BUZZ-PREVIEW: Salesforce rises ahead of results, AI in focus

Salesforce.com, inc.

Salesforce.com, inc.

CRM

0.00

** Salesforce CRM.N shares advancing 0.4% on Weds ahead of qtrly results due after the bell, as investors look for signs of AI traction

** The cloud software provider is expected to post qtrly rev up 12% to $11.05 bln and adjusted EPS of $3.12 vs $2.58 yr-ago, per LSEG

** Last qtr, the co forecast fiscal 2027 rev below estimates, showing demand for business software remained under pressure from economic uncertainty

** Stock has sunk about 32% YTD, underperforming the S&P 500's .SPX ~10% rise

** CRM recently traded at 13x expected earnings, well below its five-year avg forward PE of 30, per LSEG data

** Activist investor Starboard Value dissolved its stake in the co during the qtr ended March 31, per a May filing