Salesforce's stock experienced significant volatility and overselling following weaker-than-expected earnings, leading to a 7.5% rally after a substantial decline. The company faced challenges with shrinking deals and delays, impacting its performance in the market. Analysts noted concerns about the stock's oversold status and potential downside risks. Salesforce was highlighted as the most oversold stock in the S&P 500, with executives acknowledging issues affecting the company's margins and growth potential.
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…
$CRM Bad report, layoffs likely. That said the move down felt over done and we already bounce quiet a bit. 243 would be next resistance... Big Island top on this one https://t.co/YfwL4PqnC7
$S closed down 13.34% on Fri. after reported its Q1 earnings results: Total revs up 40% y/y to $186.4M, +2 pps q/q Gross margin was 73% Customers w/ $100K+ ARR up 30% to 1,193 Expect Q2 revs to be min $197M, up ~32% y/y Revs growth remains stable at ~40% y/y, even though… https://t.co/iTRpPnijd3 https://t.co/oidsXXaVdT
Been a rough week in SaaS. But not everyone is having such a tough time: Canva growing 40% at $2.3B Toast growing 32% at $1.3B Samsara growing 39% at $1.1B Klaviyo growing 42% at $750m Monday growing 34% at $900m Zscaler growing 32% at $2.2B
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
$CRM $OKTA $DELL Salesforce executives told investors that deals are shrinking or getting delayed. Dell said its margin is getting smaller. Okta highlighted macroeconomic challenges. And Veeva’s CEO said on his company’s earnings call that generative artificial intelligence has…
Software stocks got pummeled this week after a cluster of troubling earnings reports https://t.co/Z5ks4mQU0U
Salesforce $CRM is the most oversold stock in the S&P 500 https://t.co/UuFnR1TXXn
$CRM analysis for an institutional client last weekend: "CRM was continually sold at every test of the 50-day this past week. That’s usually a bad sign, and the last 2 days, this has been hit quite hard. Today, the stock gapped again on volume, forming a mini-yellow gap window.… https://t.co/JqHxmjjMeY
$CRM anyone in the bus as long as me knows u don't see many mega cap names at 15 RSI unless something is seriously wrong like FRAUD. Not shocked the stock rallied 7% after hitting its most oversold level in years. I doubt much upside from here
$CRM anyone in the bus as long as me knows u don't see many mega cap names at 15 RSI unless something is seriously wrong like FRAUD. Not shocked the stock rallied 7% after hitting its most oversold level in years. I doubt much upside from hear
Salesforce +7.5% on news that a day elapsed after falling 19.7% #efficientmarketstheory
Salesforce is the most oversold stock on Wall Street amid a losing week for the markets https://t.co/rOAVGhjMHw
Look out below: AI’s double-edged sword slashes Dell, MongoDB, Salesforce and more https://t.co/Lr2vvVD8dT