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Salesforce (Ticker: CRM) is a cloud computing giant known for its relentless drive for growth, innovative marketing schemes and community projects with unique approaches like the 1/1/1 model.
Salesforce IPO raised $110 Million back in 2004. The CRM stock's growth since then is predicated on the growing need for digital transformation projects in several companies.
But Salesforce has gone beyond its CRM roots. Over the last three years, Salesforce has spent more capital ($45 billion) on new acquisitions than MSFT, SAP, and Oracle!
This includes Slack Technologies, Salesforce’s latest acquisition estimated to be worth $27.7 billion. It is predicted that the purchase of Slack might lead to the dilution of equity for existing CRM investors.
The CRM stock has done pretty well since its IPO. But several existing CRM investors are on tenterhooks about Salesforce’s penchant for acquiring new businesses.
So in this story, we will walk you through important Salesforce (CRM) stock information to help you find out if the CRM stock would be a good addition to your portfolio.
1. Stock Name: salesforce.com, inc. (CRM)
2. Share Price: $212.20*
3. Market Cap: $195.44 Billion
4. Beta: 1.11
5. P/E Ratio: 48.45
6. 52 Week Low: $130.04
7. 52 Week High: $284.50
Fun Fact: Salesforce coined and owned the term AppStore before Apple. Marc Benioff, CEO Salesforce, gave the term to Steve Jobs in 2008 as a thank you.
1. Slack Technologies
2. Tableau
3. Mulesoft
4. Demandware
5. ExactTarget
6. ClickSoftware
7. Krux
8. Quip
9. Buddy Media
*Note: The facts & figures above are from publicly available data on Google. Data used: 1 CRM share price in 2010: $17.16; March 2021: $212.20. USD to INR in 2010: ₹45.73; 2021: ₹72.44.
1. Unparalleled growth of CRM technology.
2. Increasing digital transformation projects.
3. More than expected October-quarter revenue ($5.24-5.25 billion Vs $5.01 billion).
4. Einstein AI technology.
5. Diverse portfolio of investments (Slack, Tableau).
To try, start with as little as $1
1. Too many acquisitions.
2. Speculated equity dilution.
3. Ever-increasing competition with Microsoft, Oracle, and others.
Solid Revenue: Salesforce’s FY2021 revenue is estimated to be close to $20.77 billion. The CRM stock has also done really well vs the tech industry since 2015 (210% vs. 125%).
No Dividends: You won’t get dividends if you buy the CRM stock since Salesforce is focusing on increasing growth. Non-stop spending on acquisitions also seems to worry some of the existing CRM investors.
Suggestion: Buying any international stock would depend on our age, risk appetite, investment goals, and other factors. To know more about investing in the best US stocks based on your goals and risk appetite, speak to a wealth coach or download the Cube Wealth app today.
The Cube Wealth app makes it easier for you to buy stocks of US companies like Salesforce, Netflix, Google, Facebook, Amazon, Apple, Tesla, and more from India with world-class advice from RIA, Rick Holbrook, who currently manages assets for HNIs worth ~$130m.
Cube also allows you to invest in any US stock for a low amount! To try, start with as little as $1
Simply click on the "Buy US Stocks On Your Own" option.
Before you buy any international stock, speak to a Cube Wealth Coach to know whether CRM, NFLX, AAPL, GOOG, FB, AMZN, TSLA and others are good fits for your portfolio.
Ans. Yes, Indian investors can invest in Salesforce stocks by following specific steps to access international stock markets
Ans. To open an international brokerage account, select a brokerage platform that offers access to global stock markets and facilitates investments from India.
Ans. You can fund your international brokerage account by transferring funds from your Indian bank account to your brokerage account using wire transfers or other accepted methods.
Ans. Research Salesforce by analyzing its financial reports, market performance, news releases, and gaining an understanding of its business operations and future prospects.
Investing in Salesforce stocks allows Indian investors to participate in the growth of a reputable global technology company. However, it's crucial to conduct thorough research, maintain a diversified portfolio, and make informed decisions that align with your financial goals and risk tolerance, especially when investing in international stocks like Salesforce from India.
Watch this video to learn how US stock advice works on the Cube Wealth app
*Note: All facts & figures as of 19-03-2021
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