Salesforce Stock in Freefall After Earnings
CRMsalesforce(CRM) Schaeffers Investment Research·2024-05-30 21:59

Salesforce posted its first revenue miss since 2006, and the stock is suffering Salesforce Inc (NYSE:CRM) stock is plunging this morning, last seen 18.5% lower to trade at $221.80, after the cloud software vendor disclosed a disappointing first-quarter earnings report. Salesforce reported its first quarterly revenue miss since 2006, issued weaker-than-expected guidance, and saw budget scrutiny and longer deal cycles for the quarter. Options traders are flooding CRM in response. So far, 54,000 calls and 59,0 ...