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

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We believe the sell-off Wednesday is overdone, but also understand stocks aren't rewarded when growth is slowing.

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.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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