Salesforce: Best To Stay On The Sidelines


  • Salesforce delivered a decent quarter driven by strong ARRs and RPOs.
  • However, the performance was overshadowed by the departure of two key executives, who were instrumental to the company’s next growth engine, Slack.
  • From a valuation perspective, there is barely any upside from current levels.

Salesforce To Purchase Popular Messaging Platform Slack For 27 Billion

Stephen Lam

Investment Thesis

Salesforce (NYSE:CRM) was rocked recently by the departures of two key executives. Despite a decent quarterly performance, which demonstrated the underlying strength of the business, I argue, in this article, why it’s best to stay on the sidelines when it

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within 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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