Two tech stocks that have been receiving considerable attention from Wall Street going into their quarterly reports were Salesforce (CRM) and C3.ai (AI). Salesforce, the leader in customer relationship management software, reported Q1 earnings 5% above EPS expectations at $1.69 per share thanks to the company’s plans to lead the next major revolution in CRM with trusted and secure generative AI across its entire portfolio. Meanwhile, C3.ai’s fiscal Q4 earnings beat expectations, coming in at -$0.13 per share compared to estimates of -$0.17 per share, but Wall Street and investors were underwhelmed by the company’s ability to capitalise on AI fever. Both companies hold a Zacks Rank #3 (Hold) following their quarterly results. Despite this, the AI revolution appears to be upon us, and holding on to C3 and Salesforce stock could prove rewarding going forward.
Is it a Good Time to Buy Salesforce or C3.ai Stock After Earnings?
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