30 11, 2023

Salesforce Gains 6% on Upbeat Earnings and Full-Year Forecast: 3 Reasons to Buy This Stock

By |2023-12-07T19:47:15+00:00November 30th, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , , , , , |

Salesforce (CRM) delivered impressive third quarter earnings along with an upbeat profit forecast for the remainder of the year, sending shares 9% higher Thursday morning. They’ve since settled around 6%. The company saw earnings improve 51% year over year to $2.11 per share, narrowly beating the consensus of $2.06 per share.  Revenue grew as [...]

2 03, 2023

Salesforce Cost-Cutting Efforts Lead to Upbeat Earnings, 12% Jump in Stock Price: Time to Buy?

By |2023-12-07T21:00:27+00:00March 2nd, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , , , |

Salesforce (CRM) delivered its 4th quarter earnings yesterday after trading hours, and the stock is up 12% so far in Thursday’s session. The company’s cost-cutting efforts are starting to pay off in a major way. Revenue itself soared 14% up to $8.38 billion, but what really has investors and analysts excited is profitability. The [...]

4 01, 2023

Are the Salesforce Layoffs a Good Thing for Investors? Here are 3 Things You Need to See

By |2023-12-07T21:05:29+00:00January 4th, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , |

It wasn’t a great start to the new year for 10% of Salesforce employees who were laid off early Wednesday. The company overextended itself during the pandemic and now, amidst recession fears, is taking a more defensive approach to staffing. As many as 8,000 people will be let go in the coming weeks. CEO [...]

25 08, 2022

Does Salesforce’s First Buyback Program Mean Investors Should Get in Now? Not so Fast…

By |2023-12-07T21:16:24+00:00August 25th, 2022|Categories: Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , , |

Salesforce (CRM) board of directors has recently approved a $10 billion stock buyback program - the first in the software firm's history. This news comes on the heels of a good quarter for earnings and revenue. And yet, the company’s executives are skeptical about the future - and have trimmed back their 2023 fiscal [...]

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