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Dividend Stock Report

November 2, 2024

SALESFORCE INC.

NASDAQ: CRM

Velan, Inc. engages in the design, manufacturing, and marketing of industrial valves for use in industry applications. Its products include gate, globe and check valves, quarter-turn valves, cryogenic valves, HF acid valves, bellows seal valves, and steam traps. It operates through the following geographical segments: Canada, United States, France, Italy, and Other. The company was founded by A. K. Velan in 1950 and is headquartered in Montréal, Canada.

Advancing on long term revenue growth trends while stabilizing earnings growth.

From the Company Reports:

Recent Developments:

Alcoa Corp (NYSE: AA) announced on 1 August 2024, the completion of its acquisition of Alumina Limited, marking its first major acquisition.

Q2 2024 Results:

In the most recent quarter, alumina production experienced a sequential decline of 5 percent, totaling 2.53 million metric tons, largely attributable to the complete shutdown of the Kwinana refinery, which was finalized in June 2024. Conversely, revenue saw a sequential increase of 12 percent, reaching $2.9 billion, driven by elevated prices for alumina and aluminum. Additionally, net income rose sequentially to $20 million, equating to $0.11 per share.

The company concluded the second quarter of 2024 with a cash balance amounting to $1.4 billion.

Quarterly Financial Snapshot:

(Source: TradingView) 3-Month Performance Profile of CRM on a DTF compared to Dow Jones Industrial Average (DJI) and S&P 500 (SPX)
Salesforce exhibits a robust and stable trajectory of long-term sales and revenue growth, having consistently achieved revenue increases over the past five years, escalating from $17.1 billion in 2019 to $34.8 billion in 2023. The company’s latest quarterly results for the period ending July 31, 2024, further underscore this trend, with revenues reaching $9.33 billion, up from $8.76 billion in the same quarter of the previous year, reflecting a notable year-on-year growth rate of 8%. While the company’s earnings have historically shown volatility, the recent stability in quarterly performance instills confidence in its capacity to sustain both earnings and revenue growth in the upcoming year. Additionally, Salesforce’s commitment to inorganic growth is evident, particularly through its recent acquisition of a prominent data management firm, “Own.” With a balanced 14-Day RSI of 46.60 and favorable trends, Salesforce emerges as a compelling investment opportunity.

Dividend Profile:

(Source: TradingView) 3-Month Performance Profile of CRM on a DTF compared to Dow Jones Industrial Average (DJI) and S&P 500 (SPX)
Salesforce exhibits a robust and stable trajectory of long-term sales and revenue growth, having consistently achieved revenue increases over the past five years, escalating from $17.1 billion in 2019 to $34.8 billion in 2023. The company’s latest quarterly results for the period ending July 31, 2024, further underscore this trend, with revenues reaching $9.33 billion, up from $8.76 billion in the same quarter of the previous year, reflecting a notable year-on-year growth rate of 8%. While the company’s earnings have historically shown volatility, the recent stability in quarterly performance instills confidence in its capacity to sustain both earnings and revenue growth in the upcoming year. Additionally, Salesforce’s commitment to inorganic growth is evident, particularly through its recent acquisition of a prominent data management firm, “Own.” With a balanced 14-Day RSI of 46.60 and favorable trends, Salesforce emerges as a compelling investment opportunity.

Investment Rationale:

The demand for aluminum is projected to rise, driven by sectors such as automotive, aerospace, and renewable energy. Alcoa’s position as a leading aluminum producer positions it well to benefit from these trends. Moreover, Alcoa has implemented various cost-control measures, including process optimization and technological enhancements, which are expected to improve margins and overall efficiency. The company is also diversifying its product offerings, including specialty aluminum products and recycling operations, which can mitigate risks associated with commodity price volatility.

Outlook:

Salesforce exhibits a robust and stable trajectory of long-term sales and revenue growth, having consistently achieved revenue increases over the past five years, escalating from $17.1 billion in 2019 to $34.8 billion in 2023. The company’s latest quarterly results for the period ending July 31, 2024, further underscore this trend, with revenues reaching $9.33 billion, up from $8.76 billion in the same quarter of the previous year, reflecting a notable year-on-year growth rate of 8%. While the company’s earnings have historically shown volatility, the recent stability in quarterly performance instills confidence in its capacity to sustain both earnings and revenue growth in the upcoming year. Additionally, Salesforce’s commitment to inorganic growth is evident, particularly through its recent acquisition of a prominent data management firm, “Own.” With a balanced 14-Day RSI of 46.60 and favorable trends, Salesforce emerges as a compelling investment opportunity.

Analyst’s Take:`

Salesforce exhibits a robust and stable trajectory of long-term sales and revenue growth, having consistently achieved revenue increases over the past five years, escalating from $17.1 billion in 2019 to $34.8 billion in 2023. The company’s latest quarterly results for the period ending July 31, 2024, further underscore this trend, with revenues reaching $9.33 billion, up from $8.76 billion in the same quarter of the previous year, reflecting a notable year-on-year growth rate of 8%. While the company’s earnings have historically shown volatility, the recent stability in quarterly performance instills confidence in its capacity to sustain both earnings and revenue growth in the upcoming year. Additionally, Salesforce’s commitment to inorganic growth is evident, particularly through its recent acquisition of a prominent data management firm, “Own.” With a balanced 14-Day RSI of 46.60 and favorable trends, Salesforce emerges as a compelling investment opportunity.

As per Pristine Gaze, you may consider a “Buy” on “Salesforce Inc” at the closing price of “$249.57” (As of 11 September 2024).


*All currency figures are in Australian Dollars unless stated otherwise.

*All data sourced from company reports and TradingView.

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