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Why Salesforce Stock Was Down Today

TheMotleyFool

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Shares of Salesforce (NYSE: CRM) were trading down 10% as of 12:14 p.m. ET on Thursday after the company delivered financial results that fell short of analysts' expectations.

The company reported double-digit growth in revenue, but next quarter's revenue guidance of $7.98 billion fell short of analysts' estimates calling for $8.02 billion. The lower outlook raised questions about Salesforce's competitive position.

Still, the company continues to win new customers and improve margins, which makes the stock a compelling value after falling 43% in 2022.

Source Fool.com

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