Stocks
Pure Financial Advisors Invests in Salesforce Amid Strong Earnings
Pure Financial Advisors LLC recently invested $718,000 in Salesforce Inc., purchasing 4,585 shares of the CRM provider's stock.
This is not the only investment firm to buy into Salesforce; Commonwealth Retirement Investments LLC and Manning & Napier Advisors LLC both acquired new stakes in the company during the fourth quarter.
Salesforce reported strong earnings and revenue growth in its second-quarter report, exceeding analyst estimates with adjusted earnings of $5.90 per share and revenue of $11.35 billion.
The company also raised its fiscal 2027 guidance to $46.1 billion-$46.4 billion in revenue and $16.67-$16.71 in EPS, with third-quarter guidance calling for $11.4 billion-$11.5 billion in revenue and $3.42-$3.44 in EPS.