Salesforce Prices $25 Billion Senior Notes Offering to Fund Stock Buybacks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2026
0mins
Should l Buy CRM?
Source: Benzinga
- Bond Offering Size: Salesforce has announced a $25 billion senior notes offering aimed at repurchasing common stock through accelerated share repurchase (ASR) agreements, indicating proactive capital management despite challenges in the SaaS market.
- Strong Earnings Performance: Despite the difficulties faced by the SaaS industry, Salesforce reported fourth-quarter revenue of $11.2 billion on February 25, surpassing the $11.18 billion consensus, demonstrating robust market competitiveness even in adversity.
- Technical Analysis Signals: Salesforce's stock is currently trading 6.1% above its 20-day simple moving average but remains 12.6% below its 100-day simple moving average, indicating a short-term bounce while the overall trend remains weak, suggesting caution for investors.
- Future Outlook: The upcoming earnings report on May 27 is expected to show an EPS of $2.79 and revenue of $11.06 billion, representing year-over-year increases of 8.1% and 12.5%, respectively, which will serve as a significant catalyst for stock price movement.
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Analyst Views on CRM
Wall Street analysts forecast CRM stock price to rise
39 Analyst Rating
29 Buy
9 Hold
1 Sell
Moderate Buy
Current: 185.030
Low
223.00
Averages
326.40
High
405.00
Current: 185.030
Low
223.00
Averages
326.40
High
405.00
About CRM
Salesforce, Inc. is a customer relationship management (CRM) technology company. Its artificial intelligence (AI) powered Agentforce 360 Platform offers sales, service, marketing, commerce, collaboration, data management, integration, analytics, and information technology (IT) service solutions. It enables customers to build and deploy digital labor for employees and customers, leveraging autonomous AI agents across business functions. Its service offerings include Agentforce Sales, Agentforce Service, Agentforce 360 Platform, Slack and Others. The Agentforce Sales provides sales capabilities and tools built for organizations across prospecting, sales engagement, team collaboration, sales analytics and AI, sales programs, sales performance, partner management, and revenue and orders. The Agentforce Service provides field service solutions that enable companies to connect service agents, dispatchers and mobile employees through platform to schedule, dispatch and manage jobs.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Current Performance: In Q4 2025, ServiceNow's subscription revenue surged 21% year-over-year to $3.47 billion, reflecting strong business momentum, yet its high P/E ratio of 63 indicates that the market expects continued robust growth.
- Sales Growth: Salesforce's total revenue increased 10% year-over-year to $41.5 billion in fiscal 2026, and while its growth rate is significantly slower than ServiceNow's, the company is pushing its Data 360 platform and Agentforce AI to rejuvenate its core business.
- Adobe Valuation: Adobe's total revenue rose 12% year-over-year to $6.4 billion in Q1 2026, and despite a 31% drop in stock price year-to-date, its P/E ratio of just 14 suggests a relatively cheap valuation that may attract investors.
- Market Risks: Although Adobe's fundamentals are strong, there are concerns about how generative AI could disrupt creative workflows, and if new tools reduce the need for its premium creative suites, the company's pricing power could be eroded.
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