Salesforce: Finally A Catalyst

Oct. 21, 2022 4:00 PM ETSalesforce, Inc. (CRM)NOW, INTU
The Asian Investor profile picture
The Asian Investor
17.2K Followers

Summary

  • Starboard Value LP announced an investment in Salesforce, Inc.
  • Activist involvement follows shortly after Salesforce's announcement of a $10B stock buyback.
  • While not cheap, Salesforce has potential.

The new Salesforce corporate headquarters together with Salesforce East and West towers visible in the background

Sundry Photography

Shares of Salesforce, Inc. (NYSE:CRM) surged 7% after it was reported that investment firm Starboard Value LP bought a stake in the cloud-based software company. The investment represents an important catalyst for Salesforce, whose share price has fallen out of

Salesforce FY 2023 Guidance

Salesforce FY 2023 Guidance

Salesforce: TAM

Salesforce: TAM

Salesforce: FY 2026 Guidance

Salesforce: FY 2026 Guidance

Source: Starboard Value

Starboard Value

Chart
Data by YCharts

This article was written by

The Asian Investor profile picture
17.2K Followers
I look for high-risk, high-reward situations. Five largest portfolio holdings: AMD, Micron, Alibaba, Ethereum, PayPal. Early buyer of cryptocurrencies. I live in Thailand :)

Disclosure: I/we have a beneficial long position in the shares of CRM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.