
Salesforce shares experienced a significant decline, losing nearly $50 billion in value in one day following the release of weaker-than-expected Q1 results. The stock fell approximately 20%, closing at $218, which brought the company's market capitalization to $212 billion. The fiscal year 2024 guidance includes a GAAP EPS of $4.20 and a Non-GAAP EPS of $8.22, with free cash flow management at $9.498 billion. The fiscal year 2025 guidance projects a GAAP EPS between $6.04 and $6.12, and a Non-GAAP EPS between $9.86 and $9.94. The selloff in Salesforce shares has contributed to a broader decline in enterprise software stocks, including UiPath, which is down 85% from its peak amid CEO turmoil. Salesforce is now considered the most oversold stock in the S&P 500.









What’s eating B2B SaaS is not AI : ANALYSIS: On Thursday, SalesForce (CRM) released weaker than expected earnings, resulting in the biggest 1-day decline in the stock since 2004. It was the latest in a string of… https://t.co/c1CH2e8O69 #AI #categoryBusinessIndustrial
Salesforce $CRM is the most oversold stock in the S&P 500 https://t.co/UuFnR1TXXn
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