Why is salesforce down stock

Salesforce stock has dropped after competitor SAP reduced its yearly revenue forecast. Salesforce CEO Marc Benioff

claimed that SAP’s troubles aren’t tied to industry struggles. He said that the troubles are due to CEO changes and because SAP has “not executed the cloud opportunity well,” according to Yahoo Finance.

Full
Answer

Is it too late to buy Salesforce stock?

salesforce.com inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $256.87 on 01/04/22, with the lowest value was $204.63 for the same time period, recorded on 02/14/22.

Why is everyone talking about Salesforce stock?

The Motley Fool owns shares of and recommends Salesforce.com. The Motley Fool has a disclosure policy. In particular, our expectations around the impact of COVID-19 pandemic on our business, acquisition, results of operations, and financial condition, and that of our customers and partners are uncertain and subject to change.

Is Salesforce stock a buy?

The price target cutter was Deutsche Bank analyst Brad Zelnick, who now feels Salesforce.com stock is worth $300 per share. That’s down quite some distance from his previous $360. Nevertheless, Zelnick is maintaining his buy recommendation on the specialty tech stock. Image source: Getty Images.

Why is Salesforce stock dropping?

The answer to the reason why Salesforce stock is dropping is three reasons. First, often companies that buy other companies drop in price after an acquisition, while the acquiring stock, in this case, Slack (WORK), increases the share. Yesterday Slack shares rose up 2.34%, but are currently down 1% in premarket.

Why are Salesforce stocks dropping?

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.

Is Salesforce stock worth buying?

The stock is still reasonably valued Therefore, I believe Salesforce still has a clear path toward generating double-digit revenue and earnings growth over the long term. At $175 a share, Salesforce trades at about 37 times its non-GAAP EPS forecast for fiscal 2023 and five times this year’s sales.

Is Salesforce losing market share?

Summary. Salesforce has lost close to half of its market value since peaking in November as it gets swept in the broad-based equity sell-off triggered by the currently unfavourable macroeconomic backdrop.

Where will Salesforce be in 5 years?

Based on our forecasts, a long-term increase is expected, the “CRM” stock price prognosis for 2027-06-11 is 330.911 USD. With a 5-year investment, the revenue is expected to be around +102.69%. Your current $100 investment may be up to $202.69 in 2027.

Is Salesforce stock a good long-term investment?

In order for the stock to run, the company will need growth. The CRM software market is expected to grow at a sturdy 11.1% compound annual growth rate (CAGR) through 2027, reaching $96 billion. By comparison, that is more than double the $41 billion in 2019.

Is Salesforce stock a buy sell or hold?

The Salesforce.com Inc stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.

Is Salesforce losing money?

Salesforce.com is losing money based on GAAP accounting so there is no meaningful Price/Earnings ratio for the stock. But on a Price/Sales basis, Salesforce.com seems outrageously over-valued. At 7.2, Salesforce.com’s price/sales ratio is much higher than the industry average of 4.8, according to Morningstar.

Who is bigger Salesforce or Microsoft?

Today, Salesforce holds a commanding 19%+ share of the CRM market. Microsoft Dynamic 365 has a smaller market share, but definitely not insignificant—it’s between 3-4%, putting the company in fifth place among all CRM vendors overall.

Is Salesforce a #1 CRM?

SAN FRANCISCO—April 26, 2021—Salesforce [NYSE: CRM], the global leader in CRM, today announced that for the eighth consecutive year it has been ranked the #1 CRM provider by International Data Corporation (IDC) in its latest Worldwide Semiannual Software Tracker.

Will Salesforce survive?

Salesforce as a Game Changer It’s predicted that SaaS CRM solutions will reach a deployment rate of 80 to 85% by 2025. The CRM software market in itself is estimated to grow at a rate of about 14% annually in the short-term, through 2017.

Is Salesforce still in demand 2021?

Salesforce saw a 38% rise in its jobs listings from 2020-2021 and 4.2M jobs will be created in the Salesforce ecosystem by 2024. On February 24th, 2021 a panel of industry experts discussed how roles are evolving and the in-demand tech skills we are seeing, as well as tips on how to advance your career.

Will Salesforce keep growing?

Analysts call it the “Salesforce economy,” which they estimate will create 9.3 million jobs and generate $1.6 trillion in new business revenue by 2026 as CRM software spending by the industry runs at double-digit annual growth rates through at least the middle of the decade.

What is Salesforce?

Salesforce is a San Francisco-based company that was founded in 1999. It is one of the top CRM ( customer relationship management) platforms in the world. Over 150,000 companies work with Salesforce including Unilever, T-Mobile, and BBVA.

Why is Salesforce stock down?

Salesforce and SAP have been competitors in the cloud business for years. The Motley Fool stated that SAP’s revenue forecast “has broad implications for the entire sector” and that “the broader market is also tanking as COVID-19 cases in the U.S. have hit fresh records in recent days.”

What is Salesforce’s stock price today?

Currently, Salesforce’s fiscal year revenue guidance is between $20.7 billion and $20.8 billion for growth of 21 percent–22 percent. Salesforce stock dropped and closed at $241.98 on Oct. 26. In pre-market trading on Tuesday, Oct. 27, the stock rose slightly to $244.50 as of 9:01 a.m. ET.

SAP’s stock news today

SAP, which stands for Systems, Applications, and Products in Data Processing, is a global company that was founded in Germany in 1972. SAP is a top player in cloud computing with over 200 million users, according to the company’s website.

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.

The Motley Fool

Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world’s greatest investment community.

NYSE: CRM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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.

Premium Investing Services

Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool’s premium services.

What happened

Salesforce.com (NYSE: CRM), 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.

The Motley Fool

Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world’s greatest investment community.

The cloud software pioneer got an analyst downgrade to start 2022

Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors. He is also the founder and president of Concinnus Financial, a Registered Investment Advisor based in Spokane, WA. He enjoys the outdoors up and down the West Coast with his wife and their Humane Society-rescued dog.

What happened

Shares of cloud computing software giant salesforce.com ( NYSE:CRM) were down 6.4% Wednesday as of 12:55 p.m. ET. It builds on the losses the stock suffered during the final month of 2021 following news of the omicron coronavirus variant and a subsequent tech stock sell-off.

So what

There was no specific news from Salesforce that caused this most recent dip. Rather, it’s due to analyst Karl Keirstead of UBS downgrading shares from buy to neutral, and decreasing the one-year price target from $315 to $265. Citing moderating business software growth rates, Keirstead also downgraded Salesforce peer Adobe.

Now what

Big downgrades in analysts’ one-year outlook can be problematic for shareholders in the short term, but bear in mind this is but one Wall Street prediction among many.