NEW YORK, July 2, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Salesforce, Inc. (“Salesforce” or the “Company”) (NYSE: CRM). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Salesforce and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On May 29, 2024, Salesforce reported its fiscal Q1 2025 financial results. Among other items, Salesforce reported $9.13 billion in revenue, below the midpoint of its previously issued guidance range. Salesforce’s current remaining performance obligation growth rate—a key bookings metric—also 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.
On this news, Salesforce’s stock price fell $53.61 per share, or 19.74%, to close at $218.01 per share on May 30, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
SOURCE Pomerantz LLP