Salesforce Beats Activists To The Punch (Technical Analysis)


  • This is a technical analysis article. Salesforce, Inc.’s CEO just beat the invading activists to the punch by reporting good earnings and forecast.
  • You have to wonder what the “value added” contribution will be for the activists to gain control the future of the company.
  • Is the sum of the parts worth more than the whole? Or is there so much “fat” in the company that the activists can improve the buybacks or get a dividend?
  • Will it follow the Apple model of dividends and buybacks and avoid the valuation problem indicated by a terrible PEG?
  • We think Salesforce, Inc. is overvalued at current levels and the activists will add very little value going forward. However, the “smart money” may know something we don’t.

TIME100 Summit 2022

Jemal Countess

Marc Benioff, CEO at Salesforce, Inc. (NYSE:CRM), is hoping he can keep churning out good earnings reports to beat off the activist invaders. With this current earnings report and forecast, he pulled a few rabbits out

Bounce created by activists

Salesforce continues its bounce off the bottom (

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CRM over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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