"Don't underestimate the stupidity of the seller," Jim Cramer told viewers on TheStreet's daily live show.
The company posted stronger-than-expected fourth-quarter earnings and raised its revenue guidance for the current financial year, but the cloud company issued near-term earnings guidance that was modestly weaker than analysts' forecasts.
Looking into 2019, Salesforce said it was raising its revenue forecast to a range of $15.95 billion to $16.05 billion and said it expects first-quarter revenue in the range of $3.67 billion to $3.68 billion, just shy of the $3.7 billion forecast. Non-GAAP earnings were forecast in the range of 60 cents to 61 cents a share, largely in-line with Wall Street estimates.
Jim Cramer warned that the market reaction to the selloff of Salesforce may be overdone. On the show Monday, Cramer called the selloff and warned investors that they should be cautious with Salesforce until three days after the company reports.
You can watch Cramer's comments on Salesforce ahead of earnings here.