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Scott Berg - 2 Berg - 2 Salesforce - 2 Jim Cramer's - 2 Jim Cramer - 2 Jim - 2 Wednesday's - 1 SPX - 1
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Search resuls for: "Scott Berg"


5 mentions found


☆ AI in focus: Here's what to look for when Salesforce and Broadcom report earnings
  + stars: | 2023-08-29 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com   time to read: +7 min
The earnings from Salesforce and Broadcom follow a rough patch for technology stocks that began in mid-July. .SPX AVGO,CRM 3M mountain The S & P 500's performance versus Broadcom and Salesforce over the past three months. Salesforce For the three months ended July 31, Wall Street expects Salesforce's revenue to jump more than 10% year-over-year, to $8.53 billion, according to Refinitiv. Broadcom's AI exposure currently falls into two primary buckets. While Broadcom's AI networking business is no doubt fast-growing, Vinh noted there are headwinds within other pockets of its wide-ranging semiconductor business, such as traditional enterprise networking and broadband.
Persons: Wednesday's, SPX, Scott Berg, Berg, Wells Fargo, —, Salesforce, Needham's Berg, Hock Tan, Bard chatbot, John Vinh, Bard, Vinh, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Club, Broadcom, Wall, Needham &, CNBC, Salesforce, Google, Jericho, UBS Locations: Irvine , California
☆ Salesforce raises prices for the first time in 7 years. What it means for the stock
  + stars: | 2023-07-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com   time to read: +5 min
Salesforce (CRM) on Tuesday took another step to deliver profitable growth — a welcome development for investors, like us, which sent its stock price higher. Investors appeared upbeat around the list price increases, which Salesforce said are the first in seven years. "I don't expect it to impact churn much," said Berg, who has a buy rating and $230-per-share price target on Salesforce stock. It's worth noting, large customers will usually negotiate with Salesforce to secure a discount to a product's list price. Previously, a customer who bought 100 licenses at a 20% discount to the old list price would've generated $24,000.
Persons: Salesforce, Needham, Scott Berg, Berg, Mizuho, Marc Benioff's, Benioff, He's, Jim Cramer's, Jim Cramer, Jim, Marc Benioff, Salesforce.com, David Paul Morris Organizations: Service, Industries, Nasdaq, Nvidia, Palo Alto Networks, Devices, CNBC, Salesforce, Mizuho Securities, Bloomberg, Getty Locations: Palo, San Francisco
☆ Who’s the next Chegg? A.I. could threaten the main revenue sources for these companies
  + stars: | 2023-05-02 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
Tuesday's selloff in Chegg shares exposed some investors to the dark side of artificial intelligence, igniting concerns about how the latest technology craze may be putting some companies' revenue sources in danger. CHGG 1D mountain Chegg shares plummet on AI risks While Chegg may be the first shoe to drop, it's certainly not the last company set to showcase some of the risks posed by AI. Elsewhere, Deepwater Asset Management's Gene Munster sees potential risks ahead to some consulting companies known to outsource work for other businesses. Companies operating off of seat-based models, such as human resources companies, may face headwinds from declining headcount, but could benefit long term from optimizing AI, he added. To be sure, even the largest companies dominating the space and poised to prosper from AI face risks ahead.
☆ Salesforce is having its best day since 2020 after blowout earnings report
  + stars: | 2023-03-02 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Salesforce shares surged 12% on Thursday and headed for their biggest single-day rally since August 2020, after the cloud software vendor issued earnings and guidance that trounced analysts' estimates. After the close of regular trading on Wednesday, Salesforce reported fiscal fourth-quarter adjusted earnings of $1.68 per share, 23% higher than the consensus among analysts polled by Refinitiv. Alongside the earnings report, Salesforce said it's working with Bain on a business review, and the company announced the elimination of the board's committee on mergers and acquisitions. Rangan, who recommends buying the stock, raised his 12-month price target for the second time in a week after the report. WATCH: Salesforce earnings highlight how expectation beats can move markets, says Kari Firestone
☆ Elliot Management's stake in Salesforce is 'all about margin expansion,' says Needham's Scott Berg
  + stars: | 2023-01-23 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElliot Management's stake in Salesforce is 'all about margin expansion,' says Needham's Scott BergScott Berg, Needham managing director, joins 'Squawk Box' to discuss Elliot Management's new stake in Salesforce and more.
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