Recently, CRM addressed the issue of excessive expenses, announcing job reductions and office closures in order to trim costs. It is clear that the company is prioritising its long-term health and outlook as it moves further into the future. In response, famed trader Michael Burry boldly stated, "CRM should have been down 25% on those job cuts. Job cuts are so not the reason to own that.".
If Burry is right in that Salesforce is overvalued, the picture may look much bleaker for its competitors -- the majority of whom have less revenue, less profit, and less market share. In this article, we'll take a look at CRM and some of its underlying fundamentals, as well as how it compares against one of its main rivals in the customer relationship management space -- Hubspot.
