Salesforce Stock News

Investors today are worried about a potential recession in the United States economy, considering some slowing indicators such as inflation and employment. Today, more than ever, the two camps are divided and cannot agree on a direction.

Salesforce stock (NYSE: CRM) has lost 6% YTD, as compared to the 16% rise in the S&P 500 over the same period. Overall, at its current price of $248 per share, it is trading roughly 20% below its fair value of $307 – Trefis' estimate for Salesforce's valuation.

Salesforce on Thursday announced a deal to acquire cloud startup Own Co. for about $1.9 billion in cash.

Salesforce said acquiring Own would not impact shareholder return initiatives and would be accretive to free cash flow starting in the second year after deal close. Own supports backups for Microsoft's Dynamics software, along with Salesforce and ServiceNow.

Salesforce has acquired Own, a provider of data management and protection solutions, for $1.9 billion in cash.

Salesforce said on Thursday it would buy Own Company, a provider of data protection and data management solutions, for $1.9 billion in cash.

SAN FRANCISCO--(BUSINESS WIRE)--Salesforce (NYSE: CRM), the world's #1 AI CRM, today announced it has signed a definitive agreement to acquire Own Company, a leading provider of data protection and data management solutions. Own empowers organizations to ensure the availability, security, and compliance of mission-critical data, while unlocking new ways to gain deeper insights from this data. U...

199-year-old community bank selects Salesforce to ignite the next level of excellence across customer experience 199-year-old community bank selects Salesforce to ignite the next level of excellence across customer experience