Jim Cramer Discusses His Bearish Sentiment Around Salesforce

Salesforce, Inc. (NYSE:CRM) is one of the stocks Jim Cramer recently shed light on. A caller inquired if it is a good time to get into the stock, and Cramer replied:

“Okay, Salesforce, great question. I’ve owned the stock for, I don’t know, more than a decade. Here’s the problem… It’s enterprise software, and right now, the long knives are out for enterprise software. I need to see the quarter before I tell you… We own a small position for a Charitable Trust. We used to have a very big position. I’m nervous about exactly what I just laid out, which is this enterprise software of which Salesforce is very much involved in, even its ‘agentics,’ which is marvelous, is part of the software cohort.”

Salesforce, Inc. (NYSE:CRM) provides a unified platform designed to support sales, customer service, marketing, analytics, and e-commerce functions. The company’s solutions assist businesses in managing customer relationships and operational workflows.

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Disclosure: None. This article is originally published at Insider Monkey.