Joseph K
Salesforce Set to Release Earnings Data Amidst Share Repurchase Program and Increased Institutional
Salesforce, a leading customer relationship management (CRM) provider, is set to release its earnings data after the market close on Wednesday, May 31st. With analysts expecting a posting of $1.61 per share for the quarter, investors are eagerly awaiting the announcement.
The company’s Board of Directors initiated a share repurchase program on March 1st that would allow it to repurchase $20 billion in outstanding shares. This move suggests that the company’s management believes its stock may be currently undervalued and has hopes for future growth.
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