Salesforce is recommended as a buy ahead of its Q2 earnings report on August 26, driven by a modest valuation of 4x revenue and 14x PE, suggesting potential upside. The company recently completed a $27.5 billion share buyback, reducing shares by 12%, which supports its valuation. Growth in new AI-driven revenue streams like AgentForce and Data 360, generating over $4 billion in annual recurring revenue combined, strengthens the investment case. This positions Salesforce well despite lingering market negativity.
Salesforce announced its acquisition of AI startup Cresta for $2.7 billion, focusing on enhancing voice AI capabilities within its Service Cloud platform. Despite a 14% drop in its stock this year and a broader tech sector selloff, Salesforce continu...
Apple exceeded fiscal Q4 revenue expectations driven by strong iPhone sales and services, forecasting 7-10% revenue growth for the next quarter, above estimates. However, it warned of lower gross margins (45-46%) due to higher costs including memory ...
Securitize Corp. expanded its Securitize Stocks platform by adding 13 leading U.S. companies, including Arista Networks, ExxonMobil, Salesforce, and Disney, to its tokenized stock offering on the Solana blockchain. These tokens are backed 1:1 by actu...
Salesforce is acquiring Rune Technologies, a startup that develops AI software for U.S. military logistics, for $375 million in cash and stock. This deal enhances Salesforce's Missionforce unit, which serves defense agencies and recently secured a $5...
Salesforce stock is currently down for the year but shows strong potential for a comeback driven by its AI product Agentforce, which has seen annual recurring revenue grow over 240% year-over-year. Despite a recent 33% rally since July, the stock tra...
