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Salesforce

Salesforce - is it correction time? or is slack to heavy...So CRM bought slack in a fairly expensive price and this caused investors to pull out and run -which is good because the stock needed to retrace and retrace the gap area between 220 -250. let’s focus on technical : Stock is moving in a downward trend with no lower highs only lower lows which means we are technically not in a downtrend ! the gap from 25th of August was finally filled and now the stock can keep climbing in a safer manner. the best part is we are seeing the correction from the drop beginning to correct and it fits our Stoch & ATR but most importantly it fits our POC and volume that indicates price should go back up to 250 (which is where the august gap ended - the wonders of volume never stop :)) So, stock needs to climb up to the 250 and make sure you keep in mind the 270$ line resistance that was tested several times and not broken To sum up, buy position to the 250$ line then we let it correct down for a day or so and jump back in to the 270$ line please note this trade is a quick one I assume a rise in Monday morning premarket and once market will open, we will already be halfway there so make sure you are in on time Happy Xmas and trade safe!
NYSE:CRMLong
by FDGT_academy
Salesforce bought Slack for $27 billion. What next?I think the Salesforce acquisition of Slack was genius. Why? They now have access to all of Slack's clients and companies. They can integrate all Salesforce products into it and go right after them to upsell them Salesforce products. This is a great attempt by Salesforce to keep growing revenues. However, there is more to this story... Before we get to the bear case, let's dive into one more interesting thing: Salesforce is officially going after Microsoft and Microsoft is going after Salesforce. Microsoft bought LinkedIn to essentially build its own CRM system for sales and contacts. They saw what Salesforce was trying to do. Now however, Salesforce is flipping the script. Imagine the following: Slack docs Slack spreadsheets Slack video You name it They are now going right after Microsoft Word and Excel. Also, to some degree, Google Business Solutions. That's where the bear case begins, however. This space is extremely competitive now and it's requiring more and more risk. A $27 billion acquisition? Salesforce could not build their own Slack for $27 billion? Salesforce could not find another cheaper company to acquire? Meanwhile companies like Discord are growing fast and coming for Slack. It seems that Salesforce's recent weakness, and point of this chart that Salesforce will return to its Volume Profile node, is that some long-term investors and holders are slightly weary of the cash spend and M&A mania that Salesforce has been on. They keep buying, rather than growing organically.
NYSE:CRM
by scheplick
9
SALESFORCE - Oversold and a good entry pointSalesforce is looking oversold to me and is heading straight for a support level that previously was a significant resistance (look at that breakout once buyers broke through). RSI is showing this as oversold. I am betting on a resistance to support flip and think this is a decent entry with small downside. Bullish on Salesforce as companies continue to rely on their tech setup to maintain, and reckon with a working from home / office blended culture in the post-vaccine near future. Salesforce recently bought Slack which is an interesting development, they seem to have sights set on conquering the end-to-end "sales conversation" within businesses. I'm buying this for a mid to long term hold.
NYSE:CRMLong
by hardenedinvestor
2
Salesforce (CRM): Solid Fundamentals and Technical AnalysisSoftware as a Service (SaaS) is at the center of attention due to the Coronavirus pandemic (Covid-19). Today, I’ll be analyzing the #1 firm in the Customer Relationship Management industry, Salesforce (CRM). - Salesforce is an extremely quickly growing business, whose founder was an ex-Oracle (ORCL) employee. - They currently employ the tallest building in San Francisco - Salesforce was added to the Dow Jones Industrial Average, and became the first Saas company to be listed on the S&P500 index. What is CRM? - CRM stands for Customer Relationship Management. - It’s essentially a software that allows salespeople to manage client info data - CRM, fundamentally, is a tool to drag new clients, maintain loyal customers, and increase customer value - Prior to Salesforce, companies such as Oracle (ORCL) and IBM (IBM) had to sell hardware, and the software license of the hardware, which all had tremendous installation costs. - As a result, CRM was selectively used by few major corporations - Salesforce revolutionized the marked by making CRM more approachable - They offered CRM through cloud computing, and became the first company to sell software through cloud computing systems. As such, Salesforce managed to offer CRM at a price 90% cheaper than the original cost - CRM is effectively used to provide data for artificial intelligence, and machine learning protocols, and is much more closely related to our lives than we know, from a marketing aspect. Financials - Despite having been in business for over 22 years, Salesforce shows a 29% yoy revenue growth- - This is due to their multi-cloud strategy in which they aggressively acquire other software companies - They reached a record quarterly revenue of $5.15 billion in Q2 2020 - This was mainly due to the explosive demand for work.com, a product that was developed for the Coronavirus pandemic situation. - For the third quarter, Salesforce speculated a revenue of $5.24 billion, which is a 16% increase compared to last year. - The company’s free cash flow increased by 22% in Q2, compared to that of last year, and is estimated to generate $35 billion in 2020. - Salesforces’ Price-to-sales multiple remained at 8-10, indicating that it is relatively undervalued compared to its software counterpart, Adobe. Business Model - Salesforce is well known for its aggressive acquisition of cloud related companies. - By offering marketing, commerce tools, and service cloud to existing Sales Cloud clients, they gather more meaningful data and expand potential client bases - Over 40% of users use multiple clouds, and these people are responsible for 93% of the company’s revenue. - Salesforce offers Service Cloud, which is a service that helps customer support and operations management. - By acquiring Exact Target in 2013, Salesforce has been expanding its marketing cloud base. - The marketing automatization that Exact Target has, allows Salesforce to incorporate cloud computing to emails, social media, messages, and digital apps - By doing this, they can accurately track the efficiency of marketing campaigns, and optimize advertisements - What’s most important to notice about Salesforces’ business model is that just like many other successful businesses, it has managed to establish a cloud ecosystem - Their AppExchange offers optimized CRM tool kits, and institutional level software - Salesforce also runs the Lightning Platform, which allows users to develop software that is optimized for their specific industry and business - Salesforce acquired MuleSoft, a data compiling company, and Tableu, a data analytics company, and this synergy is expected to generate exponential gains in the coming years. - In essence, Salesforce is capitalizing on an opportunity, during times of a digital turning point, by compiling data and software on a single platform Technical Analysis - CRM is currently moving in a clear uptrend, forming higher lows - It has recently topped out after having been listed on the Dow Jones Industrial Average (DJI), but shows strong support in critical areas - We are at a point where prices are testing the 0.236 Fibonacci retracement support - This zone of support is about to converge with the 60 Simple Moving Average (SMA) as well - The Relative Strength Index is moving towards to the oversold territory, having been at extremely overbought levels at the local top Conclusion Salesforce (CRM) is the dominant #1 in the CRM industry. Just as many other successful companies, it possesses a healthy ecosystem, specifically of cloud computing. Fundamentally, it has all the right components of a successful business model, and while the earnings are not as high as we would expect, due to mergers and acquisitions, their profitability can increase significantly over the coming years. Technical analysis also demonstrates a clear uptrend, and a potential buy opportunity. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
NYSE:CRMLong
by Michael_Wang_Official
2
Expecting Bullish Price Action on CRM- CRM appears ready to break upwards out of a Bollinger Band squeeze . The same bullish price action occurred when it reported Q2 earnings in late August. - The Commodity Channel Index , a measure of the current price level relative to the 20-day average price level, has moved above +200. This indicating a strong uptrend is beginning. - A bullish MACD crossover is also about to occur, signalling a shift in momentum to the upside. - The RSI indicates CRM is not yet overbought (RSI<70). - Furthermore, the stock is trading above its 20, 50, and 200 moving averages .
NYSE:CRMLong
by otis_bagshots
Salesforce - unbelievable rise, defies gravity, software FTWSalesforce is one of those stocks where every time I think their growth can’t get any better, they turn around and show that their growth is still just getting started. This chart shows that. Check out the quarterly revenue chart on the bottom panel. Wow. Continued growth and now they are doing $5 billion per quarter. They have yet to no *not* grow. At this point I am just totally impressed. The Regression trend on the chart is meant to show how big the pop was as it spiked to all-time highs after beating earnings and being added to the Dow. It's the first cloud stock to enter the Dow. That alone says a lot. Anyways, I am not long and don't plan on buying at any time soon. But, kudos to the team as they have proven me wrong. That's for sure.
NYSE:CRM
by scheplick
10
CRM - SALESFORCE - SHORT SETUP USING PUTSMETHOD: Short SALESFORCE {price at entry 156.40} via : +2 CRM 20 DEC 19 160 PUT @4.40 ; Trading with 0.75 of extrinsic value, well in the money. STRATEGIES: Using CRM day chart : The 20/50 Mean started a crossing downward pattern, and we can look for a new red cloud to form for a short. The Fisher Transform bounce signal has failed and is now showing a continuation short near a critical support price. TACTICS: The plan in terms of stock price : STOP is price > 160 TGT1 153 scale; TGT2 148.75 to exit Trail option price to Break Even once stock price < 154; OR consider scaling as red cloud becomes large You may let the Fisher Transform and 20/50 mean together take you out technically for whatever you get win or lose. Will update in comments, B3 d^.^b
NYSE:CRMShort
by HammondB3