Salesforce (CRM) Offering Possible 40.85% Return Over the Next 21 Calendar Days

Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $172.50 short put and a strike $167.50 long put offers a potential 40.85% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $172.50 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $3.55 would be incurred if the stock dropped below the $167.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Salesforce is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Salesforce is bullish.

The RSI indicator is at 62.86 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Salesforce

Workday Revenue Jumps on Robust Demand for Cloud Applications
Wed, 27 May 2020 21:18:59 +0000
(Bloomberg) — Workday Inc. reported quarterly revenue that topped $1 billion for the first time, beating analyst estimates and continuing growth for the maker of human resources software despite the economic challenges of the pandemic. Shares rose more than 7% in extended trading.Revenue increased 23% to $1.02 billion in the fiscal first quarter, the Pleasanton, California-based company said Wednesday in a statement. On average, analysts expected $994 million, according to data compiled by Bloomberg. After some expenses, profit was 44 cents a share, compared with analyst projections of 47 cents.Workday expects subscription revenue for the fiscal year of $3.67 billion to $3.69 billion, down from as much as $3.77 billion. In the second quarter, subscription revenue will be as much as $915 million, the company said.Chief Executive Officer Aneel Bhusri has targeted a goal of $10 billion in annual revenue, from $3.6 billion the past fiscal year. The company continues to expand its human resources, accounting and planning software to offer the capabilities of established rivals Oracle Corp. and SAP SE, but delivered through the cloud. Before Workday reported results, some analysts were concerned that corporate customers aren’t interested in pursuing large software deals and complicated implementations during the Covid-19 pandemic.“The cloud is playing a critical role in today’s climate, with organizations leaning on Workday to pivot — whether it’s helping employees learn virtually, closing books remotely, or scenario planning to determine what path to take,” Bhusri said in the statement.Workday also announced two partnerships Wednesday. One, with Microsoft Corp., will run Workday’s Adaptive Planning on the Azure cloud. Microsoft’s finance team will start using the product for its internal needs and both companies will collaborate on integrating their software products for mutual customers. The second partnership, with Salesforce.com Inc., aims to help organizations safely return to their offices in the wake of the Covid-19 pandemic.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Workday stock jumps on fiscal Q1 sales, Salesforce partnership
Wed, 27 May 2020 20:32:00 +0000
Shares of Workday Inc. rose nearly 6% in the extended session Wednesday after the cloud-software company reported sales above Wall Street expectations and announced a partnership with Salesforce.com Inc. . Workday said it lost $158 million, or 68 cents a share, in the quarter, compared with a loss of $116 million, or 52 cents a share, in the year-ago quarter. Adjusted for one-time items, Workday earned 44 cents a share, compared with 43 cents a share a year ago. Revenue rose 23% to $1.02 billion. Analysts polled by FactSet had expected an adjusted profit of 49 cents a share on sales of $1 billion. “The cloud is playing a critical role in today's climate, with organizations leaning on Workday to pivot,” Chief Executive Aneel Bhusri said in a statement. Workday said that while it was “well positioned” to weather the impact of the coronavirus pandemic, it was lowering its fiscal 2021 subscription revenue guidance to account for the near-term challenges with the pandemic. It said it expects fiscal 2021 subscription revenue in a range between $3.67 billion and $3.69 billion, and fiscal second-quarter subscription revenue between $913 million and $915 million. The partnership with Salesforce involves further integration of Workday and Salesforce's Work.com, a new suite of applications and resources to help business with their reopening, the company said. Shares of Workday had ended the regular trading day up 1.2%.

HP crushes earnings estimates on work-from-home PC demand — top exec says ‘we are undervalued'
Wed, 27 May 2020 20:05:40 +0000
Yahoo Finance catches up with HP's CEO Enrique Lores fresh off its second fiscal quarter earnings report.

Can Salesforce Hit New Highs on Earnings?
Wed, 27 May 2020 16:15:00 +0000
Salesforce has been trading well but has dipped over the past few days. Does that give it some room to run after earnings? Let's look at the stock.

Tech Stocks May 28 Earnings Roster: VMW, CRM, ADSK & More
Wed, 27 May 2020 14:39:02 +0000
Here is a sneak peek into how VMW, ADSK, ZS, OKTA and CRM are poised ahead of their earnings releases on May 28.

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