{"id":9619,"date":"2021-08-30T17:00:03","date_gmt":"2021-08-30T14:00:03","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=9619"},"modified":"2023-10-17T17:39:57","modified_gmt":"2023-10-17T14:39:57","slug":"what-influences-stock-prices-of-salesforce-and-western-digital","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2021\/08\/30\/what-influences-stock-prices-of-salesforce-and-western-digital\/","title":{"rendered":"What Influences Stock Prices of Salesforce and Western Digital?"},"content":{"rendered":"\n

Our topics for today are two American companies — Salesforce and Western Digital. Yes, that's correct: they have an almost 30 year's difference in experience take two bordering yet different niches: one develops corporate software, the other one makes computer electronics. Anyway, both attracted attention of investors this week. Let's find out how they managed to.<\/p>\n\n\n\n

<\/span>Salesforce: record quarterly revenue and improved forecast for 2022<\/span><\/h2>\n\n\n\n

On Wednesday, August 25th, a popular developer of corporate software and cloud services Salesforce reported their statistics for Q2, financial 2022. In short, director-general Marc Benioff called the last three months a phenomenon.<\/p>\n\n\n\n

The revenue of Slack that finally merged with Salesforce this July, grew by 39% to $530 million. According to CNBC, the company had forecast $30 million less. Moreover, on the list of the clients of the Slack-First Customer 360 platform are now such giants as IBM<\/a> and Sonos.<\/p>\n\n\n\n

Such impressive revenue in Q2, financial 2022 let the management revise the forecasts for the next 6 months. Revenue at the end of the year is expected to reach $26.2-26.3 billion and return in stock — $4.36-4.38. Both forecasts exceed the average Wall-Street expectations, which are $26.01 billion and $3.82, respectively.<\/p>\n\n\n\n

On August 26th, after the publication, the stock price of Salesforce (NYSE<\/a>: CRM) grew by 2.66%, reaching $267.79. And since the beginning of the year, the stock price has grown by 20%.<\/p>\n\n\n\n

<\/span>Important report details<\/span><\/h3>\n\n\n\n