Salesforce Stock Drops 7% So Far On Wednesday, Underperforms Market

Even though Salesforce has been somewhat immune to the crisis, shares dropping 7.9% to $222.29 at 11:11 EST on Wednesday, after two consecutive sessions in a row of losses. The New York Stock Exchange is dropping 0.07% to $14,137.00, following yesterday's upward trend, on what up to now seems, a somewhat rough trend trading session today. Salesforce's last close was $241.35, 27.99% under its 52-week high of $284.50.

News about Salesforce today

Salesforce confirms deal to buy slack. According to today's article on The Wall Street Journal, "The $27.7 billion purchase, which still has to clear Slack shareholder and regulatory approval, would be Salesforce’s largest ever acquisition and boost its competition with rival Microsoft.." According to today's article on Bloomberg Quint, "Salesforce’s Benioff Escalates Microsoft Rivalry With Slack Deal." Salesforce falls 7% after confirming $27.7 billion slack acquisition and forecasting slower growth. According to today's article on Business Insider. Stock alert: Salesforce tumbles 10%. According to today's article on Business Insider, "(RTTNews) - Shares of Salesforce.com, Inc."

Salesforce's Sales

Salesforce's sales growth is 13.8% for the ongoing quarter and 16.6% for the next. The company's growth estimates for the current quarter and the next is 30.3% and 12.9%, respectively.

Salesforce's Revenue

Year-on-year quarterly revenue growth grew by 20.1%, now sitting on 20.29B for the twelve trailing months.

Salesforce's Stock Top and Bottom Yearly Value

Salesforce's stock is valued at $222.29 at 11:11 EST, way under its 52-week high of $284.50 and way higher than its 52-week low of $115.29.

Salesforce's Moving Average

Salesforce's worth is way below its 50-day moving average of $251.35 and above its 200-day moving average of $220.48.

Previous days news about Salesforce

Salesforce to buy software maker slack for $27.7 billion. According to yesterday's article on Bloomberg Quint, "Salesforce agreed to buy Slack in one of the biggest technology deals of the year.." According to yesterday's article on MarketWatch, "Salesforce to buy Slack in deal worth $27.7 billion." Salesforce’s splashy slack deal isn't worth the risk. According to yesterday's article on Bloomberg Quint. Salesforce plus slack doesn't equal Microsoft. According to yesterday's article on The Wall Street Journal, "Its $27.7 billion deal for Slack steps up Salesforce’s competition with Microsoft, but it might take even more acquisitions to gain ground.."