Pretty good company, but looks like big positions are unloading -- selling into strength. This could drift up a bit more, but I'd be suspicious if I didn't see good volume.
Reporting tomorrow. It's an expensive stock, even the forward P/E is 2 times the growth rate, and the ROE is only 5%. Would not be surprised to see this dip.
I started a position in $120s and still holding. Yeah valuations look pretty stretched here, I am still hoping for a good quarter tomorrow
Salesforce has been on an acquisition spree, and the M&A tempo is still going steady. The company closed its $6.5 billion acquisition of MuleSoft, a major applications integration player. In addition, Salesforce has been expanding its international operations and creating partnership the likes of Amazon and Alphabet.
Sold at 160.05. Still like this company, but I just want to take a little bit of a profit on some of my holdings after a huge run in January for the market. Will see if I will get another chance to get back in
Dreaming of Better Returns Mon, Nov 18, 2019 What could be called the software industry's annual version of Woodstock kicks off tomorrow when salesforce.com (CRM) begins its annual Dreamforce event. The event is held each year at some point between September and December and is widely considered the largest tech industry conference in the world. While Dreamforce tends to shine as favorable a light as possible on salesforce.com, the conference hasn't always been a good time for the company's stock price. The chart below shows the performance of CRM's stock from the closing price the day before the event kicks off through the close on the conference's last day. Over the last 15 years, shares of CRM have seen an average decline of 0.75% (median: -1.45%) during the four-day conference with positive returns just under half of the time. While the overall average returns haven't been particularly good, we would note that things have started to get better for the stock during this conference with gains in each of the last four years. Even here, though, three of those four years saw gains of less than 1%.
This place sure seems less active that it used to be when it was hotstockmarket.com! Anyway bumping this cause its an underrated stock. Has been slow since the announcement of Slack (WORK) acquisition but this is a great long play IMO.
anecdotal only, but my employer uses at least one salesforce app that i'm aware of. was trained to use it but rarely do so. the best laid plans as they say. edit: the app is easy to use. no dig on salesforce but just poor management by my employer. ----- Salesforce Announces Slack Initiatives To Drive Work Productivity After $28B Acquisition Today 11:34 AM ET (Benzinga)Print Salesforce.com Inc's (NYSE: CRM) and Slack Technologies announced a digital headquarters to drive work productivity irrespective of location, marking the debut of Slack-First Customer 360 to connect employees, customers and partners in a single platform. Slack Connect will help companies securely work with external partners, vendors and customers. It's Salesforce.com's first set of features that integrate Slack's products, including Sales Cloud, Service Cloud, Marketing Cloud and Tableau, Venturebeat reports. The initiative aims to close deals, resolve cases and optimize sales campaigns. Salesforce introduced Account and Deal Slack rooms and Automated daily briefs to Sales Cloud and Swarming and Expert Finder in Service Cloud to drive remote work productivity. The announcements follow Salesforce's acquisition of Slack for $27.7 billion. Salesforce aims to tap Slack's ability to speed up and automate various Salesforce tasks, TechCrunch reports. CRM Price Action: CRM shares were down 0.29% at $248.47 in Tuesday trading. © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserve
