Investigations
Salesforce, Inc.
Overview
Overview
- Deadline:
- Upcoming
| Company Name: | Company Name: Salesforce, Inc. |
| Stock Symbol: | Stock Symbol: CRM |
Salesforce, Inc. (NYSE: CRM): Salesforce is being investigated for violations of the federal securities laws in connection with potential false and misleading statements made to investors and a subsequent significant price decline in the stock.
If you incurred losses on your investments in Salesforce, you are encouraged to submit your information.
Why is Salesforce being Investigated?
Salesforce is a leading provider of cloud-based customer relationship management technology. On May 29, 2024, Salesforce reported its fiscal Q1 2025 financial results. In pertinent part, Salesforce’s reported $9.13 billion in revenue came in below the midpoint of its previously issued guidance range and the growth rate of a key bookings metric—current remaining performance obligation—came in below the company’s outlook.
Salesforce announced that the company’s financial results were impacted by “the continued measured buying environment,” particularly in “the U.S., parts of Lat Am and EMEA,” as well as sales execution issues. Salesforce also issued fiscal Q2 2025 revenue guidance of $9.2 to $9.25 billion, below consensus estimates.
The Stock Declines as the Truth is Revealed
The news of the measured buying environment and sales execution issues caused a significant 20% decline in the price of Salesforce stock, from $271.62 per share on May 29, 2024 to $218.01 per share on May 30, 2024.
What are my Rights?
If you incurred losses on your investment in Salesforce, you are encouraged to submit your information to speak with an attorney about your rights.
You can also contact:
Ross Shikowitz
ross@bfalaw.com
212-789-3619
All representation is on a contingency fee basis. Shareholders are not responsible for any court costs or expenses of litigation. The Firm will seek court approval for any potential fees and expenses.
Why Bleichmar Fonti & Auld LLP?
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.
Attorney advertising. Past results do not guarantee future outcomes.
If you incurred losses on your investments in Salesforce, you are encouraged to submit your information.
Why is Salesforce being Investigated?
Salesforce is a leading provider of cloud-based customer relationship management technology. On May 29, 2024, Salesforce reported its fiscal Q1 2025 financial results. In pertinent part, Salesforce’s reported $9.13 billion in revenue came in below the midpoint of its previously issued guidance range and the growth rate of a key bookings metric—current remaining performance obligation—came in below the company’s outlook.
Salesforce announced that the company’s financial results were impacted by “the continued measured buying environment,” particularly in “the U.S., parts of Lat Am and EMEA,” as well as sales execution issues. Salesforce also issued fiscal Q2 2025 revenue guidance of $9.2 to $9.25 billion, below consensus estimates.
The Stock Declines as the Truth is Revealed
The news of the measured buying environment and sales execution issues caused a significant 20% decline in the price of Salesforce stock, from $271.62 per share on May 29, 2024 to $218.01 per share on May 30, 2024.
What are my Rights?
If you incurred losses on your investment in Salesforce, you are encouraged to submit your information to speak with an attorney about your rights.
You can also contact:
Ross Shikowitz
ross@bfalaw.com
212-789-3619
All representation is on a contingency fee basis. Shareholders are not responsible for any court costs or expenses of litigation. The Firm will seek court approval for any potential fees and expenses.
Why Bleichmar Fonti & Auld LLP?
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.
Attorney advertising. Past results do not guarantee future outcomes.