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Is Salesforce Stock a Buy Now?
Salesforce (NYSE: CRM), the cloud services giant that operates the world’s largest customer relationship management (CRM) platform, posted its fourth-quarter earnings report on March 1. On a generally accepted accounting principles (GAAP) basis — which includes its stock-based compensation, acquisitions, and other one-time expenses — Salesforce posted a net loss of $28 million, compared to a net profit of $267 million a year earlier. Salesforce’s stock barely budged after the report, and it remains more than 30% below its all-time high of $311.75, which it hit just last November.
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