Business & Finance
CrowdStrike and Salesforce prepare for quarterly earnings following stock rebounds
The upcoming financial reports will serve as a test for enterprise software valuations and sentiment surrounding artificial intelligence.
The short version
- CrowdStrike and Salesforce are set to publish their quarterly financial results on Wednesday evening.
- The earnings reports will test whether recent equity rebounds in cybersecurity and software-as-a-service are sustainable.
- Investors are watching to see if artificial intelligence is expanding or threatening the business models of enterprise software providers.
Key facts
- CrowdStrike and Salesforce are both scheduled to report quarterly earnings on Wednesday evening.[CNBC]
- CrowdStrike shares have increased by more than 55% year-to-date after rebounding from a low near $86 on February 23.[CNBC]
- Salesforce gained 40% in the nine weeks following a low of $146 on June 22, though its stock remains down over 22% for the year.[CNBC]
- CrowdStrike will hold its Fal.Con event from August 31 to September 3, and Salesforce is scheduled to host its Dreamforce conference from September 15 to 17.[CNBC]
What remains uncertain
- It remains unknown whether strong cybersecurity demand will directly convert into immediate earnings growth for CrowdStrike.[CNBC]
- It is uncertain whether Salesforce's earnings report will permanently ease market concerns about artificial intelligence disrupting traditional software licensing models.[CNBC]