Why Salesforce.com Stock Rose 15% in the First Half of 2020
Salesforce.com (NYSE: CRM) finished the first six months of the year up 15%, according to data from S&P Global Market Intelligence, as the cloud software giant delivered solid results in the face of the global pandemic and rode a broader recovery wave in SaaS (software-as-a-service) stocks. Salesforce started out the year on a strong note as the company got a series of bullish analyst estimates projecting a strong year for the customer relationship management specialist. As the stock tumbled in March alongside the market crash, CEO Marc Benioff pledged not to lay off any employees for the next 90 days.
