CRM Aug 2024 280.000 put
| Previous Close | 64.74 |
| Open | 56.11 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 280.00 |
| Expire Date | 2024-08-16 |
| Day's Range | 56.11 - 65.05 |
| Contract Range | N/A |
| Volume | |
| Open Interest | N/A |
Yahoo FinanceSalesforce open to large acquisitions, but analysts have concerns
Salesforce CEO Marc Benioff commented that the cloud software vendor is remaining cautious around M&A but won't shy away from deals it sees as additive.
- Yahoo Finance Video
Soft Q1 GDP, Salesforce falls, Dow shaves 300 points: Catalysts
First quarter GDP figures were softer than expected, rising by 3.0% compared to an expected 3.1%, leaving future Federal Reserve policy decisions up for further debate. US pending home sales fell by 7.7% in April, significantly more than predicted by the National Association of Realtors (NAR), which forecast a 1.0% month-over-month decline. Shares of Salesforce (CRM) are experiencing a dip after the company shared first quarter results on Wednesday, reporting a revenue miss for the first time in nearly two decades. The Dow Jones Industrial (^DJI) fell about 300 points on Thursday morning. For more expert insight and the latest market action, click here
- Yahoo Finance Video
Salesforce's stock plunge is mostly 'an overreaction': Analyst
Shares of Salesforce (CRM) are falling on Thursday after the company reported its first quarter results. The company posted a revenue miss for the first time in nearly two decades and slashed its subscription and support revenue forecast. CFRA Research Senior Equity Analyst Angelo Zino joins Morning Brief to discuss these results. Zino notes that companies investing in their AI initiatives comes at the expense of Salesforce's revenue trajectory. He points out that companies have to "fight for these dollars," a "headwind rather than a tailwind" for Salesforce's operations. Regarding the stock plunge, Zino believes "it's a little bit of an overreaction." Although some areas disappointed, the company still saw growth of 11% during the quarter. Zino also notes that a pickup could occur in the back half of the year due to the company's "recurring revenue nature." "I think ... the real issue right now is on the growth trajectory for this company. It's where does the growth number really kind of bottom out," Zino tells Yahoo Finance. Read more about Salesforce here. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
