John M. Chase By Brian Nelson, CFA Stock prices and returns are in part a function of the cash-based sources of intrinsic value: net cash on the balance sheet and future expectations of free cash flow. All else equal, a company with more net cash on the books is worth more than a company with…
Mike Hansen DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note…
John M. Chase Salesforce, Inc. (NYSE:CRM) is set to report results for its Q3 that ended October 31st, 2023 after hours on Wednesday, November 29th. Analysts expect the company to report a Non-GAAP EPS of $2.06/share on the back of $8.72 billion revenue. Should Salesforce meet the estimates, it’d represent an impressive YoY EPS growth…
Stephen Lam Salesforce (NYSE:CRM) is scheduled to publish its Q3 2023 earnings on November 29th, after the market closes. Despite the persisting macroeconomic pressures and ongoing IT budget optimization cycle, analysts are quite bullish on the upcoming data release, expecting an 11% and 47% YoY growth in sales and earnings, respectively. Personally, however, I warn…
John M. Chase Salesforce, Inc. (NYSE:CRM) is scheduled to release fiscal earnings for Q3 2024 on November 29, 2023. Salesforce anticipates a significant rise in its quarterly revenue, indicative of substantial growth from the previous year, despite facing challenges from fluctuations in foreign exchange rates. The forecast for earnings per share (EPS) also presents a…
Stephen Lam Introduction As stocks go up, investors actually seem to consider stocks cheaper and tend to be greedy. Warren Buffett has often spoken about this issue. Salesforce (NYSE:CRM) is one of the stocks that has caught many investors’ attention in the past few years, with huge runs up and then steep drops. Among many…
Justin Sullivan With the AI revolution well under way, software stocks are expected to win big as generative AI transforms the way people work, and Salesforce (NYSE:CRM) is no exception. Salesforce is well-positioned to capitalize on the new opportunities arising from AI-powered advancements in Customer Relationship Management [CRM], thanks to its growing data treasure and…
JasonDoiy Salesforce (NYSE:CRM) has been among the tech giants that integrated AI into its business model, specifically within its customer relationship management software. Throughout the year, Salesforce shares have surged by approximately 57%, driven by the AI revolution emphasized by CEO and founder Marc Benioff in the company’s recent earnings call. This surge reflects the…
Stephen Lam Summary I am recommending a buy rating for Salesforce (NYSE:CRM) with growth to sustain at above 10% as the growing adoption of AI-related modules is a catalyst for growth. The investment that CRM has made over the years seems to be starting to bear fruit as it gets into a better position to…
Stephen Lam Revenue narrative and recent performance: In the first quarter of April, the company exhibited robust growth performance, with a 12% increase in contracted Remaining Performance Obligations (cRPO) and a 13% rise in revenues. Looking at the guidance for Q2 2023, the projected 10% growth in both cRPO and revenues is slightly below the…
Justin Sullivan Like many tech peers, Salesforce (NYSE:CRM) joined the artificial intelligence bandwagon. The company has already integrated generative AI into its product suites including its new offering Slack GPT. CRM continues to show resilient revenue growth while it drives stronger operating margins. The company maintains a net cash balance sheet and is repurchasing stock….