Why Salesforce Stock Fell Today

16.04.24 03:40 Uhr

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Shares of Salesforce (NYSE: CRM) were down 7.3% on Monday amid reports the cloud-based customer relationship management (CRM) platform provider is in late-stage talks to acquire data-management software company Informatica (NYSE: INFA). Informatica stock also dropped around 6.5% today.Sources speaking to the Wall Street Journal over the weekend say Salesforce is in "advanced talks" to acquire Informatica. With Informatica's market capitalization sitting just below $11 billion this morning, the deal would be one of Saleforce's largest -- though also still well below the nearly $28 billion price tag it paid to purchase Slack Technologies three years ago. With just over $14 billion in cash on hand at the end of its most recent quarter, Salesforce could potentially fully fund a deal without diluting existing shareholders.But given its incredible penchant for acquisitions (having purchased more than 70 companies since 2006), Salesforce has attracted numerous activist investors in recent quarters, calling for it to turn its focus instead to cutting costs and boosting profits, all while maximizing organic growth and boosting capital returns through share buybacks. Just last month, Salesforce even disbanded a committee focused on mergers and acquisitions in an effort to appease those activist investors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

Quelle: MotleyFool

Nachrichten zu Salesforce

Analysen zu Salesforce

DatumRatingAnalyst
16.05.2024Salesforce NeutralUBS AG
22.04.2024Salesforce BuyJefferies & Company Inc.
15.04.2024Salesforce OutperformRBC Capital Markets
15.04.2024Salesforce NeutralUBS AG
29.02.2024Salesforce BuyJefferies & Company Inc.
DatumRatingAnalyst
22.04.2024Salesforce BuyJefferies & Company Inc.
15.04.2024Salesforce OutperformRBC Capital Markets
29.02.2024Salesforce BuyJefferies & Company Inc.
26.02.2024Salesforce BuyJefferies & Company Inc.
23.02.2024Salesforce OutperformRBC Capital Markets
DatumRatingAnalyst
16.05.2024Salesforce NeutralUBS AG
15.04.2024Salesforce NeutralUBS AG
16.02.2024Salesforce NeutralUBS AG
16.01.2024Salesforce NeutralUBS AG
30.11.2023Salesforce NeutralUBS AG
DatumRatingAnalyst
11.01.2023Salesforce UnderperformBernstein Research
19.06.2020Slack SellGoldman Sachs Group Inc.
19.05.2016Salesforce UnderperformBernstein Research
19.11.2015Salesforce UnderperformBernstein Research
19.11.2015Salesforce verkaufenJefferies & Company Inc.

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Salesforce nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"