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Why did Salesforce stock fall sharply on Tuesday?
Shares of customer relationship management software company Salesforce.com (NYSE: CRM) fell sharply on Tuesday. The stock declined as much as 4.5%, but shares were down 4.1% as of 12:50 p.m. ET. The stock’s pullback is likely primarily due to general weakness in many tech stocks on Tuesday. Image source: Getty Images.
What’s going on with Salesforce’s slack?
One notable change for the company is that online business messaging service Slack — bought almost exactly a year ago — was incorporated for the first time into Salesforce’s results. Slack is clearly an important part of the company’s strategy.
What can we expect from Salesforce stock in 2022?
During the Q3 update, CEO Marc Benioff and the top team said to expect fiscal 2022 (the 12 months that ended Jan. 31, 2022) revenue growth of 24%, and preliminary fiscal 2023 (the new fiscal year that just started) revenue growth of about 20%. Salesforce’s adjusted operating margin is also expected to expand to 20% this year.
Is Salesforce stock on your watch list?
But investors may want to put Salesforce stock on their watch list, as the stock has been punished pretty badly recently, falling 17% over the past 30 days. Moreover, the stock’s 14% year-to-date gain is well behind the S&P 500’s 23% gain this year.
Is Salesforce down today?
Salesforce.com is UP and reachable by us.
When was the Salesforce outage?
To recap, on May 11 around 2100 UTC, a configuration change was applied to Salesforce’s Domain Name System (DNS) servers that resulted in folks unable to access the software-as-a-service titan’s products.
What is status in Salesforce?
When you check for new data on a record, the data status indicates how the record compares with data service records. The Salesforce record wasn’t compared with records in the data service. The Salesforce record matches a record in the data service, and the fields to be updated have identical values.
How do I check the status of a Salesforce server?
Go to status.salesforce.com. Select the “Search Instance or Domain” text box in the top-center of the page.
Why is Salesforce stock down?
While there wasn’t any company-specific news that caused Salesforce’s stock to fall today, some technology investors are exiting their positions in the sector as fears of rising inflation, the war in Ukraine, and economic uncertainty fuel a sell-off.
Why is Salesforce so slow?
Slow load times can result from devices that don’t meet Salesforce minimum technical requirements. Also, plug-ins, extensions, and excessive tabs can consume processing power and memory, degrading performance. The way your Salesforce org is configured can lead to slow performance.
Is CRM a buy?
According to IBD Stock Checkup, CRM stock currently has a Relative Strength Rating of 28 out of a best-possible 99. The best stocks tend to have ratings of 80 and above. CRM stock holds an IBD Composite Rating of 53 out of a best possible 99.
Does Salesforce run on AWS?
Many Salesforce products run on AWS. In addition, Salesforce customers can build on AWS to extend their Salesforce capabilities.
What is the next Salesforce release?
The three main release weekends for Summer ’22 are: May 21, 2022. June 4, 2022. June 11, 2022.
Is Salesforce easy to learn?
Is Salesforce easy to learn? Though Salesforce is extensive, it is not difficult to learn. If you put your mind and concentration into learning the Salesforce CRM and at the same time take up this online Salesforce Training course, you will be able to master Salesforce within weeks.
Is Salesforce a CRM?
Salesforce Is the World’s #1 CRM Today, over 100,000 of the world’s most innovative companies—large, medium, and small—use Salesforce to close bigger deals, faster. Using Salesforce is as easy as clicking a button, which means better adoption rates, and more effective collaboration, mobilization, and revenue growth.
Where is my instance Salesforce?
In Windows Hold the Windows key and press R. At the run dialog, type in cmd and press enter. After a command prompt appears, type in nslookup example.my.salesforce.com (replace example with your My Domain). A few lines down you will see a line that starts with “Name:” The naXX afterwards will be your instance name.
NYSE: CRM
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What happened
Shares of Salesforce.com ( CRM -2.35% ) were down 3.6% today as of 11:50 a.m. EST. There was no specific financial news from the company to cause this drop, but ongoing market volatility has growth stocks in retreat once again.
So what
The latest worry weighing on investors is geopolitical in nature, specifically the on-again off-again conflict brewing on the border between Russia and Ukraine. Today, it seems reports from a couple days ago that Russia was pulling troops off the border may not be true.
NYSE: CRM
Since this interest rate hike cycle started hitting the news late in 2021, Salesforce shares have been in steady retreat. The stock is now down more than 30% from its all-time high.
Now what
Of chief concern now will be Salesforce’s fourth-quarter earnings report, which it will release and discuss on March 1. At that time, the cloud computing pioneer will also provide updated guidance for the upcoming fiscal year.
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What happened
Shares of customer relationship management software company Salesforce.com (NYSE: CRM) fell sharply on Tuesday. The stock declined as much as 4.5%, but shares were down 4.1% as of 12:50 p.m. ET.
So what
The tech-heavy Nasdaq Composite is down more than 2% as of this writing. This compares to a 1.3% decline for the S&P 500.
Now what
The market seems to be bearish on tech stocks recently, as investors seem to be paring back on some investments with premium valuations amid worse-than-expected inflation data and potential rate hikes from the Federal Reserve around the corner.
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What happened
Salesforce.com ( CRM -1.59% ), at times one of the more popular tech stocks on the market, wasn’t too popular on Wednesday. Investors were selling it off following the release of the company’s latest set of quarterly results after market hours Tuesday; in midafternoon trading, the stock was down by 9%.
So what
Salesforce actually had quite a successful third quarter of fiscal 2022 by numerous measures. Its revenue landed at $6.86 billion, which was 27% higher on a year-over-year basis and beat the consensus analyst estimate of $6.79 billion.
Now what
Investors tend to look forward, not back, and that was the rub for Salesforce.
Key Points
Investors are coming back to the stock today after a major share price dip yesterday.
NYSE: CRM
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What happened
Salesforce.com ‘s ( CRM -2.35% ) share price was climbing today as investors started coming back to the tech stock following its nearly 11% drop yesterday.
So what
Salesforce investors had a rough day yesterday after the company announced its third-quarter fiscal 2022 results earlier in the week. The company put up strong figures in the quarter, but investors were disappointed with the company’s forward guidance.
Now what
Investors have had to be patient with Salesforce’s stock recently. With its significant price drop earlier this week — despite today’s gains — the stock hasn’t kept pace with S&P 500’s gains year to date.
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What happened
Shares of Salesforce.com (NYSE: CRM) surged 7.2% on Thursday after the cloud-based CRM software leader lifted its revenue forecast and offered investors an optimistic outlook for its next fiscal year.
So what
Salesforce now expects to generate revenue in the $26.25 billion to $26.35 billion range in its fiscal 2022, which ends on Jan. 31. That’s up from a prior estimated range of $26.2 billion to $26.3 billion.
Now what
Salesforce has been a major beneficiary of the growing work-from-home trend. As businesses have closed their offices due to coronavirus-related safety concerns during the pandemic, they have ramped up their spending on cloud software.
Investors are getting more bullish on the cloud software titan’s prospects
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What happened
Shares of Salesforce.com ( NYSE:CRM) climbed on Wednesday following positive analyst commentary. As of noon EDT, the software leader’s stock was up more than 3%.
So what
JMP Securities analyst Patrick Walravens reiterated his outperform rating on Salesforce stock and boosted his price forecast from $282 to $320. If he’s correct, investors could be in store for gains of roughly 25%.
Now what
Salesforce is a key beneficiary of the digital transformation megatrend. Companies are migrating their operations to the cloud at an accelerated pace during the COVID-19 crisis, to better support distributed and often home-based workforces.
What happened
Salesforce.com ( CRM -1.59% ) stock fell 10.8% following a disappointing earnings announcement on Nov. 30. While the company outpaced Wall Street estimates for revenue and earnings, analysts were dissatisfied by its growth outlook.
So what
Salesforce.com reported 27% revenue growth in its most recent quarter, which was more or less in line with analyst expectations. The company produced a small net profit and was free cash flow-positive. There’s typically a tradeoff between profitability and a high growth rate, so investors are generally pleased when a stock can deliver both.
NYSE: CRM
Growth stocks are susceptible to large drops, especially in the current market conditions. Low interest rates and general capital market dynamics over the past two years have sent many software stocks to unsustainably high valuations.
Now what
The recent struggles of Salesforce.com stock is a tough pill to swallow for shareholders. If we zoom out, though, it looks like a short-term correction that brings the stock back to its long-term upward trend. It’s still up around 70% from the COVID-19 market crash low, and now it has a much more rational valuation with a strong fundamental upside.
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