Salesforce shares plunged about 18-22% after the company forecasted its lowest-ever quarterly revenue growth and missed Wall Street estimates. The weak forecast raised concerns of AI competition, leading to the stock's worst performance since 2004. This marks Salesforce's first revenue miss in 73 quarters, with the company projecting single-digit growth ahead.
Salesforce posts first revenue miss since 2006. 🩸 Are you a buyer at 28x earnings? $CRM https://t.co/XZ3tICM7ut
What I Read This Week: Salesforce’s share price dropped more than 20% after releasing its Q2 2024 earnings, despite earnings falling just 0.3% below Wall Street analysts' expectations. What's going on? Two factors appear to be responsible for this decline. First, a slowing…
What’s eating B2B SaaS is not AI : ANALYSIS: On Thursday, SalesForce (CRM) released weaker than expected earnings, resulting in the biggest 1-day decline in the stock since 2004. It was the latest in a string of… https://t.co/c1CH2e8O69 #AI #categoryBusinessIndustrial
Elastic NV earnings and how #AI might yet save the day, in just one-minute 💰: https://t.co/l3k8EajLBS $ESTC 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE #Elastic NV
The Dow Dumped Exxon in 2020. Adding Salesforce Was a Losing Move. https://t.co/YakcE3JHNV
Salesforce's shares plummeted by 18% due to a bleak quarterly revenue forecast #AI #artificialintelligence #Investment #llm #machinelearning #Salesforce https://t.co/GG6heRNFVP https://t.co/b2uZSsvl3m
Salesforce $CRM fell ~20% after Q1 results on Thu At $218, market cap. is $212bn FY24 GAAP EPS $4.20, Non-GAAP EPS $8.22 FCF $9.498bn mgmt., $6.323bn post SBC/investments FY25 guide: GAAP EPS $6.04-6.12, Non-GAAP $9.86-9.94 Best valuation metric is 33.5x FY23 FCF (post-SBC) https://t.co/vKWuwSjx4i
$CRM is losing in AI https://t.co/1EF7AbsUrS
Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm. More here: https://t.co/yfwWYN3z5p https://t.co/MncoPiGGKH
Salesforce shares plummeted after the company forecast its lowest-ever quarterly revenue growth and missed Wall Street estimates on profit outlook https://t.co/nO8S9TopAw https://t.co/QwX7jW6bdr
.@Salesforce's Q2 outlook disappoints, Q1 mixed https://t.co/Ne9fa3tutl Salesforce’s Q2 outlook missed expectations, but the company said it is still early innings for generative AI demand. Nevertheless, Salesforce is projecting single-digit growth for the quarter ahead @ldignan https://t.co/HN9V9cJSuu
Salesforce's crucible moment Salesforce is poised to enter uncharted territory. Q2 will be the slowest revenue growth quarter in their history, and crucially, their first ever single digit YoY revenue growth quarter. (They project a max revenue growth of 8% YoY in Q2).…
SF's Salesforce is having its worst stock market day in more than decade https://t.co/UH1V0NRAF2
A big decline in Salesforce shares helped drag stock indexes lower Thursday, masking a broad rally outside of the tech sector https://t.co/UovHyyDyHg
Shares of Salesforce $CRM tumbled over 20% on its first-quarter revenue miss, sending the Dow down approximately 300 points for the day: https://t.co/3MZgQndTdF How Salesforce $CRM (-20.62%) Makes Its Money: https://t.co/B1IfzIZT1D #investing #stocks https://t.co/cBXu9QRqXy https://t.co/v2yxtBATbq
Salesforce stock getting wrecked https://t.co/wG2h6mYVNG
Salesforce shares plummeted after the company forecast its lowest-ever quarterly revenue growth and missed Wall Street estimates on profit outlook. More here: https://t.co/yfwWYN3z5p https://t.co/heygi4Wd6U
Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm https://t.co/nO8S9TopAw https://t.co/owAHmvf8hk
LISTEN NOW: Salesforce's quarterly revenue miss and weak guidance has sent shares plunging today, as the threat of AI looms over the cloud. Listen to the @CNBCTechCheck podcast here: https://t.co/GkIlXbKLTT https://t.co/T9AYC1f8k4
$CRM 2nd-worst day ever https://t.co/RVGplHuSzD
.@Salesforce's Q2 outlook disappoints, Q1 mixed https://t.co/rPjx7VdLS6 Salesforce’s Q2 outlook missed expectations, but the company said it is still early innings for generative AI demand. Nevertheless, Salesforce is projecting single-digit growth for the quarter ahead. @ldignan
$CRM Salesforce is on pace for its worst day since 2004... Stock is down 21% after disappointing earnings yesterday Its worst trading day EVER was July 4, 2004, when shares fell 27% Hide the pain $CRM bulls... https://t.co/iwIEjs1Iv6
"Here are the returns since they decided to kick Exxon Mobil out of the Dow Jones Industrial Average, where it had been for over 90 years, to replace them with Salesforce back in August of 2020." $XOM $CRM @allstarcharts https://t.co/Tkona0YN3i
LISTEN NOW: Salesforce plunging 20% after its first revenue miss since 2006, but is it just AI growing pains or is AI killing SAAS? Listen and follow the @CNBCTheExchange podcast here: https://t.co/tsZvRrrBYa https://t.co/NNLP5tiGtc
Shares of Salesforce $CRM are currently on pace for its worst day since 2004 https://t.co/ihuGOzM6pv
⚠️BREAKING: *SALESFORCE SHARES PLUNGE 22% FOR WORST DROP SINCE 2004 $CRM https://t.co/AhiQKZJxyK
📽️ WATCH - SALESFORCE PLUMMETS AS WEAK FORECAST SPARKS CONCERNS OF AI COMPETITION Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the… https://t.co/aAeOBn6qsn
Salesforce's quarterly revenue miss and weak guidance has sent shares plunging today, as the threat of AI looms over the cloud. Could it be a trend we're seeing across software, or might $CRM just be the wrong business model for the coming age of AI? @dee_bosa has the story https://t.co/1Y2cSFTo9V
Salesforce $CRM down 20% on earnings miss and lowered guidance. Is the #AI hype hurting Salesforce? 🤔 Some analysts say yes,but others see a buying opportunity. What do you think? @MXLESQ @ryanmastro5 on Rebel's Edge 🏴☠️ 1pm https://t.co/e0FcYzTUIC
$CRM Salesforce is down 21%. Now that it’s been 24 hours…what are people thinking? Is it an overvalued “AI” software business or is the street completely wrong and the $6.1B in FCF is something that can’t be ignored? Can anyone who uses $CRM in their business shed some… https://t.co/giHq08qCCZ
Salesforce $CRM is on track for its biggest loss since July 21, 2004 https://t.co/CCpDgdLqxZ
Salesforce shares plummeted after the customer-management software maker warned late Wednesday that its second-quarter revenue and earnings would come in significantly below Wall Street’s expectations. https://t.co/zrNy1eYBAt
On August 31st 2020, Salesforce replaced Exxon Mobil in the Dow Jones Industrial Average. Since then: $CRM 🔴 -19% $XOM 🟢 +192% https://t.co/SYeQ41ZgTG
Salesforce Earnings Report and Sales Projections Not looking good as Stock Price Nose Dives #Salesforce #technologies #Stockprice #WallStreet #earnings #AI #business #Sales #Thursdaymood #FutureTech #Salesforceai #CRMSpaceinfo https://t.co/wKOs2Vr7cz
Salesforce replaced Exxon Mobil in the Dow Jones back in August 2020 Since being replaced Exxon $XOM is up nearly 170% since the August 24, 2020 announcement of its exit from the Dow, while Salesforce $CRM has gained just 4% over the same period - CNBC
Salesforce’s skid is responsible for virtually the entire Dow decline today https://t.co/3BCUtdOxwg
Salesforce plunges 21% after it reports its first revenue miss since 2006 https://t.co/Hho75kknFx
Exxon trouncing Salesforce since software stock replaced oil giant in the Dow four years ago https://t.co/wEbkV0KG6D
Investors and analysts may have had high expectations for Salesforce's $CRM revenue growth based on its historical performance. When the company reported a miss, it fell short of these expectations, leading to wiping out 5 years of Alpha today. https://t.co/gIo3ZroHaO
"Investments in AI is crowding out investments in software," says Brian Schwartz when asked about Salesforce’s disappointing quarter. "There's been less hiring, so less software investment if you have less people." https://t.co/lNryt4j2Us
August 2020 Exxon Mobil removed from the Dow August 2020 Salesforce added to the Dow Since then: • Salesforce: -21% • ExxonMobil: +180%
The Dow Jones Industrial Average faltered Thursday thanks in large part to a massive selloff for software giant Salesforce. https://t.co/dL7tgJBwSu
⚠️ JUST IN: *SALESFORCE PLUNGES OVER 20% AS GUIDANCE FALLS SHORT OF ESTIMATES $CRM https://t.co/xwaw4eKYAr
$CRM saw its first revenue miss since 2006. Is it part of a broader paradigm shift for software in the wake of the AI surge? @jimcramer, @davidfaber & @carlquintanilla discuss. https://t.co/Lww09KVEbt
The Dow Jones Industrial Average tumbled 375 points today following the release of negative jobless claims and GDP data. Additionally, Salesforce stock plummeted by 20% after disappointing earnings report. #DowJones #Salesforce #Economy $CRM $DOW
Buy post-earnings weakness in Salesforce $CRM stock: Wedbush https://t.co/uEoiaa9zJo https://t.co/QxXwa2wedb
Salesforce drops on first-ever single-digit sales growth outlook https://t.co/MULXjJQE2J 🔻 $CRM -19.60% https://t.co/OEwucRbLQH
Salesforce down 18% at open after it reported revenue for the first quarter of fiscal 2025 that missed analysts' estimates and offered weaker-than-expected guidance for the second quarter. It's one of the components dragging the DJIA lower.
JUST IN: Salesforce, $CRM, which was the 30th largest public company in the world yesterday, is now down almost 20%. $CRM has erased nearly $60 billion in market cap this week after posting its first revenue miss since 2006. The stock is now down 15% in 2024 and has erased all… https://t.co/RTzvEorUSs
Salesforce shares slid by the most in nearly 16 years after the software maker projected the slowest quarterly sales growth in history. https://t.co/LGyjQXte6o
Salesforce plummets as weak forecast sparks concerns of AI competition https://t.co/UXdzAcRz4b https://t.co/lk04HGI6TS
Salesforce $CRM is down almost 19% in today’s early trading following it earnings last night https://t.co/cJmUXVeTJ1
*SALESFORCE SHARES PLUNGE 18% FOR WORST DROP SINCE 2008
This quarter was Salesforce's $CRM first revenue miss in 73 quarters going back to February 2006! https://t.co/yiPTomGcTK
"This is kind of an environment where the enterprise space needs to invest heavily in AI," CFRA Research analyst @AngeloZino says on $CRM's disappointing guidance, adding: Salesforce "is looking at AI... as more of a headwind rather than a tailwind." https://t.co/MTE0m3JGGy
$CRM | Key Highlights from Salesforce, Inc.'s Q1 2025 Earnings Call 👉 Revenue Growth and Financial Performance: 📍 Revenue for Q1 reached $9.13 billion, an 11% year-over-year increase in both nominal and constant currency. 📍 Subscription and support revenue grew by 12%… https://t.co/8DJiDPlrGB
Salesforce shares tumble 17%, on pace for worst day since 2008 https://t.co/SeHUdUNBxe
Wedbush: Buy Salesforce Stock Post-Earnings Dip They view the setback as minor within a broader growth trajectory. $CRM's April results and July guidance were below expectations, but the company maintained its FY25 guidance, showing confidence in meeting year-end goals despite…
Harsh reaction from the market: Salesforce shares plunge 16% on first revenue miss since 2006 https://t.co/NyLcmXD5F9
Salesforce is on pace to have its second-worst one-day reaction to earnings as a public company and just its 5th one-day decline of over 10%. $CRM https://t.co/fB22mTWwLT
$CRM (-16.3% pre) Salesforce shares plunge 16% on first revenue miss since 2006 - CNBC https://t.co/5DnDpgkpUI
Salesforce stock price plunge over tiny misses in revenue and earnings reads like a narrative failure versus a financial one. The company is forecasting under 10% growth for the first time ever and said deals are taking longer as companies scrutinize budgets. -16% is. excessive https://t.co/OVmWYkbwC9
Salesforce dips on weak forecast, sparking AI competition concerns. As GenAI innovation faces challenges, what's next in AI for tech giants like Salesforce? 💡🤖 #AI #Tech #Innovation @Salesforce https://t.co/dyk7qzKyZx
1/ Salesforce $CRM Fiscal Q1 2025 Results: Beats Earnings by ~3% & Misses Revenue expectations by ~0.2% Total Revenue: $9.13 Bn, up 10% YoY, down 2% QoQ Net Income: $1.5 Bn, up 670% YoY, up 7% QoQ Shares down ~15% after results https://t.co/pF6uUKVK7Q
This AI Revolution is just starting and Salesforce earnings we view as a small speed bump on a long term growth trajectory led by @Benioff 🔥🏆🍿 @CNBCWEX https://t.co/Q4kwlKG43T
🔵 SALESFORCE PLUMMETS AS WEAK FORECAST SPARKS CONCERN OF AI COMPETITION Full Story → https://t.co/QoydhKKTZX Salesforce shares sank 16% before the bell on Thursday after its lowest quarterly revenue growth forecast on record raised fears that high interest rates and AI…
This AI Revolution is just starting and Salesforce earnings we view as a small speed bump on a long term growth trajectory led by @Benioff 🔥🏆🍿 @LastCallCNBC https://t.co/Q4kwlKG43T
Great to be on @CNBCWEX with @FrankCNBC discussing why we would be strong buyers of @salesforce today on weakness as the AI Revolution takes shape over the coming years 🔥🏆📺🍿 @CNBC @CNBCtech https://t.co/Q4kwlKG43T
Great to be on @CNBCWEX with @FrankCNBC discussing why would be strong buyers of @salesforce today on weakness as the AI Revolution takes shape over the coming years 🔥🏆📺🍿 @CNBC @CNBCtech https://t.co/Q4kwlKG43T
Salesforce shares tumble as soft cloud demand hurts forecasts https://t.co/amsX4o65QB https://t.co/IbFpJzLryg
⚡️ Our quick take on everything you need to know about https://t.co/YpGUf3QYzK earnings: https://t.co/K6cpvfawTq $AI 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE #C3.ai
💰🔑 A key takeaway from just reported Salesforce earnings: https://t.co/JGTzW3WTGr $CRM 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE #Salesforce
Salesforce shares tumble after-hours on first earnings miss since 2006 https://t.co/o5JPTfrfDc
Salesforce shares plunge 17% on revenue miss, weak forecast https://t.co/f8Hd3ixAL5
Salesforce's extremely weak billings growth is even worse than it appears given the across-the-board price increases (an average 9%) the company instituted in the second half of 2023. https://t.co/iEq3Gd28i7 https://t.co/tdkbKIyIJX
Live news: Salesforce shares sink after weak profit guidance https://t.co/RVjhDUbrjN
Salesforce Shares Plunge 17% On First Revenue Miss Since 2006 https://t.co/xIEqDwqIUI
$CRM Salesforce is down BIG after earnings... ▪ EPS of $2.44, beating expectations of $2.37 ▪ Revenue of $9.13B, missing expectations of $9.15B ▪ Sees Q2 revenue $9.2B-$9.25B, below $9.35B est. Stock is down 16% 📉 https://t.co/H5McXGsoc8