|Bid||255.25 x 1200|
|Ask||255.39 x 1000|
|Day's range||251.70 - 261.75|
|52-week range||201.51 - 311.75|
|Beta (5Y monthly)||1.07|
|PE ratio (TTM)||140.53|
|Earnings date||23 Feb 2022 - 28 Feb 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||326.56|
Salesforce.com's (NYSE: CRM) share price was climbing today as investors started coming back to the tech stock following its nearly 11% drop yesterday. Salesforce's stock was up by 3.7% as of 12:16 p.m. ET. Salesforce investors had a rough day yesterday after the company announced its third-quarter fiscal 2022 results earlier in the week.
Salesforce's (NYSE: CRM) stock fell 6% during after-hours trading on Nov. 30 after the cloud services company posted its third-quarter numbers. Its revenue rose 27% year-over-year to $6.9 billion, which crushed estimates by $60 million.
While weaker earnings reports often create an inconvenient price dip, the results can be more severe when it aligns with an overall market correction. Salesforce.com, inc.(NYSE: CRM) experienced such a situation, falling 20% off the fresh high in a matter of days. Yet, in such situations market often overreacts, creating new opportunities.