The human-resources software company reported higher earnings and sales than expected, but dialed back its forecast for subscription revenue.
CRM stock has a relative strength line trending sharply lower with earnings due Wednesday after the close.
Salesforce's (CRM) expanding portfolio, client base, acquisitions and partnerships are key upsides. However, it will be prudent for investors to wait for a better entry time, considering a stretched valuation and near-term headwinds from macroeconomic uncertainties.