CRM - salesforce.com, inc.

NYSE - NYSE Delayed Price. Currency in USD
182.23
-0.46 (-0.25%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close182.69
Open183.23
Bid182.00 x 900
Ask182.20 x 900
Day's Range181.36 - 183.34
52 Week Range137.87 - 184.45
Volume3,876,546
Avg. Volume5,068,296
Market Cap161.638B
Beta (5Y Monthly)1.22
PE Ratio (TTM)203.38
EPS (TTM)0.90
Earnings DateMar. 01, 2020 - Mar. 05, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est195.22
  • Salesforce Breaks Out
    Investor's Business Daily Video

    Salesforce Breaks Out

    Software giant Salesforce clears long consolidation buy point of 167.66. The RS line is getting above short-term highs but is well below consolidation peaks.

  • S&P 500 Up 1000 Points in a Month: 10 Stocks Boosted the ETF
    Zacks

    S&P 500 Up 1000 Points in a Month: 10 Stocks Boosted the ETF

    The S&P 500 touched the 3,300 mark on Jan 16, having added 1000 points in less than a month. Which stocks led to the ETF rally.

  • Software Upstarts Hit Salesforce, Oracle on Tech and Sales Practices
    Bloomberg

    Software Upstarts Hit Salesforce, Oracle on Tech and Sales Practices

    (Bloomberg) -- When Salesforce.com Inc. emerged two decades ago, it lashed out at the software establishment: large companies that allegedly locked clients into dated products. Now, a coalition of newer rivals have extended that criticism to the cloud applications pioneer.  Ten software upstarts kicked off a public campaign Thursday that knocks customer relationship management, or CRM, titans, including Salesforce, Oracle Corp. and SAP SE, by saying the large companies keep clients trapped in subpar software suites, potentially shutting out smaller rivals with newer technology.The “Platform of Independents” leading the effort include Segment Inc., Amplitude Inc., Outreach Inc., Pendo.io Inc. and Drift.com Inc. Some of the companies are privately held unicorns, with valuations exceeding $1 billion. Each caters to a different software niche. The campaign began with a two-page ad in Thursday’s print edition of the Wall Street Journal and includes a web page and information sessions for prospective clients. More than 190 companies co-signed the main tenet of the campaign, that CRM software “isn’t enough” to provide good customer experiences to consumers.“We, as independent software companies, have built our products with the belief that a business should never be locked into a suite, never forced to have a one-size-fits-all technology approach, and its data should never be siloed,” the companies said in a statement. “It’s time to break free of the data monopoly.”The smaller companies argue the large software makers focus more on selling bundled packages of products than serving their clients’ needs with continuous innovation. Large technology companies have come under increasing antitrust scrutiny for their business practices, including how they wield power to maintain advantages over smaller firms. Beyond panning the quality of the bigger players’ technology, the chief executive officers of the startups said their larger rivals use acquisitions to bolster their market power.“If any of these guys becomes too big, that’s a threat to all of us in this ecosystem,” said Spenser Skates, CEO of Amplitude, which helps clients understand user behavior to improve product experiences. “Salesforce bought MuleSoft, Cisco bought AppDynamics. This is continuing to happen. It’s definitely a concern.”Representatives for Salesforce, Oracle, SAP, and Microsoft didn’t immediately respond to a request for comment. Salesforce has been well served by its strategy in the CRM market. The company’s shares climbed about 19% last year. Oracle’s stock rose about 17%. Salesforce led the market for customer-management applications with 16.8% as of 2018, the last full year for which data is available, according to research firm IDC. Oracle was next with 5.7% while SAP came in third with 5.6%. Adobe Inc. and Microsoft Corp. rounded out the top five.Salesforce, founded in 1999, is the youngest company in the group. The others have been around for about four decades.“I think there’s something significantly broken that there’s been no big CRM company built in the last 10, 15, or 20 years,” Peter Reinhardt, the CEO of Segment, which helps companies compile their data about consumers, said in an interview.Reinhardt, who spearheaded this campaign, said he isn’t interested in being acquired. Rather, he wants to work more closely with his Platform of Independents peers to jointly sell packages of software solutions to clients, as a way to counter the selling advantages and software product bundles of larger companies. And Reinhardt is optimistic that a shakeup is possible in enterprise technology.“I think we have a temporarily dominant set of companies,” he said. “But I think there’s a huge opportunity for another rewrite of the CRM world.”(Updates with 2019 share performance in the eighth paragraph.)To contact the author of this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Mark MilianFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Zacks

    Pre-Deal Jitters Spoil Intraday Records

    Pre-Deal Jitters Spoil Intraday Records

  • Microsoft CEO Satya Nadella: 'I really would love for the 2020s to be defined differently'
    Yahoo Finance

    Microsoft CEO Satya Nadella: 'I really would love for the 2020s to be defined differently'

    Yahoo Finance speaks at length about the future of retail and the cloud business in an exclusive interview with Microsoft CEO Satya Nadella.

  • IBM Plans to Boost Digitalization Solutions for Retailers
    Zacks

    IBM Plans to Boost Digitalization Solutions for Retailers

    IBM is developing solutions to help retail clients accelerate their digital transformation initiatives.

  • Salesforce.com (CRM) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Salesforce.com (CRM) Outpaces Stock Market Gains: What You Should Know

    Salesforce.com (CRM) closed the most recent trading day at $183.75, moving +1.97% from the previous trading session.

  • Microsoft CEO Satya Nadella: Winning the JEDI cloud contract should cause a 'halo effect'
    Yahoo Finance

    Microsoft CEO Satya Nadella: Winning the JEDI cloud contract should cause a 'halo effect'

    Yahoo Finance speaks with Microsoft CEO Satya Nadella about the company's big JEDI contract win from the U.S. government.

  • Microsoft CEO Satya Nadella: Here's what will define the future of retail
    Yahoo Finance

    Microsoft CEO Satya Nadella: Here's what will define the future of retail

    Retailers best do a better job of embracing technology in the next decade than they did in the past 10 years. Yahoo Finance speaks with Microsoft CEO Satya Nadella about the future of retail.

  • Salesforce announces new tools to boost developer experience on Commerce Cloud
    TechCrunch

    Salesforce announces new tools to boost developer experience on Commerce Cloud

    Salesforce announced some new developer tools today, designed to make it easier for programmers to build applications on top of Commerce Cloud in what is known in industry parlance as a "headless" system. To help with this goal, Salesforce announced some new and enhanced APIs that enable developers to take advantage of features built into the Commerce Cloud platform without having to build them from scratch. For instance, they could take advantage of Einstein, Salesforce's artificial intelligence platform, to add elements like next-best actions to the site, the kind of intelligent functionality that would typically be out of reach of most developers.

  • Microsoft Ups the Game in Retail Services With New Offerings
    Zacks

    Microsoft Ups the Game in Retail Services With New Offerings

    Microsoft (MSFT) is well poised to gain from digitization of retail services on the back of latest cloud-based retail services and product enhancements.

  • Microsoft's surging cloud business Azure should terrify Amazon: analyst
    Yahoo Finance

    Microsoft's surging cloud business Azure should terrify Amazon: analyst

    A top ranked tech analyst says Microsoft is gobbling up market share in the cloud industry.

  • Microsoft Pushes Cloud Services to Retailers Anxious to Avoid Amazon
    Bloomberg

    Microsoft Pushes Cloud Services to Retailers Anxious to Avoid Amazon

    (Bloomberg) -- Microsoft Corp. is unveiling new cloud tools designed for retail customers, seeking to position itself as an alternative to Amazon.com Inc. and corporate software companies like Slack Technologies Inc. and Salesforce.com Inc.Microsoft is adding a feature to its Slack rival, the Teams corporate chat program, that lets store workers push a button to turn their mobile phones into walkie-talkies for in-store communications. In a speech on Jan. 12 at a retail industry event, Microsoft Chief Executive Officer Satya Nadella plans to discuss how Ikea shifted more than 70,000 workers to Teams, using the service for meetings and chat. The home furnishing giant’s largest store, in Stockholm, also started using a scheduling feature to manage the shifts of 150 restaurant staffers.Ikea is also working with Microsoft to determine if Teams can play a role in its “store of the future” concepts. The Swedish company may put video screens in stores that use Teams to connect customers with kitchen design advisers, said Kenneth Lindegaard, an Ikea vice president. The company plans to have the rest of its 165,000-person workforce on Office 365 cloud software and Teams by the end of spring, although Ikea still has some smaller groups using Slack and Google’s G Suite, he said.  Ikea also uses Microsoft’s Azure and Google Cloud, he said.The retail industry has been one of Microsoft’s most successful as the software maker tries to gain ground in cloud computing against market leader Amazon Web Services and lure more customers to its internet-based Office products. Some retailers are loath to work with e-commerce rival Amazon. Nadella and Google Cloud chief Thomas Kurian are set to speak next week at the annual show of the National Retail Federation, the biggest retail trade group, underscoring how significant the industry is to Amazon’s biggest cloud competitors.  “A key part of our offering is that we partner and we don’t compete,” said Shelley Bransten, the vice president who oversees Microsoft’s work with retailers and consumer goods companies. But there are other benefits to working closely with retailers, she said in an interview. Some of the software products built for retailers will be useful for companies in other industries.For example, the walkie-talkie feature in Teams can help manufacturers, said Emma Williams, a Microsoft vice president who is charged with adding features to Office and Teams for use by customers in health care, retail, manufacturing and finance. Microsoft explained the new features in a blog post Thursday ahead of Nadella’s speech in New York, the CEO’s first appearance at the retail conference.Retail customers are also key to Microsoft’s competition with Salesforce, the leader in cloud-based customer relations software. Microsoft announced the official release of its Dynamics Commerce software for helping retailers manage inventory, scheduling, call centers, e-commerce sites and in-store operations. The company said outerwear maker Canada Goose Holdings Inc. has been using it. Microsoft also provided new details on how some previously announced Azure customers are working with its products. One year ago, Microsoft said Walgreens Boots Alliance Inc. would begin using Azure and deploy Microsoft 365—a collection of software that includes Windows 10, Office cloud services and security and mobile-management software—to the pharmacy giant’s more than 380,000 workers. Now Walgreens will try Microsoft’s HoloLens 2 goggles for worker training and the drugstore chain also is using Microsoft products to anonymously track shoppers’ steps, in order to better plan store layouts. Microsoft is also targeting another lucrative Amazon business — digital advertising for products on retailers’ websites. In August, Microsoft acquired New York-based PromoteIQ, which helps companies like Kroger Co. and Kohl’s Corp. sell ads on their websites to companies who want prime placement for their goods. Nadella will announce Home Depot has also signed up for the service.To contact the author of this story: Dina Bass in Seattle at dbass2@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Jillian WardFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Top Research Reports for Bank of America, Wells Fargo & Toyota Motor
    Zacks

    Top Research Reports for Bank of America, Wells Fargo & Toyota Motor

    Top Research Reports for Bank of America, Wells Fargo & Toyota Motor

  • Bloomberg

    Everyone Wants a Piece of Enterprise Tech Companies

    (Bloomberg) -- With all eyes this week on the CES trade show in Las Vegas, famous for a mind-boggling array of personal gadgets, it’s worth considering something counterintuitive: Venture capitalists like consumer technology a lot less than they used to.According to PitchBook data compiled for Bloomberg, last year the normal order of funding in venture capital flipped. Enterprise technology companies, which specialize in software or services for businesses—long the dowdiest landing pad for venture dollars—attracted $30.42 billion, PitchBook data shows, about one-third more cash than consumer technology companies.That funding total is growing fast. Enterprise companies’ venture haul for 2019 was almost double the previous year’s. Meanwhile, the cash going to consumer companies fell by almost a quarter between 2018 and 2019, according to PitchBook data, to $23.26 billion.Those numbers mark the first time in at least last five years that pure enterprise companies have raised more money than consumer-facing tech, the data shows. (Though a separate "undetermined" category, where the distinction between enterprise and consumer technology is not as clear, regularly outpaces both.) The switch comes at a time when enterprise companies’ initial public offerings have been warmly received by investors. For example, shares in video communications company Zoom Video Communications Inc. almost doubled after its April initial public offering. And security company Crowdstrike Holdings Inc. is up almost two-thirds following its June debut. Meanwhile, the most hotly anticipated consumer IPOs have underperformed. Ride-hailing service Uber Technologies Inc. is down by about a third since its June offering, and in an extreme case, co-working company WeWork’s plan for the public markets dramatically crumbled last fall.But public market reception isn’t the only thing driving investment. The enterprise industry—less saturated by existing industry giants—has become a destination for some of the most talented entrepreneurs, and VCs know it. While corporate software may sound painfully boring, advancements in cloud computing and machine learning mean enterprise companies can give employees creative outlets. Investors liken the new opportunities to those once sparked for consumer startups by the advent of smartphones. In the consumer world, large companies are famous for edging out or buying up threatening upstarts. Either outcome means entrepreneurs in the giants’ crosshairs will never get to lead sizeable independent companies. While some large enterprise companies follow that playbook—SAP SE and Salesforce.com Inc. have cemented reputations as acquisition-hungry—enterprise founders often enjoy more latitude to say no to acquisition offers, with less fear that the bigger company will crush them.Cloud-monitoring business Datadog Inc., for example, turned down a bid from Cisco Systems Inc. just days before its IPO in September. And Slack Technologies Inc. continues to grow even as Microsoft Corp. has spent years pushing Teams, its own answer to office messaging.It helps that cutting-edge enterprise software requires a degree of specialization that can be hard to replicate. And increasingly, enterprise customers are open to working with startups, blunting the reputational advantage big brand-name companies enjoy when they roll out a competing product.For insights into how founders are thinking, consider Oleg Rogynskyy, whose business analytics company, People.ai, is the second enterprise startup he's founded. His career could have gone in a consumer direction if he had pursued the first business he got funding for—a photo feed he started in college in 2007. It could have turned into Instagram, maybe, or it could have gone the way of countless other less lucrative photo-sharing startups (remember Hipstamatic, PicPlz and Path?).Switching to enterprise was a good move, Rogynskyy says now. He believes enterprise companies can more easily grow to $100 million in revenue and reach IPO faster than their consumer counterparts, even if those IPOs might raise less capital. “The outcomes are smaller,” Rogynskyy says, “but the odds are higher.”This article also ran in Bloomberg Technology’s Fully Charged newsletter. Sign up here. And here’s what you need to know in global technology news:Leaked Facebook Executive Memo Grapples With Its Role In U.S. ElectionsThe New York Times obtained a memo written by Andrew Bosworth, the head of virtual and augmented reality at Facebook, mulling the social network's role in the rise of President Trump. As World Leaders Shun TikTok, Impersonators Creep InAs TikTok catches fire among the younger set, world leaders and politicians have kept their distance amid national security concerns about the Chinese-owned app.Bitcoin Goes Ballistic After Breaking Through $8,000 LevelBitcoin climbed to the highest since November after breaching the $8,000 price level.Google Says Over 500 Million People Use Its Assistant MonthlyGoogle said its digital assistant is used by more than 500 million people every month. Depending on your perspective, that’s either a win for Google, or a big miss.To contact the author of this story: Sarah McBride in San Francisco at smcbride24@bloomberg.netTo contact the editor responsible for this story: Anne VanderMey at avandermey@bloomberg.net, Mark MilianFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Salesforce.com (CRM) Gains As Market Dips: What You Should Know
    Zacks

    Salesforce.com (CRM) Gains As Market Dips: What You Should Know

    Salesforce.com (CRM) closed the most recent trading day at $176, moving +1.47% from the previous trading session.

  • 5 Tech ETFs Riding High on Iran Tensions
    Zacks

    5 Tech ETFs Riding High on Iran Tensions

    Cybersecurity and cloud-computing ETFs have been riding higher on U.S.-Iran conflict.

  • The Zacks Analyst Blog Highlights: Apple, Amazon.com, Visa, salesforce.com and 3M Company
    Zacks

    The Zacks Analyst Blog Highlights: Apple, Amazon.com, Visa, salesforce.com and 3M Company

    The Zacks Analyst Blog Highlights: Apple, Amazon.com, Visa, salesforce.com and 3M Company

  • Top Research Reports for Apple, Amazon & Visa
    Zacks

    Top Research Reports for Apple, Amazon & Visa

    Top Research Reports for Apple, Amazon & Visa

  • Bloomberg

    Amazon Threatens to Fire Climate Activists, Group Says

    (Bloomberg) -- A group of Amazon.com Inc. employees who pushed the company to combat climate change say Amazon has threatened to fire some of them if they continue to speak out about their employer’s internal affairs.Two were threatened with termination, a spokesperson for Amazon Employees for Climate Justice said, and a total of four were told in meetings that they were in violation of the company’s policies on workers speaking to the press and on social media.Maren Costa, a user experience designer, was threatened with termination after speaking to the Washington Post, according to a statement from the group. “This is not the time to shoot the messengers,” Costa said in the release. “This is not the time to silence those who are speaking out.” (The Post is owned by Amazon Chief Executive Officer Jeff Bezos.)Jaci Anderson, an Amazon spokesperson, said in an emailed statement that the company’s external communications policy isn’t new. Employees are “encouraged to work within their teams,” and may suggest “improvements to how we operate through those internal channels.”Amazon shares rose 1.6% to $1,877 at 12:44 p.m. in New York.The tech industry has been roiled by employee activism in the past couple of years. After Google workers raised concerns about bidding on military contracts, the Alphabet Inc. search giant backed out of a U.S. Defense Department drone program and decided not to bid on a contract to build cloud services for the Pentagon. Employees at Microsoft Corp. and Salesforce.com Inc. pressured executives about their companies’ dealings with U.S. Immigration and Customs Enforcement.The Amazon Employees for Climate Justice in late 2018 began discussing ways to persuade their employer to curb its contributions to climate change. The e-commerce company to that point had committed to powering some of its infrastructure with renewable energy sources, but stopped short of the bigger commitments -- and transparency -- promised by some other large technology and logistics companies.The group put forward a shareholder resolution, backed by thousands of employees in an open letter, that called on Amazon to write a report detailing preparations for climate-related disruptions and plans to reduce use of the fossil fuels blamed for the Earth’s warming. Shareholders rejected the proposal at Amazon’s annual meeting in May.Amazon made much of the employees’ climate proposal a few months later, when Bezos in September announced aims to power Amazon’s operations entirely with renewable energy by 2030 and be carbon neutral by 2040. The announcement came a day before hundreds of employees held a rally at Seattle headquarters to kick off a march with other climate activists in the city and around the world.The employees say Amazon changed its policy on workers speaking to the media after workers had announced the September walkout. The updated policy requires employees to seek approval before speaking about Amazon in any public forum in which they’re identified as an Amazon employee, the employee group said.Anderson said work on that updated policy began in the spring of 2019 and was designed to make it easier to manage approvals for employee engagements.“I encourage you to review the policy again and in the future anytime you may consider speaking about Amazon’s business in a public forum,” Eric Sjoding, an employee in Amazon’s human resources group, wrote to Costa in a Nov. 22 email reviewed by Bloomberg.(Updates shares. A previous version of this story corrected the timing of Amazon climate announcement in second deck headline.)To contact the reporter on this story: Matt Day in Seattle at mday63@bloomberg.netTo contact the editors responsible for this story: Robin Ajello at rajello@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Has salesforce.com (CRM) Outpaced Other Computer and Technology Stocks This Year?
    Zacks

    Has salesforce.com (CRM) Outpaced Other Computer and Technology Stocks This Year?

    Is (CRM) Outperforming Other Computer and Technology Stocks This Year?

  • At US$163, Is It Time To Put salesforce.com, inc. (NYSE:CRM) On Your Watch List?
    Simply Wall St.

    At US$163, Is It Time To Put salesforce.com, inc. (NYSE:CRM) On Your Watch List?

    Let's talk about the popular salesforce.com, inc. (NYSE:CRM). The company's shares saw a double-digit share price rise...

  • Salesforce's Benioff issues a challenge to CEOs: 'Adopt a public school'
    Yahoo Finance

    Salesforce's Benioff issues a challenge to CEOs: 'Adopt a public school'

    Salesforce co-CEO Marc Benioff says it's in every company's interest to invest in public schools.

  • Microsoft Likely to Offer Segregated Windows 10 Updates
    Zacks

    Microsoft Likely to Offer Segregated Windows 10 Updates

    Microsoft (MSFT) is reportedly considering the segregation of its Windows 10 update by providing separate download options for features and security patches.

  • InMode, Navistar, Salesforce, Nvidia and Microsoft highlighted as Zacks Bull and Bear of the Day
    Zacks

    InMode, Navistar, Salesforce, Nvidia and Microsoft highlighted as Zacks Bull and Bear of the Day

    InMode, Navistar, Salesforce, Nvidia and Microsoft highlighted as Zacks Bull and Bear of the Day