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Salesforce Sees Annual Revenue Below EstimatesSalesforce ( NYSE:CRM ) expanded its stock buyback program by $10 billion and announced a new dividend, but its annual revenue forecast that was below estimates pushed its shares down around 2% in after hours trading. The company's downbeat forecast signals a likely slowdown in cloud and tech spending as clients struggle with high interest rates and rising inflation, making them to keep a lid on costs. The company sees revenue between $37.7 billion to $38 billion for full-year 2025, compared with analysts' estimate of $38.62 billion. Warnings of a slow economy prompted Salesforce ( NYSE:CRM ) to cut about 700 employees, or roughly 1% of its global workforce, last month, adding to the slew of layoffs across the tech and media industry. "Salesforce is guiding for only 8-9% growth (for the full year), which moves it out of the high growth category. In order to make up for that, it is introducing a dividend, which is appropriate for the lower level of growth," said Gil Luria, analyst at D.A. Davidson. However, Salesforce ( NYSE:CRM ) beat revenue estimates for fourth-quarter revenue and profit as it benefited from higher cloud spending, joining other cloud giants like Amazon.com and Microsoft. The company reported revenue of $9.29 billion for the quarter ended Jan. 31, beating analysts' estimate of $9.22 billion. On an adjusted basis, the company earned $2.29 per share compared with estimates of $2.26 per share. In early 2023, Salesforce had become a target for activist investors to push for changes resulting in cost cuts, increased share buybacks and a dismantled mergers and acquisition committee. Salesforce ( NYSE:CRM ) expects adjusted profit between $9.68 to $9.76 per share for the full-year, compared with estimates of $9.57 per share.
NYSE:CRMLong
by DEXWireNews
SALESFORCE 310 AFTER EARNINGS Strong Revenue Growth: Salesforce’s total revenue for Q2 2024 was $8.603 billion, up from $8.247 billion in Q1 20241. This consistent growth in revenue is a positive sign. Impressive Earnings Per Share (EPS): The basic earnings per share (EPS) for Q2 2024 was $1.4118, up from $0.7562 in Q1 20241. This significant increase in EPS indicates a strong financial performance. Positive Analyst Expectations: Analysts expect the company to report earnings of $2.27 per share on revenue of $9.2 billion2. If Salesforce meets or exceeds these expectations in their upcoming earnings report, it could provide a further boost to the stock. Historical Stock Performance: The stock soared 12% after its last earnings report3, which could indicate investor confidence in the company’s financial health and future prospects.
NYSE:CRMLong
by NYRUNSGLOBAL
2
Salesforce LONG Short TermShort term opportunity for a LONG. Context: Market: strong Ticket weekly: Up wave Ticket daily: Up wave Ticket 1h: uptrend, consolidation (down wave) Last day: Gap-up open, price didn't find much support from buyers and was rejected. Rejection wasn't strong enough (price didn't reach prev day low), which shows lack of strong sellers interest. Conclusion: The context is still very bullish. There is a short term LONG opporunity but only if price sets hourly higher low above 289. Depending on where it happens the profit target can be either around 293 or 295 and higher Disclaimer I don't give trading or investing advices, just sharing my thoughts
NYSE:CRMLong
by hermes_trisme
1
Amazon and Salesforce Join Forces to Supercharge Prime Momentum Amazon ( NASDAQ:AMZN ) and Salesforce ( NYSE:CRM ) have formed a strategic alliance to turbocharge the momentum of Amazon's Prime program. The integration of Amazon's "Buy with Prime" feature with Salesforce's NYSE:CRM Commerce Cloud platform promises to reshape the e-commerce landscape, offering a seamless shopping experience for Prime members while presenting an exciting growth opportunity for merchants, especially those on the Shopify platform. The Power of Prime: Amazon's Prime program has long been a key driver of the e-commerce giant's top-line growth. With customer-friendly perks such as ultrafast delivery services, a streamlined checkout experience, 24/7 live chat support, and hassle-free returns, Prime has amassed a loyal subscriber base. The recent collaboration with Salesforce aims to further enhance the Prime experience by allowing merchants on the CRM Commerce Cloud platform to integrate the "Buy with Prime" feature into their online stores. Enhancing the Merchant Experience: Salesforce merchants can now deliver the full suite of Prime benefits directly from their online storefronts. The integration preserves merchants' control over their store aesthetics, enabling customization of the placement and appearance of the "Buy with Prime" experience on product, cart, and checkout pages. Additionally, sellers can seamlessly sync day-to-day operations with Salesforce Order Management, ensuring a streamlined and efficient workflow. Advanced Features for Sellers: The upgraded "Buy with Prime" features empower sellers to activate search and filter capabilities, enabling customers to quickly locate Prime-eligible items. The introduction of a mixed cart facility allows customers to add both Prime-eligible and non-eligible items to their carts, streamlining the checkout process. This not only enhances the shopping experience for Prime members but also presents a lucrative opportunity for Shopify merchants to expand their reach to the ever-growing Prime subscriber base. Financial Implications: Amazon's subscription revenues, a key driver of the company's financial performance, are expected to receive a significant boost from the growing momentum of Prime. The success of the Prime program is reflected in Amazon's stock performance, which has surged 68.5% over the past year, outpacing industry growth. Investor Optimism and Technical Outlook: Salesforce investors have demonstrated increasing optimism, as evidenced by the rising trend channel in the medium to long term. The stock's impressive performance since breaking through resistance at $215 indicates a positive sentiment among investors. Conclusion: The collaboration between Amazon and Salesforce represents a pivotal moment in the e-commerce landscape. The integration of "Buy with Prime" not only strengthens the Prime program but also opens new avenues for merchants to capitalize on the rapidly expanding Prime subscriber base.
NYSE:CRMLong
by DEXWireNews
Salesforce (NYSE: CRM) Surges on Q3 EarningsSalesforce surges on Q3 earnings beat amid 'green shoots' of cloud demand rebound. Salesforce lifted its full-year profit forecast amid what it called 'green shoots' in demand improvement from big buyers of its cloud-focused software. Salesforce (NYSE: CRM) - shares surged in early Thursday trading after it posted better-than-expected third quarter earnings, as well as a full-year profit boost, amid what it described as improving demand for its cloud-focused client software offerings. Salesforce said earnings for the three months ending in October, its fiscal third quarter rose 51% from last year to $2.11 per share, just ahead of Street forecasts of $2.06 per share, with revenues rising 11.2% to $8.72 billion, just ahead of analysts' estimates of an $8.715 billion top line. Looking into the final months of its fiscal year, Salesforce said it sees revenues in the region of $34.75 billion and $34.8 billion, an 11% improvement from last year's levels that was largely in-line with its prior forecasts. Current quarter revenues were forecast between $9.18 billion to $9.23 billion. Full-year profits, Salesforce said, will likely improve to between $8.18 and $8.19 per share, up 13 cents at the higher end of its prior forecast, with adjusted operating margins expanding to between 30% and 33%. Salesforce shares, a Dow component, were marked 9.2% higher in pre-market trading to indicate an opening bell price of $251.12, extending its year-to-date advance to just under 90%. Price Momentum CRM is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NYSE:CRMLong
by DEXWireNews
2
Salesforce Developing Head and ShouldersSalesforce Daily Price Action CRM is currently attempting a reversal from its uptrend that started back in December / January. The head and shoulders that is developing is rather obvious, however it should noted that the left shoulder had much higher volume than the head; showing lack of buyers willing to participate. The right shoulder does have rather high volume so far, but we believe the gap that was created will be filled immediately and price action will move to the neckline (Red / Teal Solid). Relative Strength Indicator As shown, there is a clear divergence (Aqua Solid) that was extended into a trend line (Yellow Solid) which is an area to look for a break though for invalidation. RSI has moved back over the 50 level, but is currently approaching it's line of resistance. On Balance Volume Similar to the RSI, OBV has also created a divergence and is also now approaching a level of resistance (Red Solid). Breaking the level would signal an invalidation, however in conjunction with the prior stated analysis, we believe it will become a triple top. TLDR; No pittering or pattering, just get to it. I like it, thats how we operate here. A clear head and shoulders pattern is forming with divergences on the RSI and OBV. Both indicators are re-approaching a levels of resistance while price action is attempting to make a lower high from the head. We believe price action makes a turn around, fills the gap, and moves lower to test the neckline; look for heavy selling volume to confirm the break and wait for the retest. Target areas of support are shown if the head and shoulders plays out What Seems Legit? Well if you got yer gamblin' purse and got the itch, sell in September no regerts in November. "Bro you missed the hidden continuation divergence!!!", we chose not to label that because the price action stayed flat and didn't actually move higher; which is what you normally see. If you do have your gamblin' purse but your down to your last roll of quarters, wait for the neckline to snap then get your feet wet on the retest. Check us out on Twitter for quick analysis charts not posted here, memes, and news that no one covers Chart Key Yellow Solid = Trend Line Red Solid = Resistance / Support Red / Teal Solid = Neckline Aqua Solid = Divergences White Dotted = H&S Invalidation Area Green Boxes = Supports / Target Areas
NYSE:CRMShort
by Seems_Legit_Research
1
CRM Salesforce Options Ahead of EarningsIf you haven`t sold CRM here: or reentered here: Then analyzing the options chain and the chart patterns of CRM Salesforce prior to the earnings report this week, I would consider purchasing the 210usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $8.75. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:CRMShort
by TopgOptions
3
CRM - BULLISH RALLYSalesforce stock (CRM) has seen a surge due to a truce with activist investor Elliott Management, the introduction of new AI services, and price increases on key products. The stock gained 5% in July, outperforming the market. CEO Marc Benioff's net worth has risen by $2.5 billion. Salesforce raised prices by an average of 9%, driving positive reactions from analysts. The company's AI Cloud product and upcoming AI tools have also generated excitement. Improved expense control and expectations of higher profit margins contribute to the positive outlook, despite economic uncertainties. It is fair to say previous highs are near posibility.
NYSE:CRMLong
by legacyFXofficial
Salesforce broke free from a triangle.Salesforce - 30d expiry - We look to Buy at 216.11 (stop at 206.11) The primary trend remains bullish. Broken out of the triangle formation to the upside. Previous resistance at 216 now becomes support. We look to buy dips. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. This stock has seen good sales growth. Our profit targets will be 240.11 and 245.11 Resistance: 225.00 / 230.00 / 235.00 Support: 216.00 / 213.00 / 208.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:CRMLong
by VantageMarkets
1
CRM - Salesforce potential buy entryWhen you take a glance at the CRM chart on the Weekly time frame, you can see that the stock made it's important move above the 200SMA line, which is considered as a good bullish sign for any stock to start it's rally up. Things to consider when looking at CRM chart: 1. On Weekly time frame, price confirmed it's last known support levels sitting at $191.5 and $195 price levels. 2. If todays CPI data are good, potential buyers may enter the market and all stocks could see a potential upside buy momentum. 3. According to todays inflation news, my entry will be partial, I will not enter the full position since we have a resistance zone just above the current price level, sitting at $203.5 to $206 price range. 4. If the above mentioned resistance line gets broken, I will surely be adding to my position. 5. I will not let the price of stock move a lot, my stop loss level will be set in place at price right below the box which is the last support line. Price I am looking for potential stop loss is set to $108.5. On Weekly time frame, that is just below the 200SMA line. On Daily, it is just under 50SMA line. In my opinion, those are good levels to exit the position if the price has a significant drop. 6. Ideal Take Profit price is set to $275.5 level, which is a good resistance zone. That doesn't mean I will held or close the position, this is just my long term price goal for the stock. If market gives me a clear signal, I will either exit the position or add to it, depending on the signal given. Of course, this is not a financial advice. This is just my personal opinion. Please do your due diligence before investing. NYSE:CRM
NYSE:CRMLong
by De_Banis
Salesforce (CRM) RISING HIGHERshort term long.If pullback is supported by low volume long. IF the pullback will be followed by high volume short Salesforce (CRM) One of the biggest players in the cloud-based customer relationship management (CRM) domain, Salesforce (CRM) provides solutions to bring companies and customers together through its platform. Beginning in a San Francisco apartment in 1999, Salesforce now services over 150,000 companies. Through its digital workflows, Salesforce aids companies in managing customer information and enhances the quality of interactions. It’s powered through data and its brands Tableau, MuleSoft and Heroku. On 3 May, Salesforce announced it had been ranked as the #1 CRM provider by the International Data Corporation (IDC) for the ninth consecutive year. Earlier this year, on 11 April, the company featured on Fortune’s 100 Best Companies to Work For list for the 14th time in a row. The Salesforce stock market price had grown significantly during Covid-19 global lockdowns. The ability to manage teams and businesses remotely was highly sought after, leading to the CRM historical stock price all-time high of $309.96 on 8 November 2021. However, since then the stock has fallen nearly 40% amid rising interest rates, peaking inflation and global supply chain issues. At the time of writing, CRM stock had last closed at $189.19 on 9 June. The company released its Q1 financial results for fiscal year 2023 on 31 May, boosting investor confidence in the Salesforce share value. With $7.41bn in revenue, the company achieved a year-over-year (YoY) growth of nearly 25%. Following a strong start in its first quarter, what does the future of this cloud-based digital advisor look like? Join us as we undertake a fundamental analysis, catch up on the latest CRM stock news and get analyst insights on Salesforce share price forecast. Salesforce stock fundamental analysis: Q1 financial results Salesforce quarterly financial results for fiscal 2023 ended 30 April 2022 showcased strong demand across the diverse range of industries and regions it caters to. Its top-line figure of $7.41bn was a 24.32% increase from Q1 FY 2022 figure of $5.96bn. According to data by Refinitiv, Salesforce surpassed analyst revenue expectations of $7.38bn. Across its two broad categories of revenue generation, subscription and support, and professional services, the former contributed approximately 92% of the overall revenues. Professional services climbed up to $555m from $427m in Q1 FY 2022. The company’s subscription and support channelcan be segregated to its sales, services, marketing and commerce, platform, and data domains. Of these, services contributed the most to the overall revenue. At $1.8bn in Salesforce service rose by nearly 20% YoY from $1.5bn. The lowest contributor remained through its data domains at $1bn. At $4.97bn, the American markets had a YoY growth of 21%, followed by the EMEA region with a 33% increase at $1.73bn, while APAC grew by 24% to $702m. Salesforce’s remaining performance obligation (RPO), grew by 21%. On a constant currency basis, this growth reflects a 24% YoY growth. RPO represents future revenues from future contracts that will drive revenues within the next 12 months of the company’s operating cycle. Russia’s invasion of Ukraine in February 2022 saw the macro environment turning shaky amid global supply chain issues and rising inflation. Salesforce reported a revenue headwind of nearly $109m YoY due to adverse foreign exchange movements. However, from its core operating business, the performance remained solid, reporting $3.7bn through its operating cash flow for the quarter ended 30 April. The company showcased a 15% growth from the previous year’s $3.2bn for the same quarter. Salesforce has continually upgraded to offer more than sales and service-related products. Through its data, marketing and commerce platforms, the company’s revenue opportunities, calculated through its total addressable market (TAM), are anticipated to grow to $284bn by 2026. Salesforce’s bottom-line, however, remained underwhelming. Compared to the same quarter a year ago, net income fell to $28m from $469m. Using Q1 generally accepted accounting principles (GAAP) diluted earning per share (EPS) was $0.03. Non-GAAP diluted EPS of $0.98 beat the Zacks consensus analyst expectations of $0.93.
CAPITALCOM:CRMLong
by DaveBrascoFX
Salesforce in an ascending triangle.Salesforce - 30d expiry - We look to Buy at 192.32 (stop at 184.98) The primary trend remains bullish. Price action has formed a bullish ascending triangle formation. Trend line support is located at 192. The bias is to break to the upside. Trading close to the psychological 200 level. A break of bespoke resistance at 200, and the move higher is already underway. This stock has seen good sales growth. Our profit targets will be 209.48 and 212.48 Resistance: 200 / 205 / 210 Support: 190.50 / 187.31 / 185 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:CRMLong
by VantageMarkets
CRM's Inverse Head and Shoulders aiming at $240 by Q4Salesforce Inc (CRM) broke above its Inverse Head and Shoulders (IH&S) pattern and by early next week should form a Golden Cross on the 1D time-frame. With the MACD just forming a Bullish Cross, we have all the confirmation we need to go heavily bullish on CRM and with the Support of the 1D MA100 (green trend-line) on the long-term, target the 0.618 Fibonacci retracement level at $240 by Q4. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:CRMLong
by TradingShot
3
Salesforce continues to ride on bullish momentum.Salesforce - 30d expiry - We look to Buy a break of 167.51 (stop at 158.51) Short term momentum is bullish. There is no clear indication that the upward move is coming to an end. A break of the recent high at 167.24 should result in a further move higher. The previous swing high is located at 166.03. A clear break of 167.24 and we would look for further gains to 190.00. Our profit targets will be 189.89 and 194.89 Resistance: 167.24 / 172.50 / 177.00 Support: 163.00 / 160.00 / 155.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:CRMLong
by VantageMarkets
2
CRM Salesforce - Weekly Chart ConcernHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Salesforce, Inc (CRM). The CRM price chart is self-explanatory. I posted about this stock in December 2021 and since that point, the price is down about 54%. It's not out of the water just yet as price has a possibility to head lower. There is a strong trend line where price may bounce from with historical support but that would mean price needs to come down another 29%. There is also a weekly Death Cross (50D and 200D SMA cross) that occurred recently, which may cause price to head lower. I have also included the Volume and RSI in this chart. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
NYSE:CRM
by MillionaireEconomics
CRM Salesforce.com: Bigger Drop ComingHello friends, today I am completing a technical analysis on the 1M linear scale chart for Salesforce.com ( CRM ), traded on the NYSE. #CryptoPickk notes the following: 1) Salesforce.com price has been falling month over month, down about 20% from it's all time high price. 2) The price has been supported by a multi-year arc line (in red color). In the past year, the price was supported by a rising trendline (in yellow color), however it broke that support and has potential to fall further. 3) Historically the price has had very large swings as shown in the chart. 4) Based on a Fibonacci Retracement, the price has the potential to touch the 0.236 level around $160-$165, which is also where the price can touch the multi-year arc line. This would be about a 48% drop from the all time high price. 5) There is also a multi-year Bearish Divergence which formed that is also a major reason why a further price drop may be coming. You can see the price has formed HIGH HIGH and RSI and Stoch RSI has formed LOWER HIGH. 6) Keep an eye on the RSI (relative strength index) as it has touched the 49-50 level historically before seeing a bounce. This may be a place to potentially start dollar cost averaging in. 7) This isn't the first time the price has potential to see a sizable drop as it has shown historically that it drops and then recovers. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
NYSE:CRM
by MillionaireEconomics
8