NEW YORK, June 19, 2024 (GLOBE NEWSWIRE) -- Top securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Salesforce, Inc. (NYSE:CRM) for potential violations of the federal securities laws. If you invested in Salesforce, you are encouraged to submit your information at https://www.bfalaw.com/cases-investigations/salesforce-inc.
Why Did Salesforce’s Stock Drop?
On May 29, 2024, Salesforce reported its fiscal Q1 2025 financial results. In pertinent part, Salesforce’s reported $9.13 billion in revenue came in below the midpoint of its previously issued guidance range and the current remaining performance obligation growth rate—a key bookings metric—came in below the company’s outlook. Salesforce also issued fiscal Q2 2025 revenue guidance of $9.2 to $9.25 billion, below consensus estimates.
As a result, Salesforce's stock price declined over 20% at the close of trading on May 30, 2024. BFA is investigating whether Salesforce and certain of its executives made materially false and/or misleading statements to investors related to Salesforce’s customer buying environment and/or the company’s sales execution abilities.
Submit your information here: https://www.bfalaw.com/cases-investigations/salesforce-inc.
What Can You Do?
If you invested in Salesforce, Inc. you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
Find out more by visiting:
https://www.bfalaw.com/cases-investigations/salesforce-inc
Or contact:
Ross Shikowitz
ross@bfalaw.com
212-789-3619
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
https://www.bfalaw.com/cases-investigations/salesforce-inc
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