Investors appeared to focus on another major piece of news: Salesforce agreed to the blockbuster acquisition of Slack for a whopping $27.7 billion. It agreed to buy the workplace collaboration platform for a staggering $27.7 billion in cash and stock. Should Slack Shareholders Be Happy With This Deal? Joe honed his investing skills as an analyst for Stock Advisor, Supernova, and Fool One. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Salesforce shares dipped as much as 10.7% on Wednesday after the company confirmed its $27.7 billion purchase of Slack and guided for its … Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Salesforce Stock Plunged Today @themotleyfool #stocks $CRM $WORK, Salesforce's Slack Acquisition Could be Huge, or a Huge Flop, Worried About a Stock Market "Crash?" Dec 2, 2020 Salesforce Shares Sink on Concerns It Is Overpaying for Slack Dec 2, 2020 Stocks Moving Premarket: Salesforce, Slack, Palantir, S&P Global Dec 1, 2020 Salesforce … "Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world," Benioff said. The rumor that salesforce.com (NYSE: CRM) was in talks to purchase remote work darling Slack (NYSE: WORK) is now official news, and it's been greeted with a … Here Are 3 Ways to Prepare Before the End of 2020. Citi analyst Walter Pritchard lowered his rating on Salesforce's stock on Wednesday from buy to neutral and reduced his price forecast from $300 to $250. Pritchard said the deal's $27.7 billion price tag makes it "challenging to see a positive return.". Get the latest Salesforce.com Inc (CRM) stock news and headlines to help you in your trading and investing decisions. CRM | Complete Salesforce.com Inc. stock news by MarketWatch. Salesforce on Tuesday said it would acquire Slack for $27.7 billion in cash and stock. CNBC on Monday reported the deal is expected to be half cash and half stock. Wall Street legend Whitney Tilson says there's a huge new tech trend coming – and he's revealing his #1 pick for free. © 2020 Verizon Media. Salesforce is buying Slack using a combination of stock and cash. Salesforce (CRM) fell 5.7% after announcing a deal to buy Slack Technologies (WORK) for $27.7 billion in cash and stock. Jim Cramer discusses the latest stock market news including the Salesforce-Slack acquisition, the U.K.'s approval of the Pfizer vaccine and McDonald's stock. Slack is a big bite, and an imperfect fit, but if there's a company with the chops to make it work, it's Salesforce. Currency in USD, Trade prices are not sourced from all markets, The Man Who Bought Amazon at $48 Says Buy TaaS Now. Image source: Getty Images. He envisions combining Slack's messaging tools with Salesforce's ecosystem of software solutions to create "the operating system for the new way to work." Let's conquer your financial goals together...faster. See you at the top! Shares of salesforce.com (NYSE:CRM) fell 8.9% on Wednesday after the cloud computing leader announced a blockbuster acquisition alongside its fiscal 2021 third-quarter results. Wind of … But new acquisitions raise risks. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Stock Advisor launched in February of 2002. Salesforce shares … Log In Receive full access to our market insights, commentary, newsletters, breaking news … Find the latest news headlines from Salesforce.com Inc Common Stock (CRM) at Nasdaq.com. Late Tuesday, Salesforce CRM, -3.20% unleashed a fire hose of news with the confirmation of its plan to acquire Slack Technologies Inc. WORK, -2.18% for nearly $28 billion in stock … Salesforce shares have swung below and above their 50-day moving average over the last month and currently hover just below at around $248. Competition with Adobe, the digital media and marketing software firm, has been rising. Jim Cramer weighs in on Salesforce after a Morgan Stanley note sent the stock lower. This could give CRM room to … Salesforce.com (CRM) closed at $237.14 in the latest trading session, marking a -0.54% move from the prior day. Returns as of 12/12/2020. Slack shareholders will … Now, Joe’s mission is to pass on what he’s learned -- and what he continues to learn -- as a contributing writer to Fool.com. Adobe successfully pivoted to cloud-based subscriptions. View real-time stock prices and stock quotes for a full financial overview. Salesforce (NYSE: CRM) has confirmed the rumors that started swirling last week.Along with sharing its third-quarter 2021 results, Salesforce announced that … CNBC on Monday reported that Salesforce would announce a cash-and-stock deal to buy Slack after the bell on Tuesday, when it is slated to report quarterly earnings. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns during its existence. New York (CNN Business) Slack shares shot up as much as 28% Wednesday, despite being halted twice for volatility, following a report that Salesforce has been in … In the merger, which must clear Slack shareholder and regulatory approvals, Slack stock owners would receive $26.79 in cash and 0.0776 Salesforce shares for each share of Slack stock. That represents a premium of 54% since the news of negotiations between Salesforce … Salesforce Stock Is An IBD Leader The success of Salesforce stock, which went public in 2004 and now has a market cap of $242 billion, is highlighted by its performance. Why I'm Buying More Salesforce Stock After a Post-Slack Acquisition Pullback, The Most Puzzling Thing About Salesforce's Blockbuster Slack Acquisition, Copyright, Trademark and Patent Information. The coronavirus pandemic is driving more companies to adopt work-from-home arrangements and distributed workforces, which in turn is accelerating their shift to the cloud. The last time Salesforce reported earnings was August 25 after the bell. Salesforce shares fell … Business Insider. Slack stock closed at a fresh all-time high on Monday as traders continued to buy ahead of cloud kingpin Salesforce‘s rumored acquisition. Based on Salesforce stock’s closing price on Dec. 1, this would amount to $45.50 per share. "We're rapidly moving to an all-digital world, where work happens wherever people are," CEO Marc Benioff said in a press release. Get the latest salesforce.com, inc. (CRM) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Salesforce is slated to report earnings today after the bell, and if history is any guide, you want to get in ahead of the release.. After dropping as much as 11 percent in early trading, Salesforce stock ended the session down 8.9 percent following a rare downgrade from Citi … Investors, however, focused more on Salesforce's plans to purchase Slack Technologies (NYSE:WORK). Prior to Slack, Salesforce's biggest deals were the $15.3 billion purchase of … Shares of salesforce.com (NYSE:CRM) fell 8.9% on Wednesday after the cloud computing leader announced a blockbuster acquisition alongside its fiscal 2021 third-quarter results. CRM stock fell on the news. A high-level overview of salesforce.com, inc. (CRM) stock. Wood, ARK's CEO, and her team share their thoughts on Tesla's $5 billion stock sale, the Salesforce-Slack tie-up, and where bitcoin could go in 2021. Write to Matt Grossman at matt.grossman@wsj.com Salesforce's revenue jumped 20% year over year to $5.42 billion, besting Wall Street's expectations for revenue of $5.25 billion. Despite posting solid Q3 results, Salesforce's stock fell sharply on Wednesday. The software giant also delivered strong profit growth; its adjusted operating income climbed 23% to $1.1 billion. Benioff called the deal a "match made in heaven." Investors, however, seem less excited about the combination, particularly when factoring in the massive price Salesforce is paying. Salesforce usually gets acquisitions right. Subscribe to Premium to view Fair Value for CRM. Late Tuesday, Salesforce (CRM)unleashed a fire hose of news with the confirmation of its plan to acquire Slack Technologies Inc. (WORK) for nearly $28 billion in stock … The company made its market debut on June 20, 2019, with an opening price of $38.50. The jump placed Slack shares at their highest since early June. Salesforce CEO Marc Benioff. Adobe Is Well Positioned To Capture Opportunity Ahead, Discover new investment ideas by accessing unbiased, in-depth investment research, NYSE - NYSE Delayed Price. Market data powered by FactSet and Web Financial Group. “Investors might fret about the … Also, Salesforce has been a fierce rival of Oracle. Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on … Is ADBE stock a buy? 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