Salesforce Projects Q2 Revenue Between $11.27B and $11.35B
CRM is trading near its 52-week low of $163.52 (7.1% above the low).
Summary
Salesforce has issued its second-quarter revenue guidance, projecting figures between $11.27 billion and $11.35 billion. This guidance is a critical component of the company's first-quarter earnings report, which is expected after market close today, as noted in recent news. Traders will closely analyze this outlook against analyst consensus to gauge the company's near-term growth trajectory and its potential impact on the stock price.
At the time of this announcement, CRM was trading at $175.05 on NYSE in the Technology sector, with a market capitalization of approximately $145.2B. The 52-week trading range was $163.52 to $278.81. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.