Jim Cramer on Salesforce: “There’s a Lot to Consider Here”

Salesforce, Inc. (NYSE:CRM) was among the stocks Jim Cramer discussed in this changing market. Cramer highlighted the company’s stock buyback, as he commented:

What do we make of these numbers from Salesforce, the cloud software kingpin with a stock that’s been under pressure for well over a year from AI worries? After the close today, Salesforce reported a strong set of numbers. Revenue growth reaccelerated, coming in higher than expected. They posted a very big earnings per share beat, though most of that was from a bountiful $27 billion buyback. But the stock couldn’t get the traction in after-hours trading, possibly because the remaining performance obligation, sort of like the backlog, came in light, fueling fears that Salesforce might be having trouble signing customers to longer contracts, even as… I think they would beg to disagree. There’s a lot to consider here, especially with the stock so far off its highs and a buyback that’s one of the biggest in the entire market.

Salesforce, Inc. (NYSE:CRM) provides CRM-focused tools that help businesses manage customer interactions, use AI agents, analyze data, collaborate, and run marketing, commerce, and field service operations.

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