We recently published a list of Jim Cramer Nailed These 11 Stock Predictions. In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against other stocks that Jim Cramer discusses.
In those older episodes, Jim Cramer addressed the sharp 20% post-earnings drop in Salesforce, Inc. (NYSE:CRM). In the first segment, he broke down the company’s disappointing earnings report and explained why the stock’s after-hours collapse may have been overdone. In the following episode, he widened the lens to discuss broader weakness in the enterprise software sector but reiterated his long-term belief in Salesforce’s quality and resilience. Here are his comments from back then:
“What the heck just happened to the stock of Salesforce? That’s the king of customer relations management software. After the close, Salesforce reported a genuine miss. Several key lines were weaker than expected—revenue, operating margin, current remaining performance obligations—although the earnings per share number actually came in better than expected. […]
A customer service team in an office setting using the company’s Customer 360 platform to communicate with customers.
Cramer remained a long-term believer and said to buy on weakness — a good call as the stock is up +12.62%.
Salesforce, Inc. (NYSE:CRM) is the world’s leading customer relationship management (CRM) platform, offering cloud-based tools for sales, marketing, service, and analytics.
Cramer remains a big believer in Salesforce. Here’s his analysis from a recent episode which aired in June:
link