hernan4429 Salesforce (NYSE:CRM)’s shares have increased 70% in the last year as the company executed well against its growth strategy, announced aggressive stock buybacks and targeted an improved free cash flow profile. The cloud-based software company also released a very solid earnings report for Q4 last week, which easily beat top and bottom line estimates….
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…
If there’s one thing people are underestimating about a Bitcoin spot ETF approval, it’s the reality of Wall Street’s marketing engine. At least that was the takeaway from capital allocator Anthony Scaramucci’s most recent visit to crypto industry podcast “The Scoop.” In the interview, Scaramucci talked at length about how a Bitcoin ETF is poised to reshape…
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…
According to CEO, the company needs to employ “thousands” of people to maintain its growth potential and margins. Cloud-based software firm, Salesforce, is planning to boost its employee numbers by hiring 3,300 specialists. Chief Executive Marc Benioff revealed this while speaking to Bloomberg at the company’s annual Dreamforce conference. The announcement follows the company’s decision…
Despite reporting stronger guidance than expected by analysts, Salesforce highlighted that market uncertainty continues to pressure its future growth prospects. Salesforce Inc (NYSE: CRM), a leading American cloud-based software company, announced several announcements on Wednesday, including fiscal Q2 2024 ended July 31, 2023. According to the announcement, Salesforce recorded an adjusted earnings per share of…
Salesforce, Inc. (NYSE:CRM) Q2 2023 Earnings Conference Call August 30, 2023 5:00 PM ET Company Participants Mike Spencer – Executive Vice President, Investor Relations Marc Benioff – Chairman and Chief Executive Officer Sabastian Niles – President and Chief Legal Officer Brian Millham – President and Chief Operating Officer Amy Weaver – President and Chief Finance…
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….