Shares of Salesforce dropped 10% to $217.22 at 09:43 EST on Wednesday, following yesterday’s downward trend. The New York Stock Exchange is rising 1% to $14,146.60, following yesterday’s upward trend, on what up to now seems, a somewhat positive trend trading session today.
Salesforce’s last close was $245.80, 30.97% 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, “<figure>
<img alt="Salesforce Marc Benioff" class="img-responsive imported-news-entry-img" src="https://images2.markets.businessinsider.com/5fc78fc050e71a00115585a7?format=jpeg" />
<figcaption>Salesforce CEO Marc Benioff
<p class="copyright">Business Insider<!– sh_cad_1 –>
Salesforce’s sales growth is 16.3% for the present quarter and 13.8% for the next.
Year-on-year quarterly revenue growth grew by 28.9%, now sitting on 19.38B for the twelve trailing months.
Salesforce’s Stock Top and Bottom Yearly Value
Salesforce’s stock is valued at $217.22 at 09:43 EST, way below its 52-week high of $284.50 and way above its 52-week low of $115.29.
Salesforce’s Moving Average
Salesforce’s worth is way under its 50-day moving average of $252.08 and under its 200-day moving average of $219.97.
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 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..”