"Another tech company in the limelight now would be Salesforce. For some context, it is a leading customer relationship management software-as-a-service provider. Similar to our previous entry, the company’s offerings help facilitate clear communication between businesses and their clients via the cloud. Understandably, we can see how this has benefitted CRM stock which is looking at gains of over 80% since the March lows. Aside from all that, Salesforce has also been making a series of strategic investments lately
Yesterday, news broke regarding its participation in the $1 billion in pre-public funding raised by big data analytics startup, Databricks. Notably, Amazon Web Services, Alphabet ( NASDAQ: GOOGL ), and Microsoft ( NASDAQ: MSFT ) have also done the same. According to CNBC, Databricks is now valued at $28 billion due to this transaction. Some have even compared it to Snowflake ( NYSE: SNOW ), a similar company that Salesforce also invested in pre-IPO. Additionally, Salesforce has also backed cloud data backup service platform, OwnBackup. All this paired with its recent acquisition of Slack Technologies does make for a solid set of investments. Time will tell if CRM stock can benefit from all of these ambitious plans....
www.nasdaq.com/articles/...day-1-reported-earnings-2021-02-02Lynx meint Slacks sei es, aber Lynx Vorsicht bei Analysen