Salesforce (CRM) shares dipped on Thursday after the firm missed revenue estimates and reported a weak outlook. Wedbush Managing Director Dan Ives joins industry Domination to discuss his perspective on the firm’s future trajectory.
Ives notes that the current pressure on Salesforce represents “a bump in the road,” characterizing its guidance as conservative to “clear the deck” for the next quarter. He emphasizes that Salesforce remains “a gold-standard tech play” and now is an ideal opportunity for investors to acquire the stock.
“This is a situation where they have it all in front of them, and I just view this as a speed bump, not the start of a structural decline,” Ives tells Yahoo money management, expressing confidence in the firm’s long-term prospects.
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