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CRM

Salesforce.com Inc New York Stock Exchange
$226.4
Open: $224.81 High: $227.79 Low: $220.82 Close: $226.4
Range: 2021-01-21 - 2021-01-22
Volume: 16,047,643
Market: Closed
Powered by Finage Stock APIDelayed data
CRM
Salesforce.com Inc The Landmark @ One Market San Francisco CA, 94105 http://www.salesforce.com
Salesforce.com Inc is a software-as-a-service company that provides enterprise cloud computing solutions, offering social and mobile cloud apps and platform services, as well as professional services to facilitate the adoption of its solutions.
  • CEO: Marc Benioff / Keith Block
  • Employees: 29,000
  • Sector: Technology
  • Industry: Application Software
CRM News
Latest news about the CRM
  • 10 Best Software Stocks To Buy Now

    In this article we share our list of the 10 best software stocks to buy now. The world is seeing a software revolution as every business scrambles to adapt automation, Cloud computing, e-commerce and digital presence. You can skip our detailed discussion of why you should invest in software stocks for big gains and go […]

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  • 4 Robinhood Growth Stocks That'll Make You Richer in 2021

    Last year, numerous stock market records were broken. Online investing app Robinhood, which is known for its commission-free trades and gifting of free shares of stock to new users, gained approximately 3 million new users in 2020. Since the average age of Robinhood's user base is only 31, many of these new users are likely millennial or novice investors.

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  • Q4 Earnings Season Scorecard and Analyst Reports for Amazon, JPMorgan & Pfizer

    Q4 Earnings Season Scorecard and Analyst Reports for Amazon, JPMorgan & Pfizer

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  • Why Microsoft and 5 Other Software Stocks Could Still Be Buys

    Kash Rangan, who spent 15 years covering technology stocks at BofA Securities, also gives Sell ratings to Autodesk and Oracle.

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  • Microsoft stock is a buy while Oracle is a sell, says Goldman Sachs

    Goldman Sachs analyst Kash Rangan initiated coverage on a basket of software names late Thursday, assigning buy ratings to shares of Microsoft Corp. , Workday Inc. , Adobe Systems Inc. , ServiceNow Inc. , Salesforce.com Inc. , and Splunk Inc. . He's less upbeat about the prospects for Autodesk Inc. and Oracle Corp. as he assigned sell ratings to both names. Rangan's buy-rated stocks "lean more toward reasonably valued high quality growth franchises," he wrote. Companies like Microsoft, Salesforce, Workday, and Splunk look poised to benefit from a potential shift in software spending priorities toward the second half of the year, he argued. While corporate IT departments have been spending on "defensive" categories like video conferencing and remote applications, they could soon shift to more "offensive" areas like the public cloud, human-capital management, and financial tools, Rangan wrote. As for the sell-rated names, Rangan is worried about "secular pressure" for Oracle's middleware business and the health of Autodesk's customer base, particularly in terms of commercial construction companies after the pandemic ends.

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  • IBM earnings reveal two major challenges that won't be easily fixed

    IBM has its work cut out for it in pleasing investors in 2021.

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  • Salesforce.com (CRM) Stock Sinks As Market Gains: What You Should Know

    Salesforce.com (CRM) closed the most recent trading day at $222.17, moving -0.57% from the previous trading session.

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  • Dow Jones Rallies As President Biden Sworn In; S&P 500, Nasdaq Hit New Highs; Netflix Breaks Out

    Stocks rallied Wednesday, with the Dow Jones Industrial Average up 258 points, as Joe Biden was sworn in at noon ET to become the 46th U.S. president.

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  • Dow Jones Rallies 250 Points, Helped By Bullish Moves From Apple, Microsoft; 2 FANG Stocks Give Buy Signals

    The Dow Jones was up nicely in afternoon trading Wednesday, helped by bullish gains for Microsoft and Apple. Two FANG stocks flashed buy signals.

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  • Software Growth Stocks To Buy: Will 2021 Guidance Spook Or Embolden Investors?

    Amid the coronavirus pandemic, corporate spending priorities have shifted. When software growth stocks report December quarter earnings, 2021 guidance will be key.

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  • Sally Beauty (SBH) Bolsters Digital Offerings With Salesforce

    Sally Beauty's (SBH) partnership with salesforce.com (CRM) is powering its connected shopping experiences with Commerce Cloud, Marketing Cloud and Service Cloud.

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  • Salesforce (CRM) Invests in India Cloud Startup Darwinbox

    Salesforce (CRM), through its venture arm, continues to provide funding to cloud startups with its most recent $15-million investment in India-based cloud HR management startup, Darwinbox.

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  • Salesforce’s First India Investment is Cloud Startup Darwinbox

    (Bloomberg) -- Salesforce.com Inc. is making its first investment in an Indian company, a developer of human resources software that serves several of Asia’s largest tech startups.The U.S. giant’s venture arm is leading a $15 million financing round for Darwinbox, its first in India and its only investment in Asia outside of Japan. Headquartered in Hyderabad, the startup has already raised $35 million from backers including Lightspeed India, Sequoia Capital and 3one4 Capital among others.Darwinbox counts some of the world’s largest brands and Asian startups among its customers including Puma, Nivea, Indonesian online mall Tokopedia and Singapore’s Zilingo. It develops touchless attendance systems and provides hiring and onboarding and employment engagement tools to more than a million employees of 500 customers across 60 countries. The startup last raised funds in 2019 and has grown 300% since then, co-founder Jayant Paleti said.“Adoption of cloud-based services by enterprises was double the global average before the pandemic,” Paleti said in a phone interview. The former investment banker cofounded the startup in 2015 along with a colleague and a childhood friend, a former McKinsey consultant. “Since the pandemic, we are seeing a shift to the cloud within a few quarters that would have otherwise taken three or four years,” he added.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Do Institutions Own salesforce.com, inc. (NYSE:CRM) Shares?

    If you want to know who really controls salesforce.com, inc. ( NYSE:CRM ), then you'll have to look at the makeup of...

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  • Citrix Is in Talks to Buy Vista’s Wrike for $2 Billion-Plus

    (Bloomberg) -- Citrix Systems Inc. is in advanced talks to buy the work-management platform company Wrike Inc. for more than $2 billion, according to people familiar with the matter.A deal for Wrike, owned by the technology-focused buyout firm Vista Equity Partners, could be reached as soon as this week, the people said, asking not to be identified because the information was private. It would be the largest acquisition to date for Citrix.The deal isn’t finalized and talks could still fall apart.Representatives for Citrix and Wrike didn’t respond to requests for comment. A representative for Vista declined to comment.A deal topping $2 billion would likely deliver a substantial return on Vista’s investment. It would also be the largest acquisition to date for Citrix, according to data compiled by Bloomberg.Vista acquired a majority stake in San Jose, California-based Wrike in 2018. That deal valued the company at $800 million, the Wall Street Journal reported at the time.Citrix already sells some cloud and work-from-home products but the acquisition will bring it into the area of collaboration software, which helps teams work together better and complete projects.Work collaboration software such as Wrike’s has grown in popularity as businesses have increasingly relied on remote work since the onset of the coronavirus pandemic. Wrike’s competitors include Asana Inc., Atlassian Inc.’s Trello Inc. and Slack Technologies Inc., which has agreed to be acquired by Salesforce.com Inc. Wrike was founded by Andrew Filev in 2006 and is also backed by Bain Capital Ventures and Scale Venture Partners.Shares of Fort Lauderdale, Florida-based Citrix, have gained 15% in the past year, giving the company a market value of about $16 billion.Citrix had previously been subject to a campaign by Elliott Management Corp., which first disclosed its stake in Citrix in 2015. The investor, which has since exited, argued at the time that the company was suffering from execution issues and poor management and needed to simplify its business after a misguided buying spree. Since then, Citrix has spun off its GoTo meeting business, replaced two chief executive officers, revitalized revenue growth and expanded margins.The Wrike investment was made out of Vista’s Foundation Fund III, which is focused on middle-market enterprise software, data and technology-enabled companies. The fund has deployed $2.3 billion of the $2.75 billion it has raised, according to data compiled by Bloomberg.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Wedbush: Tesla Stock Has Double-Digit Upside, But Don't Buy TSLA

    Analyst Dan Ives just put a Street-high $950 price target on TSLA stock, but he maintained his Neutral stance. Here's why.

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  • With C3.ai Stock Down 22%, Investors Should Still Wait for Better

    When C3.ai (NYSE:AI) stock started trading in December, investors initially met shares with unprecedented demand. Prices jumped 300% within two weeks, giving AI stock the dubious award of “priciest tech stock” by Barron’s, a financial magazine. Source: Blackboard / Shutterstock Alas, such bullishness couldn’t last. C3.ai stock went on to lose a third of its value as investors reevaluated their options. With shares now at $138, is it time to pounce? The answer … is complicated. While AI stock is likely worth closer to $200 in the long run, its business model is poorly understood — despite its name, C3.ai is not actually an AI firm. That makes its shares risky: Hot-money investors will pull out when they realize the company will manage 40% to 70% annual growth, not 400% to 700%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Still, C3.ai has one of the best technological platforms in the business. So even if you’re hesitant buying shares at $138, make sure you’re ready to back up that truck the moment the stock ever crosses below $100 again. AI Stock: Red Hat for the 21st Century To understand what C3.ai does, consider the variety of apps that power a work-from-home routine. You might start the day checking emails on Microsoft (NASDAQ:MSFT) Outlook, then schedule meetings on Slack (NYSE:WORK) after logging sales calls on Salesforce (NYSE:CRM). All while trying to set up your toddler on a Zoom (NASDAQ:ZM) playdate. 7 Dividend Stocks That Are Growing Their Payouts Even those who don’t use software regularly all have the shared experience of some obtuse HR software that tells you, “your username wasn’t found in our system.” (But I work here!) It’s a tangle of software providers that rarely work together. C3.ai seeks to solve that problem for enterprise data. Founded in 2009 by veteran Silicon Valley billionaire Thomas M. Siebel, the firm packages various open-source software under a single umbrella. The final product, known as the C3.ai Suite, allows companies to use a single data-management platform. Rather than stitching together dozens of providers themselves, companies can exclusively use C3.ai to collect, distribute and analyze information. It’s not the first time a company has repackaged open-source software for enterprise use. RedHat, founded in 1993, put professional programmers (and a reasonably strong sales team) behind a new operating system Linux, which now runs 90% of public cloud computing services. And more recently, the Cloudera/Hortonworks (NYSE:CLDR) merger has worked to bring Hadoop, a powerful open-source data-networking tool, to enterprise clients. C3.ai, however, takes this a step further. It’s become arguably the best one-stop shop for companies seeking a unified data platform by including no fewer than 17 dimensions in its software suite. And according to an independent analysis by ZDNet, a business technology publication, two core patents at the company solve a long-standing issue of integrating Hadoop into enterprise software. So, even though the C3.ai Suite doesn’t focus on cutting-edge artificial intelligence, it provides the tools needed to run the massive computing power that AI and machine learning need. Growing Pains at C3.ai C3.ai isn’t without its faults. Most problematically, the company is an unabashedly technology-first, sales-second company. No salespeople sit on their executive team. And its lackluster sales performance means that the company’s top-three customers now produce almost 50% of total revenues. Growth has also slowed — the company saw just 11% revenue growth in the six months ending October 2020. These signs point to the same problem: the company needs a higher-quality sales operation. For most high-tech startups, adding a sales team is often a terrifying thought — what high-brow development team wants to “dirty” their ranks with smooth-talking salespeople? But even the highest-quality software won’t sell itself in the competitive B2B (business-to-business) world. Enterprises know that software switching costs are monumental. Most won’t switch services without a firm push from a good sales team. C3.ai has begun to solve this problem. In the past six months, the company more than doubled the stock-based compensation to its sales and marketing team. It’s a necessary first step, but the company still needs to find a winning sales formula to capitalize on its low marginal costs. AI Stock: What Is It Worth? The work-in-progress company has thrown Wall Street analysts into a virtual shouting match. The most bearish of all, J.P. Morgan analyst Mark Murphy, issued a $84 price target on the stock. This suggests a 40% downside. Meanwhile, Wedbush analyst Daniel Ives gave the company a $200 price target — creating a gap wide enough to sail a cruise liner through. In the short term, the truth is somewhere in between. C3.ai desperately needs to nurture its sales team with better management and incentives beyond generous stock options. Without that, the company will likely miss the 14.5% sequential growth that analysts expect, dragging its price to a range of $100 to $120. Longer term, however, C3.ai looks like a clear winner. Its hidden weapon, an enterprise-friendly packaging of Hadoop, is a keystone to any company that wants analytics, machine learning and AI capabilities. That includes everything from catching bank fraud to optimizing supply chains. And as the necessity for data analytics grows, so too will demand for the company’s products. Investors should observe; though the AI stock price looks weak today, it’s a long-term winner among the SaaS companies. On the date of publication, Tom Yeung did not have (either directly or indirectly) any positions in the securities mentioned in this article. Tom Yeung, CFA, is a registered investment advisor on a mission to bring simplicity to the world of investing. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post With C3.ai Stock Down 22%, Investors Should Still Wait for Better appeared first on InvestorPlace.

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  • Sally Beauty Holdings Delivers Immersive Beauty Experiences from Anywhere with Salesforce

    Salesforce (NYSE: CRM), the global leader in CRM, today announced that Sally Beauty Holdings (NYSE: SBH), the leader in professional hair color, has partnered with Salesforce to implement cloud-based enhancements to support the shopping experience for beauty enthusiasts and salon professionals.

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  • Is ADBE Stock A Buy In Amid Transformation, Big Alliances?

    Adobe successfully pivoted to cloud-based subscriptions. But new acquisitions raise risks. Is ADBE stock a buy?

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  • Capitol insurrection was 'a wake-up call': Cisco CEO

    Yahoo Finance chats with Cisco Chairman and CEO Chuck Robbins about the country's current political chaos and the path forward.

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