Salesforce (CRM) Offering Possible 19.05% Return Over the Next 7 Calendar Days

Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $185.00 short put and a strike $180.00 long put offers a potential 19.05% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $185.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $180.00 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 59.57 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

Here's How Large Salesforce Option Traders Are Positioning Ahead Of Earnings
Tue, 11 Feb 2020 20:00:05 +0000
Salesforce.com, inc. (NYSE: CRM) shares are up 32.4% in the past six months on optimism about the company’s cloud-based customer relationship management services software. At 10:01 a.m. ET, a trader bought 932 Salesforce put options with a $180 strike price expiring on Feb. 21. Within seconds, a trader bought 532 of the same Salesforce put options with a $180 strike price expiring on Feb. 21.

Salesforce Target Price Boosted to $225 by Morgan Stanley
Tue, 11 Feb 2020 15:54:00 +0000
Salesforce.com “remains one of the best secularly positioned names in software and a long-term share gainer,” a Morgan Stanley analyst said Tuesday as he boosted the cloud-computing company's price target to $225 from $216. Shares of Salesforce were up slightly Tuesday to $190.27. Analyst Keith Weiss, who reiterated his overweight rating on shares of the San Francisco-based company, said in a note to clients that “after pulling together a portfolio of leading solutions enabling digital transformation initiatives for their customers, Salesforce is ready to yield on those investments and sustain a 28% free cash growth (compound annual growth rate)” through fiscal 2024.

Here's how Bay Area's 'decacorns' stack up after Snowflake's big valuation jump
Mon, 10 Feb 2020 18:48:22 +0000
Here's a look at the eight Bay Area venture-backed companies that are valued at $10 billion or more — and how some of them have fared after going public.

Snowflake valuation triples to $12.4B with massive funding round
Sat, 08 Feb 2020 00:24:08 +0000
Snowflake whipped up a massive $12.4 billion valuation with a $479 million Series G megafunding round, the company said Friday. San Mateo-based Snowflake, which is still flush with cash from its 2018 round of $450 million, decided to seek another large round because it wanted to attract Salesforce (NYSE: CRM) as a strategic investor, CEO Frank Slootman told me. It is part of a strategic alliance with Salesforce that we initiated.

Snowflake Vaults to $12 Billion Valuation, Partners with Salesforce
Sat, 08 Feb 2020 00:14:35 +0000
(Bloomberg) — Snowflake Inc., a maker of cloud-based databases, raised $479 million in its latest funding round, boosting the company’s valuation to $12.4 billion. It also announced a strategic partnership with Salesforce.com Inc.Snowflake sells a type of database that compiles information from various sources so it can be analyzed. The company competes against Amazon.com Inc.’s Redshift product as well as those from industry stalwart Oracle Corp., which has stumbled in the cloud-computing market. Snowflake’s use among clients more than tripled in 2019, making it the fastest-growing cloud-based business software product, according to Okta Inc.’s annual Business @ Work report last month. Snowflake’s new valuation will boost it to No. 13 among global startups, according to data from CB Insights. The company previously was valued at $3.9 billion.The increased valuation came about as part of the new relationship with Salesforce, Frank Slootman, Snowflake’s chief executive officer, said Friday in an interview. “They want to invest in the company as a condition of the partnership,” he said. “They want to benefit from the upside from them being a partner.”Salesforce Ventures, the investment arm of the customer-relations software maker, and Dragoneer Investment Group, which led the fundraising, each contributed half of the round, he said.Slootman said the company recently added two new female board members, Kelly Kramer, the chief financial officer of Cisco Systems Inc., and Teresa Briggs, a former executive at Deloitte LLP. Snowflake is preparing to make the leap to the public markets by the end of 2021, Slootman said.Existing Snowflake backers, including Altimeter Capital, Iconiq Capital, Madrona Venture Group and others, are expected to participate in another investment closing “within the next few weeks,” according to Snowflake.Snowflake said its alliance with Salesforce will involve products, marketing and sales efforts. It will release further details on the relationship in June. Slootman said that Salesforce and Snowflake will make it easier to transfer data between their systems, a process he currently describes as “clunky, slow, and expensive.”In some past instances, Salesforce has eventually acquired portfolio companies. To contact the author of this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Anne VanderMeyFor 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.

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