Earnings approach tomorrow in what is a very poor start to the month in the markets, CRM carries a lot of weight into those earnings with the lofty P/E ratio and investors may very well question the CEO's quest for morals over profit. All very well if you can afford it.
The stock has rolled over recently having failed to take out the old time high, a break to highs is a much better region to look for entry rather than this level between resistance and support.
Company profile
salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.
The stock has rolled over recently having failed to take out the old time high, a break to highs is a much better region to look for entry rather than this level between resistance and support.
Company profile
salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.