Dreamforce Outage Hits Salesforce Stock Price as Rebound Targets $302.51
Salesforce (CRM) suffered an outage on its cloud software suite during Dreamforce in San Francisco, affecting customers worldwide. The incident occurred at 7:50 UTC or 3:50 a.m. EDT, with severe access latency, intermittent error messages, and unaccessibility to certain services.
The company's engineering team identified a fix for the issue and deployed it across all regions by 6:56 a.m. EDT. This outage came at a delicate time as Dreamforce is Salesforce's flagship annual tech conference and key commercial platform.
Salesforce has a client list of global giants, including Amazon, Walmart, Coca-Cola, Toyota, and IBM. Despite this setback, the company's stock price chart shows an upward trend with resistance at previous highs.
The daily chart structure indicates a completed trend reversal, with higher lows and higher highs since forming a periodic bottom near $146.32. Moving averages are below the current price, but short- and medium-term moving averages are trending upward overall.