Tech Stocks in the Rumor – salesforce.com (CRM), Adobe Systems Incorporated (ADBE)
Shares of salesforce.com, inc. (NYSE:CRM) ended Thursday session in red amid volatile trading. The shares closed down -1.60 points or -2.22% at $70.63 with 6.69 million shares getting traded. Post opening the session at $71.38, the shares hit an intraday low of $70.50 and an intraday high of $71.38 and the price vacillated in this range throughout the day. The company has a market cap of $48.25 billion and the numbers of outstanding shares have been calculated to be 685.00 million shares.
salesforce.com, inc. (CRM) announced new enhancements to the world’s largest “born in the cloud” partner program including new technology benefits, enablement programs, marketing support and learning opportunities to empower partners to drive customer success faster than ever before.
Salesforce partners achieved strong momentum this year, driven by thousands of customers deploying cloud solutions to digitally transform their businesses. In fact, IDC now predicts that Salesforce and its customers and partners will create nearly 1.9 million new jobs and more than $389 billion in new GDP impact worldwide by 2020. And, in new data presented at Dreamforce, IDC revealed Salesforce partners report average year-over-year revenue growth of 48 percent, using the Salesforce Platform, Salesforce AppExchange and Salesforce Partner Program to lower barriers to development, increase their market reach and grow their businesses.
Shares of Adobe Systems Incorporated (NASDAQ:ADBE) ended Thursday session in red amid volatile trading. The shares closed down -0.04 points or -0.04% at $108.01 with 1.59 million shares getting traded. Post opening the session at $107.13, the shares hit an intraday low of $106.53 and an intraday high of $108.13 and the price vacillated in this range throughout the day. The company has a market cap of $54.05 billion and the numbers of outstanding shares have been calculated to be 497.23 million shares.
Adobe Systems Incorporated (ADBE) announced that it has been recognized by Gartner, Inc. as a Leader in the 2016 Magic Quadrant for Web Content Management research report for the sixth consecutive year. Adobe is positioned the furthest in completeness of vision. Adobe was one of 18 companies Gartner evaluated in the report, which evaluated marketing software vendors across comprehensive criteria including customer experience, innovation, market understanding, market strategy and offering (product) strategy, among others.
“Brands must move quickly to meet consumer expectations of personalized experiences that are consistent across the customer journey,” said Aseem Chandra, vice president, Adobe Experience Manager and Adobe Target. “Adobe Experience Manager provides a leading content platform for both mid-market companies and enterprises to innovate and realize their digital transformation strategies quickly for competitive advantage.”