Salesforce shares plunged more than 16% in extended trade on Wednesday after the cloud-based software company reported its first quarterly revenue miss in 18 years and issued weak annual guidance. Monitor these two levels where buyers may step in to defend the price.
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(Bloomberg) ServiceNow Inc. provided an outlook for sales in the quarter that fell just short of analysts’ estimates, suggesting that corporate budgets for software purchases remain tight. The shares declined about 5% in extended trading.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenZuckerberg Asks for Patience After Meta’s AI Push Irks InvestorsTech Giants Hit in Late Hours After Meta