Salesforce Expands Data Security Portfolio with $1.9B Own Company Acquisition
Portfolio Pulse from Lekha Gupta
Salesforce is acquiring Own Company for $1.9 billion to enhance its data security offerings. The acquisition is expected to close in Salesforce's fiscal year 2025 and will be accretive to free cash flow in the second year post-closing. Salesforce also declared a quarterly dividend and reported strong Q2 earnings.
September 06, 2024 | 10:04 am
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POSITIVE IMPACT
Salesforce is acquiring Own Company for $1.9 billion to enhance its data security capabilities. The acquisition is expected to be accretive to free cash flow starting the second year after closing. Salesforce also declared a quarterly dividend and reported strong Q2 earnings.
The acquisition of Own Company enhances Salesforce's data security offerings, which is a critical area for growth. The deal is expected to be accretive to cash flow, indicating financial benefits. The declaration of a dividend and strong earnings report further support a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Salesforce's acquisition of Own Company and strong earnings report may positively impact the REX FANG & Innovation Equity Premium Income ETF, which includes Salesforce as a component.
Salesforce is a component of the FEPI ETF. The acquisition and strong earnings report from Salesforce could positively influence the ETF's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Salesforce's acquisition of Own Company and strong earnings report may positively impact the iShares Expanded Tech-Software Sector ETF, which includes Salesforce as a component.
Salesforce is a significant component of the IGV ETF. The acquisition and strong earnings report from Salesforce could positively influence the ETF's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50