Salesforce Stock: Bull vs. Bear
The new year is still young, but Salesforce (NYSE: CRM) has already made big headlines this year. The cloud software giant said it would lay off 10% of its employees, or about 8,000 workers, as part of a cost-cutting plan that also included reducing its real estate footprint. CEO Marc Benioff also hinted that more layoffs could come.
Investors cheered the initial announcement, but is the stock a buy right now? To decide, we brought on a bull and a bear to debate the stock. First, the bull pitch:
Image source: Getty Images.
Source Fool.com