Marc Benioff‘s Salesforce (NASDAQ:CRM) will be in the spotlight this week when it publishes its financial results on Wednesday. The stock has formed a highly bullish pattern, raising the possibility of a post-earnings rebound.
Salesforce Stock In Focus As It Publishes Q1 Earnings
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Salesforce, the biggest company in the Customer Relationship Management (CRM) industry, has come under pressure in the past few months amid the ongoing SaaSpocalypse fears. SaaSpocalypse is a new word referring to how companies in the software industry will be disrupted by AI tools.
CRM stock has plunged by over 50% from its highest point last year, with its market capitalization falling from $347 billion to $147 billion today.
