growth areas,” the report cited a spokesperson. “In some cases that leads to roles being eliminated.” In January 2024, Salesforce laid off close to 700 employees, about 1% of its 70,000-strong workfor