Crm Stock Falls 4% Premarket After Mixed Guidance and $50 Billion Buyback, CEO Rebuts 'SaaS-pocalypse'
crm stock was down 4% in premarket trading after Salesforce issued mixed guidance and unveiled a $50 billion buyback commitment; the company’s chief pushed back on fears of a 'SaaS-pocalypse' even as earnings beat estimates and Agentforce demand rose.
Market reaction: shares slide 4% in premarket
Shares fell 4% in premarket trading on the mixed guidance and the announcement of a $50 billion buyback commitment, a move investors treated as both bold and cautionary. The 4% drop came before the market open and reflected investor scrutiny of the company's outlook and capital-allocation choices.
CEO rebuts 'SaaS-pocalypse' fears
The Salesforce chief dismissed fears of a so-called 'SaaS-pocalypse' driven by AI, framing the technology as an opportunity rather than an existential threat. That rebuttal was offered amid the company’s mixed guidance and the buyback announcement, a sequence of developments that left some investors reassessing near-term growth expectations.
Earnings beat and Agentforce demand rises
Salesforce reported an earnings beat against estimates, and demand for Agentforce rose, signaling continued customer interest in the company's products even as guidance tempered sentiment. The earnings beat and the noted rise in Agentforce demand were cited alongside the mixed guidance that helped drive the premarket move.
Press coverage and a Financial Times headline
A Financial Times piece titled 'Client Challenge' appeared in the coverage mix. The presence of that Financial Times headline added another frame for investors parsing the mixed guidance, the $50 billion buyback commitment and the chief executive’s comments on the AI-driven 'SaaS-pocalypse' narrative.
What comes next
Details about upcoming events or specific next steps were unclear in the provided context. Market participants will be watching further company commentary and trading beyond the premarket session after the 4% move, and will track any additional updates on buyback timing or guidance revisions.
For now, the stock reaction reflects three concrete developments: mixed guidance from Salesforce, a $50 billion buyback commitment and the chief executive’s dismissal of 'SaaS-pocalypse' fears, set against an earnings beat and rising Agentforce demand.
