Salesforce ( NYSE:CRM ) expanded its stock buyback program by $10 billion and announced a new dividend, but its annual revenue forecast that was below estimates pushed its shares down around 2% in after hours trading. The company's downbeat forecast signals a likely slowdown in cloud and tech spending as clients struggle with high interest rates and rising...
Strong Revenue Growth: Salesforce’s total revenue for Q2 2024 was $8.603 billion, up from $8.247 billion in Q1 20241. This consistent growth in revenue is a positive sign. Impressive Earnings Per Share (EPS): The basic earnings per share (EPS) for Q2 2024 was $1.4118, up from $0.7562 in Q1 20241. This significant increase in EPS indicates a strong financial...
If you haven`t bought CRM ahead of the previous earnings: Then analyzing the options chain and the chart patterns of CRM Salesforce prior to the earnings report this week, I would consider purchasing the 280usd strike price Puts with an expiration date of 2024-3-1, for a premium of approximately $5.15. If these options prove to be profitable prior to the...
Rising wedge breaking down here.. Short entry below 272 (50sma) Or retest of 285 (20sma). Target is 250
Short term opportunity for a LONG. Context: Market: strong Ticket weekly: Up wave Ticket daily: Up wave Ticket 1h: uptrend, consolidation (down wave) Last day: Gap-up open, price didn't find much support from buyers and was rejected. Rejection wasn't strong enough (price didn't reach prev day low), which shows lack of strong sellers interest. Conclusion:...
Key Takeaways: +Consistently making higher lows after strong uptrend and is forming into rising triangle on flat supply zone for ATH breakout +Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA +I would expect ~$9 move topside after breaking 289 which would send us to 298 & ATHs, based on the height of the rising triangle consolidation pattern
Salesforce has been showing a lot of strength lately and could be poisted to move even higher off this 270 handle. We may need to see more weakness out of the dollar so may need to stay patient. However, we currently believe this may be one of the leaders should equities continue higher over the long run.
Analysts at the Baird brokerage company have upgraded the stock rating for Salesforce Inc. from Neutral to Outperform, setting a target price of 300 USD. They believe the issuer's business has a high margin, and the subsequent introduction of artificial intelligence technologies will increase it. For this reason, Salesforce shares may become attractive for both...
52wk highs breakout closing in, rising RS rating, above 200dma and past 4 Quarterly earnings VWAP, I have reasons to believe this security displays all behaviors of super performance.
Amazon ( NASDAQ:AMZN ) and Salesforce ( NYSE:CRM ) have formed a strategic alliance to turbocharge the momentum of Amazon's Prime program. The integration of Amazon's "Buy with Prime" feature with Salesforce's NYSE:CRM Commerce Cloud platform promises to reshape the e-commerce landscape, offering a seamless shopping experience for Prime members while presenting...
270 PUTS 4 next week will print nicely here. CEO dumpin hard again like usual in this bloated PIG
Apple Inc. has introduced new integrations with the Salesforce Inc. tools, such as Apple Messages for Business in Service Cloud or ARKit in the Field Service mobile app. The partnership between the companies began in 2018 and continues to expand. Salesforce Inc. clients will be able to interact using Messages, and technicians will receive an ARKit-based room...
Up nearly 18% in just over a month. +70% YTD They report tonight and are probably strong today on other tech gains from last night's earnings report. $2.05 expected versus last of $1.90. No dividend. I would like to establish a short in the $232-$233 area as this sets up an Bearish Alternative Bat.(Anti Bat) RSI also getting a little up there. Momentum...
New short signal from my SSG trading system in Salesforce (CRM). This one tends to still run a bit before going into the direction of the signal, so I would be careful if you want to directly short the stock or trade it using a CFD or something like this. I will look into an options position later today and then update here again wether I am taking the trade.
Salesforce Inc. reported robust Q3 2023 results (financial year), significantly surpassing analysts' expectations: net income per share surged to $2.11, and revenue reached $8.72 billion. At the end of November, the company announced an expanded collaboration with Amazon.com Inc., which can contribute to sustained solid financial results for Salesforce in Q4 2023...
Salesforce surges on Q3 earnings beat amid 'green shoots' of cloud demand rebound. Salesforce lifted its full-year profit forecast amid what it called 'green shoots' in demand improvement from big buyers of its cloud-focused software. Salesforce (NYSE: CRM) - shares surged in early Thursday trading after it posted better-than-expected third quarter earnings, as...
I entered a trade on NYSE:CRM on Nov 29th just before the close. I was anticpating that NYSE:CRM will beat earnings and wanted to do an options earnings strategy where the risk is minimal but the return if the target price is reached is high. Based on my calculations, I figured that the stock price would likely move by about $15 up or down so I targeted the...