Shares of Salesforce (NYSE: CRM) were down 1.4% today as of market close, well below the 0.5% gain for the S&P 500 and the 0.4% gain for the Dow Jones Industrial Average (of which Salesforce is a part). The whole week wasn't great for the cloud-based enterprise software leader (shares fell 3.5% the last five trading days), and its peer Adobe (NASDAQ: ADBE) is a likely scapegoat. Adobe released its Q1 fiscal 2022 earnings report this past week (for the three-month period ended March 4, 2022), and revenue and adjusted earnings were in line with expectations. Read More...
Shares of Salesforce (NYSE: CRM) were down 1.4% today as of market close, well below the 0.5% gain for the S&P 500 and the 0.4% gain for the Dow Jones Industrial Average (of which Salesforce is a part). The whole week wasn’t great for the cloud-based enterprise software leader (shares fell 3.5% the last five trading days), and its peer Adobe (NASDAQ: ADBE) is a likely scapegoat. Adobe released its Q1 fiscal 2022 earnings report this past week (for the three-month period ended March 4, 2022), and revenue and adjusted earnings were in line with expectations.
