By Krystal Hu (Reuters) – Canadian AI startup Cohere has raised $450 million in funding from returning investors such as Nvidia and Salesforce Ventures, as well as new investors including Cisco and Canadian pension fund PSP Investments, according to a source familiar the matter. This concludes the first tranche of Cohere’s monthslong fundraising efforts, while […]
Shares of Salesforce (NYSE: CRM) were selling off after the customer-relationship management (CRM) software company issued weaker-than-expected second-quarter guidance. Let’s take a closer look at the company’s recent earnings report, why the stock is selling off after maintaining its full-year forecast, and whether or not the sell-off creates a good buying opportunity. RPOs and Q2 […]
Shares of Salesforce (NYSE: CRM) dropped about 18% when the market opened on Thursday, May 30. At recent prices, the stock is about 30% below the peak it set earlier this year. The recent stock drop is a response to a disappointing first-quarter earnings report. While the company beat earnings expectations for the first three […]
Salesforce (NYSE: CRM) stock got clobbered on May 30, a day after posting weak second-quarter fiscal 2025 guidance. Salesforce and other top software stocks — from Adobe to Workday, Atlassian, Snowflake, and others are hovering around their lowest levels so far this year. The sell-off in software application and infrastructure companies, which are a part […]
The last time Salesforce (CRM) stock experienced a one-day drop of this magnitude, George W. Bush was still in his first presidential term. On Thursday, Salesforce’s fiscal first quarter results and earnings call commentary sent shares 20% lower, making it the stock’s worst day since July 2004. The decline weighed on the Dow Jones Industrial […]
Salesforce (CRM) shares dipped on Thursday after the company missed revenue estimates and reported a weak outlook. Wedbush Managing Director Dan Ives joins Market Domination to discuss his perspective on the company’s future trajectory. Ives notes that the current pressure on Salesforce represents “a bump in the road,” characterizing its guidance as conservative to “clear […]
Dow Jones futures, along with the other major indexes, dropped Thursday morning ahead of weekly unemployment claims and quarterly GDP data. Dow Jones giant Salesforce (CRM) plunged on the stock market today after the company’s earnings report, while artificial intelligence giant Nvidia (NVDA) looked to set more record highs. X Prior to the opening bell, […]
(Bloomberg) — Salesforce Inc. dropped about 16% in extended trading after the software maker said sales growth in the current quarter will stall to the slowest in its history, fueling concerns about the company’s ability to stay relevant as the industry shifts toward artificial-intelligence tools. Most Read from Bloomberg Revenue will rise as much as […]
Dow Jones futures fell after hours, along with S&P 500 futures and Nasdaq futures. Dow giant Salesforce.com (CRM) headlined earnings after the close. X The stock market rally retreated as Treasury yields jumped for a second straight session. Nvidia (NVDA) edged higher Wednesday, extending its big run, but that only helped limit the Nasdaq and […]
With software stocks already struggling, Salesforce (CRM) on Wednesday reported first-quarter earnings that topped estimates while revenue missed. July quarter revenue guidance for Salesforce stock came in well below expectations. Shares tumbled. X The enterprise software maker released the April-quarter Salesforce earnings report after the market close. Salesforce earnings rose 44% to $2.44 per share […]
Major indexes finished lower in the stock market today, with the Dow Jones Industrial Average falling further below the 50-day moving average as yields continued to climb. Salesforce (CRM) plunged after the company released its Apriol-quarter results after the close. X On Wednesday, the Fed’s Beige Book showed a modest increase in economic activity in […]
(Bloomberg) — Salesforce Inc.’s takeover talks with Informatica Inc. have cooled with both parties struggling to agree to terms, according to a person familiar with the matter. Most Read from Bloomberg Software giant Salesforce and data management company Informatica have been unable to agree on price, the person said, asking not to be identified discussing […]