Sprout Social Announces Expanded Relationship with Salesforce, Inc. (CRM)

Salesforce, Inc. (NYSE:CRM) is one of the Oversold Fundamentally Strong Stocks to Buy Now. On August 7, Sprout Social announced an expanded relationship with Salesforce, Inc. (NYSE:CRM) as the first social media management platform to develop a connection with Salesforce Digital Engagement, utilising their Bring Your Own Channel architecture. In collaboration with Salesforce, Inc. (NYSE:CRM), the company would bring social channels, such as Instagram, LinkedIn, X, Facebook Messenger, and WhatsApp, directly into Salesforce.

A customer service team in an office setting using the company’s Customer 360 platform to communicate with customers.

Salesforce, Inc. (NYSE:CRM) released its results for Q1 2026, with its current remaining performance obligation coming at $29.6 billion, reflecting a rise of 12% YoY and 11% in CC.  The company raised its FY 2026 revenue guidance to $41 billion – $41.3 billion, reflecting an increase of $400 million on the high-end due to the foreign exchange tailwinds. Furthermore, the company has reiterated its subscription and support revenue growth of ~9% YoY in constant currency. Salesforce, Inc. (NYSE:CRM)’s guidance demonstrates a consistent demand environment.

Diamond Hill Capital, an investment management company, released its Q1 2025 investor letter. Here is what the fund said:

“As volatility picked up sharply in the quarter, we were active in the portfolio — and we anticipate that as volatility continues into Q2, we will likewise attempt to capitalize on compelling opportunities to reposition the portfolio for the period ahead. Among the new positions we initiated in Q1 were long positions in Salesforce, Inc. (NYSE:CRM) and Capital One, as well as short positions in Matson and eBay.

Salesforce provides customer relationship management (CRM) technology to companies globally. We believe the company is well-positioned to reverse recently unfavorable cyclicality and capitalize on go-to-market enhancements, price increases and GenAI revenue. As the company evolves its go-to-market strategy, shifts its sales channel mix, consolidates its tech stack and transitions to third-party data centers, we anticipate Salesforce should meaningfully expand margins. Shares were trading at an attractive discount relative to our estimate of intrinsic value, and so we capitalized on the opportunity to initiate a position.”

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Disclosure: None. This article is originally published at Insider Monkey.