We're cutting our price target on Salesforce after mixed earnings, soft guidance

Salesforce shares sank more than 16% Wednesday after reporting mixed earnings and revised guidance lower. The cloud software company is a high-quality stock in a rough neighborhood — at least for the near term. Revenue increased 11% year over year to $9.13 billion in the three months ended April 30, missing the $9.18 billion expected by analysts, according to estimates compiled by LSEG. Adjusted earnings per share of $2.44 rose 44% on an annual basis and topped the $2.

Signage on a Saleforce office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021.Salesforce shares sank more than 16% Wednesday after reporting mixed earnings and revised guidance lower. The cloud software company is a high-quality stock in a rough neighborhood — at least for the near term.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

After revenue miss, Salesforce CEO details the ‘measured' buying environment for enterprise software companiesSalesforce CEO Marc Benioff told CNBC’s Jim Cramer how the market for enterprise software companies has changed since the pandemic.
مصدر: NBCPhiladelphia - 🏆 569. / 51 اقرأ أكثر »

Stocks making the biggest moves after hours: Salesforce, UiPath, Capri, Pure Storage and moreThese are the stocks posting the largest moves in extended trading.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »