3 Reasons to Buy Salesforce Stock to Kick Off 2022

·3 min read
3 Reasons to Buy Salesforce Stock to Kick Off 2022

Salesforce.com (NYSE: CRM), one of the pioneers of cloud computing software, has been punished following its third-quarter earnings update. It would be easy to blame this most recent sell-off in Salesforce stock on the omicron variant of COVID-19, but the drop actually deepened following the fiscal 2022 third-quarter update (for the three months ended Oct. 31, 2021). In fact, Salesforce actually beat its own guidance, reporting revenue growth of 27% to $6.86 billion during the quarter.

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