Company Of The Day: Salesforce.com
What?
Salesforce.com (NASDAQ:CRM) posted a stronger than expected set of Q3 FY’22 results with revenue coming in at $6.86 billion, up 27% year-over-year, and adjusted EPS standing at $1.27 a share.
However, guidance for the January quarter came in weaker than expected and the company also projected growth in current remaining performance obligations – an indicator of its future growth – at just 19%, down from 23% last quarter.
- Up 69% In The Last Twelve Months, What To Expect From Salesforce Stock?
- Up 74% Since The Beginning of 2023, Will Salesforce Stock Continue Its Strong Rally?
- Salesforce Stock Is Undervalued
- Salesforce Stock To Edge Past The Consensus In Q1
- Salesforce Stock Is Trading Below Its Fair Value
- What To Expect From Salesforce Stock In Q4?
So What?
CRM stock declined by about -12% in Wednesday’s trading, as investors appear to be pricing in slower growth going forward.
See Our Complete Analysis For Salesforce.com
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Returns | Dec 2021 MTD [1] |
2021 YTD [1] |
2017-21 Total [2] |
CRM Return | -14% | 17% | 279% |
S&P 500 Return | 0% | 23% | 106% |
Trefis MS Portfolio Return | 0% | 44% | 292% |
[1] Month-to-date and year-to-date as of 12/2/2021
[2] Cumulative total returns since 2017
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