Reported 4 months ago
Shares of Salesforce dropped 18% in response to a disappointing first-quarter earnings report, where revenue missed expectations and growth projections fell short. Despite the revenue slowdown, profits are up as a result of cost-cutting measures. The company's innovative AI technology, like Einstein Copilot, is driving demand and enhancing customer engagement. With a reasonable forward price-to-earnings multiple and strong earnings growth, adding Salesforce stock to a diversified portfolio at a lower price could be a smart move for investors.
Source: YAHOO