Salesforce reported weak first-quarter growth and cut guidance in some metrics.Shares of Salesforce (CRM -19.74%) were taking a dive today after the cloud software giant posted disappointing results in its first quarter and offered underwhelming guidance.As a result, the stock finished today's session down 19.7%. Salesforce comes up shortRevenue in the quarter rose 11%, but that came up short of the consensus at $9.15 billion. Subscription and support revenue rose 12% to $8.59 billion, and remaining perform ...

Key TakeawaysSalesforce stock was down 20% in trading late Thursday after the company delivered weak first-quarter earnings the day before.The drop in the CRM company was dragging on the broader index it's a part of, with the Dow Jones Industrial Average down roughly 300 points.Exchange-traded funds were also hurt, with the iShares Expanded Tech-Software Sector ETF off more than 5% due to a large Salesforce exposure. Salesforce (CRM) stock is on course for its worst one-day loss since 2004, hurting the Dow ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Key TakeawaysSalesforce shares tumbled after the company reported first-quarter sales that missed estimates and offered weaker-than-expected guidance for the second quarter, leading analysts to lower their price objectives for the stock.Analysts at Bank of America, Jefferies, CFRA, and Wedbush dropped their price targets after Salesforce's earnings release.However, several maintained "buy" ratings, and noted that Salesforce could benefit longterm from enterprise customers' AI plans. Salesforce (CRM) shares ...

It’s been a chaotic season of earnings for certain technology companies, many of which had their share prices and expectations coming in way too hot ahead of their big reveals. Undoubtedly, the generative artificial intelligence (gen AI) run-up is alive and well, with GPU demand still as scorching as ever. As mega-cap enterprises fill their orders, though, questions linger about when some of the software laggards in gen AI will start to pick up speed. In any case, other oversold AI software plays have come ...

Salesforce (CRM) shares were trading nearly 16% lower in Thursday’s pre-market trading session as the company reported mixed first-quarter fiscal 2025 results, wherein non-GAAP earnings surpassed the Zacks Consensus Estimate, but revenues fell short of the same.The customer relationship management software maker also provided weak sales and earnings guidance for the second quarter, turning investors increasingly cautious about its near-term prospects. A dim second-quarter outlook signals a slowdown in cloud ...

An Exxon gas station sign is seen on October 06, 2023 in the Brooklyn borough of New York City.Four years ago, Exxon Mobil's reign as the longest serving component in the Dow Jones Industrial Average came to an abrupt end, when the oil major was replaced by Salesforce in the biggest shakeup in years.The reshuffling of the Dow in August 2020 was seen as a sign of the times, with the energy sector struggling from a total collapse in oil prices into negative territory during the Covid-19 pandemic, while techno ...

Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm.The company could lose more than $48bn in market value if losses hold, as it also reported quarterly revenue that was below expectations for the first time since 2006.“Weak bookings in Q1 further test investor patience as the GenAI [generative AI] innovation cycle has yet to inflect top-lin ...

Key PointsSalesforce stock plunged following tepid guidance, opening up a once-in-a-lifetime opportunity for investors. The company is still growing and widening its margin, setting it up for robust capital return.Analysts are trimming targets, not dumping the stock so that a rebound could begin soon. 5 stocks we like better than SalesforceSalesforce NYSE: CRM stock went on sale following the Q1 release, providing investors a once-in-a-lifetime opportunity. It is not every day that a high-quality, industry- ...

文章核心观点 - 因第一季度财报令人失望，Salesforce自2006年以来首次出现营收未达预期情况，股价暴跌 [1] 公司业绩情况 - 公司公布令人失望的第一季度财报，自2006年以来首次出现季度营收未达预期，发布的业绩指引弱于预期，该季度面临预算审查和交易周期延长问题 [1] 股价表现 - 公司股价今晨暴跌，最新下跌18.5%，至221.80美元，正迈向2020年以来最大单日百分比跌幅，处于2023年11月以来最低水平 [1][2] - 公司股价自2023年3月以来首次跌破320日移动平均线，年初至今已下跌近16% [2] 期权交易情况 - 期权交易员大量涌入，目前已成交5.4万份看涨期权和5.9万份看跌期权，是日均成交量的35倍，前20大合约中有16个是新买入开仓，以5月31日到期、行权价220美元的看跌期权为首 [1] 分析师评级 - 至少25位分析师下调公司股价目标，其中瑞银将目标价从310美元大幅下调至250美元，12个月的共识目标价306.84美元较当前股价溢价37.7% [1]