Salesforce (CRM) Offering Possible 17.51% Return Over the Next 34 Calendar Days

Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $230.00 short call and a strike $250.00 long call offers a potential 17.51% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $230.00 by expiration. The full premium credit of $2.98 would be kept by the premium seller. The risk of $17.02 would be incurred if the stock rose above the $250.00 long call strike price.

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

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

The RSI indicator is at 31.29 level which suggests that the stock is neither overbought nor oversold at this time.

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LogicMonitor Appoints Former Slack Executive Christina Kosmowski as President
Thu, 14 Jan 2021 12:49:00 +0000
Customer-centric Growth Expertise Honed at Salesforce and Slack will Propel LogicMonitor’s Global Scale and Technical InnovationSANTA BARBARA, Calif., Jan. 14, 2021 (GLOBE NEWSWIRE) — LogicMonitor, the leading cloud-based IT infrastructure monitoring and observability platform for Enterprises and Managed Service Providers (MSPs), today announced the appointment of veteran technology leader Christina Kosmowski as President of the high-growth SaaS company. The appointment comes at a time when both LogicMonitor’s global customer base and product capabilities continue to scale rapidly. Demand from enterprises seeking full visibility into complex, hybrid IT infrastructures has created a market opportunity predicted to grow to more than $100 billion by 2024, according to IDC. LogicMonitor is well-positioned to capitalize on the opportunity. LogicMonitor recently ranked No. 378 on Deloitte’s 2020 Technology Fast 500™ due to the company’s impressive revenue growth of 255% over the past three years.Kosmowski joins LogicMonitor after spearheading Global Customer Success and Services at publicly traded Slack (NYSE: WORK), where she was instrumental in scaling the business from $90 million in annual revenue to $1 billion in annual revenue. Prior to Slack, Kosmowski spent 15 years at Salesforce (NYSE: CRM), where she oversaw functions including renewals, consulting, support and customer success management and helped the company grow from $20 million to $10 billion.As President, Kosmowski will lead LogicMonitor’s go-to-market strategy, research and development, and customer success practices as the company enters the next stage of its rapid growth trajectory. She will report to CEO Kevin McGibben and will work closely with McGibben and LogicMonitor’s leadership team to set the strategic path of the company moving forward.“LogicMonitor is serving as a catalyst for digital transformation and IT modernization at a time when the ability to provide an uninterrupted digital customer experience can make or break a business,” said Kosmowski. “I’m grateful for the opportunity to work with LogicMonitor’s top-notch team and help elevate and scale this company as it continues to deliver a valuable, world-class IT observability platform.”Kosmowski holds a board position at Rapid7 (NASDAQ: RPD), and is a founding limited partner of Operator Collective, a group of more than 100 of tech’s most sought-after operators, investors and founders from diverse backgrounds who invest in and accelerate the next generation of business-to-business technology.“I am thrilled to welcome Christina to the LogicMonitor team,” said McGibben. “Christina brings vast hands-on leadership and operations experience from her nearly two decades of leadership roles at world-class SaaS technology companies. Her energy, enthusiasm and unique expertise in building global customer-centric enterprise software businesses makes her the perfect leader as LogicMonitor continues to grow and scale aggressively.”Kosmowski began her career as a manufacturing engineer at Tenneco Packaging after receiving her bachelor’s degree in Industrial Engineering from Northwestern University and later transitioned into consulting. Kosmowski also worked as a project manager at Inforte, a global consulting firm specializing in e-business software applications.About LogicMonitor® Monitoring unlocks new pathways to growth. At LogicMonitor®, we expand what’s possible for businesses by advancing the technology behind them. LogicMonitor seamlessly monitors infrastructures, empowering companies to focus less on problem solving and more on evolution. We help customers turn on a complete view in minutes, turn the dial from optimization to innovation and turn the corner from sight to vision. For more information, visit www.logicmonitor.com. Contact  Anna Lindsey LogicMonitor Tel: (805) 323-3901 Email: anna.lindsey@logicmonitor.com

Salesforce.com (CRM) Stock Sinks As Market Gains: What You Should Know
Tue, 12 Jan 2021 22:50:10 +0000
In the latest trading session, Salesforce.com (CRM) closed at $215.52, marking a -1.25% move from the previous day.

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