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Growth 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.

Stock Performance 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.

From the company reports:

Q1 2025 Highlights:

Velan Inc. (TSX: VLN) announced that its sales reached $77.5 million for the first quarter of fiscal year 2025, which concluded on 31 May 2024. This figure represents an increase of $9.8 million, or 14.5%, in comparison to the same quarter of the previous year.

The gross profit for this period was reported at $23.8 million, accounting for 30.7% of sales, a significant rise from $15.1 million, or 22.2% of sales, recorded in the prior year.

Consequently, the company experienced a reduced net loss of $1.1 million in Q1 2025, a notable improvement from the net loss of $8.3 million reported in the previous year.

As of 31 May 2024, Velan maintained a net cash position of $34 million, a slight decrease from $36.4 million at the start of the fiscal year.

Financial Snapshot (2019-2023):

(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.

Growth Catalyst:

(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.

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.

Technical Analysis:

(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.

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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