CRM News and Headlines - Salesforce.com

GuruFocus Articles Total 268
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Remote work spurs on the desire for automation

In the midst of the ongoing pandemic, several companies are working to further develop their artificial intelligence technologies, known as AI, to aid in a variety of different fields. These companies include Nvidia Corp. (NVDA), Salesforce.com Inc. (CRM), Amazon.com Inc. (AMZN), Twilio Inc. (TWLO) and Tencent Holdings Ltd. (TCEHY).

Through the pandemic, companies have rapidly moved their employees to remote work to avoid contact and reduce the spread of the virus. This move has spurred on the development of AI technologies as an aid to human workers. The pursuit of AI technology covers a wide range of applications, from deep

645 Views    Graham Griffin    2020-06-23 21:49
Sometimes a moat is just as important to keep customers in as it is to keep competition out

In 1864, Ulysses S. Grant became commander of all Union forces. Choosing to lead while attaching himself to the Army of the Potomac, several senior officers started warning him about how gifted Robert E. Lee – commander of the opposing Confederate Army of Northern Virginia – was and how he could do things no other general could conceive. After hearing these claims just a little too much, Grant finally burst out saying, “Let’s stop worrying about what Lee does, and worry about what we are going to do to beat him.” In the end, of course, Grant forced Lee to

257 Views    Thomas Macpherson    2020-06-23 21:14
Software giant will gain technology for monitoring security vulnerabilities in corporate hardware

In a move to help fulfill a $5 billion internet of things commitment made in 2018, Microsoft Corp. (MSFT) announced on June 22 it is acquiring cybersecurity startup CyberX Inc., which specializes in internet-connected industrial equipment, to “accelerate and secure customers’ IoT deployments.”

While the specifics of the deal were not disclosed, the Redmond, Washington-based software giant will gain additional technology for monitoring corporate hardware like alarms, cameras, phones and industrial control systems for security vulnerabilities.

In a blog post, Microsoft corporate vice presidents Michal Braverman-Blumenstyk and Sam George wrote the Waltham, Massachusetts-based startup’s technology will “complement” the existing

209 Views    Sydnee Gatewood    2020-06-22 16:17
Salesforce and Costco fall, Williams-Sonoma rises

Shares of Salesforce.com Inc. (CRM) fell almost 5% on Friday after reporting first-quarter revenue of $4.87 billion and earnings of 70 cents per share. It beat analysts' earnings estimations by one cent and revenue expectations by $20 million.

"Our results, amidst this global crisis, demonstrated our ability to execute at speed, innovate at scale and the strength of our business model," CEO Marc Benioff said. "We made long-term investments in keeping our employees safe, supporting our customers, delivering crucial innovation like Work.com, and helping our communities with PPE, grants, and technology. The pandemic showed us that digital is an

69 Views    Omar Venerio    2020-05-29 19:57
Firm's largest sales of the 1st quarter

Steve Mandel (Trades, Portfolio)’s Lone Pine Capital sold shares of the following stocks during the first quarter of 2020.

Salesforce.com

The firm exited its position in Salesforce.com Inc. (CRM). The trade had an impact of -3.57% on the portfolio.

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The provider of cloud computing solutions has a market cap of $158.74 billion and an enterprise value of $156.66 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the return on equity of 0.54% is underperforming the sector, the return on assets of 0.31%

86 Views    Tiziano Frateschi    2020-05-28 16:18
Tiger Management founder invests in AerCap, sells Qualcomm

Julian Robertson (Trades, Portfolio)’s Tiger Management recently disclosed its portfolio updates for the first quarter of 2020, which ended on March 31.

Often called the “father of the hedge fund,” Julian Robertson (Trades, Portfolio) founded Tiger Management in 1980, turning an initial $8 million into over $22 billion by the late 1990s. After losing 4% in 1998 and 19% in 1999 as rivals rode the dot-com bubble to its peak, he shut down the fund in 2000, and Tiger Management now only manages money from internal sources (mainly Robertson’s personal wealth). Robertson’s long-short strategy

470 Views    Margaret Moran    2020-05-26 22:21
The stock is down more than 19%

Shares of BlackBerry Ltd. (BB) fell more than 19% following its quarterly earnings report on Tuesday evening. The Canadian company reported results for its fourth quarter and full fiscal 2020, which ended Feb. 29.

The company’s earnings beat expectations, prompting an after-hours surge of about 5%. However, that gain was quickly wiped out on Wednesday and Thursday as the shares plunged further to trade at $3.31, down from Tuesday’s close of $4.12. This came after analysts revised their revenue outlook down to $990 million compared to an earlier estimate of $1.2 billion. BlackBerry is now

208 Views    Nicholas Kitonyi    2020-04-02 17:02
The largest Insider Buys this week were for Oracle Corp. (ORCL), Salesforce.com Inc. (CRM), AbbVie Inc. (ABBV) and FedEx Corp. (FDX)

According to GuruFocus data, the largest Insider Buys this week were for Oracle Corp. (ORCL), Salesforce.com Inc. (CRM), AbbVie Inc. (ABBV) and FedEx Corp. (FDX).

Oracle Corp. Director Charles W. Moorman bought 20,000 shares

Director Charles W. Moorman bought 20,000 shares of Oracle Corp. (ORCL) stock on March 26 at the average price of $48.59. The price of the stock has increased by 5.64% since.

Oracle Corp. is an American international computer technology company that sells database software, enterprise software products and cloud engineered systems. In 2019, the company was the second-largest software company by revenue and market capitalization.

The

239 Views    Shuda Xia    2020-03-29 16:16
The hedge fund giants both raked in over $1 billion in 2019

On March 25, the 19th annual Institutional Investor’s Rich List revealed that hedge fund giants Steven Cohen (Trades, Portfolio), head of Point72 Asset Management, and Appaloosa Management’s David Tepper (Trades, Portfolio) were among the biggest earners in 2019.

The list, which is composed of the highest-earning managers for the 12-month period, found that the top 25 hedge funds made a combined $20.2 billion last year, the most since 2013.

Other top investors followed by GuruFocus that made the top 10 were Jim Simons (Trades, Portfolio), the head of Renaissance Technologies,

713 Views    Sydnee Gatewood    2020-03-26 16:38
At a glance, cheetahs and leopards may seem like two very similar animals. The same can be said for value and growth investing, but looking beyond the 'spots' reveals several critical distinctions

In the African Savanna, it takes strength and resilience to survive. The same is true of the asset management industry, and there are a number of parallels to be made between the creatures that inhabit the wild grasslands and the fund managers that fill the investing space. By examining the behavior of two wild cats – the cheetah and the leopard – we can help explain some of the important differences between value and growth investing. When you look at the two animals, it’s easy to be confused about which is which. At first glance, cheetahs and leopards are similarly

63 Views    Sydnee Gatewood    2020-03-20 16:54
Insiders load up on Salesforce.com, Ford, Catalent and PPD

The largest insider buys this week were for Salesforce.com Inc. (CRM), Ford Motor Co. (F), Catalent Inc. (CTLT) and PPD Inc. (PPD).

Salesforce director bought 1,100 shares

Director Susan Wojcicki bought 1,100 shares on Feb. 12 for an average price of $189.36. The stock has gained 0.31% since then.

Salesforce is an American cloud computing company. Although most of its revenue comes from a customer relationship management product, the company also capitalizes on commercial applications of social networking through acquisition. The company has a market capitalization of $168.49 billion; as of Feb. 14, it traded at $189.95.

On Dec. 12,

92 Views    Shuda Xia    2020-02-16 21:07
Guru trims position in software company

Weitz Investment Management leader Wallace Weitz (Trades, Portfolio) revealed last week he trimmed his long-held Intelligent Systems Corp. (INS) stake by 13.12%.

When picking stocks, the investor’s Omaha, Nebraska-based firm combines Benjamin Graham’s price sensitivity and insistence on margin of safety with a conviction that qualitative factors that allow the company to control its destiny can be more important than statistical values like book value and earnings.

According to GuruFocus Real-Time Picks, a Premium feature, the guru sold 284,095 shares of the Norcross, Georgia-based software company on Dec. 31, impacting the equity portfolio by -0.47%. The

213 Views    Sydnee Gatewood    2020-01-13 17:29
Insiders invest in Salesforce.com, Lamb Weston, Karuna Therapeutics and Compass Diversified Holdings

The largest Insider Buys this week were in Salesforce.com Inc. (CRM), Lamb Weston Holdings Inc. (LW), Karuna Therapeutics Inc. (KRTX) and Compass Diversified Holdings (CODI).

Salesforce.com director bought 1,100 shares

Director Susan Wojcicki bought 1,100 shares on Jan. 7 for an average price of $175.26. The stock has gained 2.82% since then.

Salesforce is an American cloud computing company. Although most of its revenue comes from customer relationship management products, the company also capitalizes on commercial applications of social networking through acquisition. The company has a market capitalization of $159.84 billion; as of Jan. 10, it traded at $180.20.

On

103 Views    Shuda Xia    2020-01-12 19:36
The tech giant has seen its stock price move sideways, driven by a weak earnings outlook

Cloud-based services, particularly enterprise solutions following a subscription model, attract a high premium when it comes to stock price. The market tends to value these companies higher than most other sectors because of the strong dependence of clients on these products, which results in revenue stability. This often makes it difficult for investors to understand whether a given stock in this sector is overvalued or not. A classic example of a company creating such a dilemma in the minds of its investors today is Salesforce (CRM).

What does Salesforce do?

Salesforce is one of the market leaders in the cloud-based

48 Views    Ishan Majumdar    2019-12-11 17:39
The US cloud computing company targets strong revenue growth for fiscal 2020 and 2021

Shares of Salesforce.com Inc (CRM) were slightly down 0.97% to $160 per share in after-hours trading on Tuesday, despite topping consensus estimates on adjusted earnings and revenue for the company's third quarter of fiscal 2020, which ended on Oct. 31.

Adjusted earnings per diluted share of 75 cents was up 23% year-over-year and exceeded consensus estimates by 9 cents.

Total revenue of $4.51 billion marked a 33% increase from the prior-year quarter, surpassing projections by $60 million.

By segment, subscription and support revenues of $4.24 billion represented a gain of 33.8% and professional services and other revenues of $274 million

47 Views    Alberto Abaterusso    2019-12-04 16:29
Revenue increased year-over-year, but earnings fell

Salesforce.com Inc. (CRM) released its third-quarter results on Dec. 3 after the market closed. The global leader in customer relationship management surpassed Wall Street’s revenue expectations thanks to robust subscription revenue and support revenue growth. However, the company registered a net loss during the quarter.

Snapshot of the quarter

Salesforce posted GAAP losses of 12 cents per share in the third quarter, down from a profit of 13 cents per share reported in the prior-year quarter. Barring certain items, the company posted adjusted earnings of 75 cents per share.

Revenue during the same period came to $4.5 billion, up

45 Views    Mayank Marwah    2019-12-04 16:20
The largest new position is in LKQ Corp

Guru Wallace Weitz (Trades, Portfolio), leader of Weitz Investment Management, released his third-quarter portfolio earlier this week, listing three new positions.

When picking stocks, the investor’s Omaha, Nebraska-based firm combines Benjamin Graham’s price sensitivity and insistence on margin of safety with a conviction that qualitative factors that allow the company to control its destiny can be more important than statistical values like book value and earnings.

Based on these criteria, Weitz established positions in LKQ Corp. (LKQ), Salesforce.com Inc. (CRM) and Expedia Group Inc. (EXPE) during the quarter.

LKQ

Weitz invested in 750,900 shares of LKQ, dedicating

237 Views    Sydnee Gatewood    2019-11-14 17:18
Guru believes easy monetary policy, lower taxes will push market into record territory

On Wednesday, billionaire investor Paul Tudor Jones (Trades, Portfolio) identified several factors that are driving the market higher on CNBC’s “Squawk Box.”

The guru, who is the founder and chief investment officer of Tudor Investment Corp., pointed to the combination of easy monetary policy in the U.S. and lower taxes, which he believes could push the market into record territory.

“We’ve got an explosive combination of monetary and fiscal policy right now,” Jones said. “We’ve got a 5% budget deficit coupled with the lowest real rates that you can image with the economy at full employment. That’s

559 Views    Sydnee Gatewood    2019-11-13 17:10
Netflix tops the list

While gurus hold positions in these companies, their share prices and returns continue to decline. The following are the worst-performing stocks over the past six months with a long-term presence in more than five gurus' portfolios.

Shares of Salesforce.com Inc. (CRM) declined 5.85% over the past six months. The stock is held by 22 gurus.

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The company, which provides customer relationship management applications, has a $133.35 billion market cap. The stock was trading with a price-earnings ratio of 127.77. As of Thursday, the share price of $152.05 was 9.26% below

156 Views    Tiziano Frateschi    2019-09-26 16:37
The company's global expansion plan is starting to pay off

The internet software and services industry is one of the fastest-growing in the technology sector. This is partly due to the rapid growth of the cloud computing market, which is driven by a growing demand for cloud-based services. This growth is opening endless opportunities for companies that provide specialized software and services.

Therefore, global multinationals like Salesforce.com Inc. (CRM), Alphabet Inc. (GOOG) (GOOGL) and Microsoft Corp. (MSFT) will be among those that could benefit significantly in the coming years.

But in order to fully capitalize on the rapid growth of the internet software and service market,

191 Views    Nicholas Kitonyi    2019-09-10 22:00

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