Salesforce 's strong earnings results should give CEO Marc Benioff some relief from ongoing activist pressure at the cloud software firm.
"This gives him definitive breathing room right now," Steve Grasso, CEO of Grasso Global, said Wednesday on CNBC's " Fast Money ."
Salesforce shares surged 15% in extended trading Wednesday after the cloud software maker beat expectations on the top and bottom lines , and issued a better forecast than Wall Street was expecting.
Salesforce in recent months has faced increasing activist pressure from firms such as Elliott Management, Third Point and Starboard Value.
To be sure, the strong results may not help Benioff for long, the "Fast Money" traders said.