After a bumpy few months, Salesforce stock has shown signs of stabilizing in October. Shares hit a multi-month low of $235.69 on Oct. 1 amid broader market weakness and lingering post-earnings worriests2.tech. That slump — roughly a 7% drop in September — was fueled by soft guidance from management on future sales, which tempered expectations despite strong last-quarter resultsts2.tech. Early in October, an alarming security scare added to jitters: a hacker group claimed to have stolen data from Salesforce clients’ databases, sparking headlines about a potential breachts2.tech. Salesforce assured that its own systems weren’t compromised, but the incident was a stark reminder of cybersecurity risks in the cloud businessts2.tech.
