The Daily Hype - Salesforce.com (CRM)
We are looking at Salesforece.com (CRM), today.
Why did Salesforce.com stock fell today?
Shares of Salesforce were down almost 2% on Tuesday. The price decline can be in anticipation of the next week's earnings reports and due to investors locking their gains before the earnings. Overall, it's a bit surprising to see that the price decline considering the joint announcement with Siemens (Ticker: SIEGY).
The two companies are making a system that can enable companies returning to work safely. Siemens connects its products with Salesforce's work.com, traces the employee's movements, and warns them if the number of a room's occupants exceeds a certain threshold.
This is an example of a technology company that can explore a new business opportunity without much friction. This is how a technology company can come up with a new revenue opportunity that was never forecasted by investors had they only been using historical data. We don't know if this means new revenue for Salesforce, but we just enjoy observing how the company can slide and find its way into new revenue opportunities.
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