Salesforce, an enterprise software giant, is set to report third-quarter earnings, which could impact its stock performance. Despite a volatile past earnings report in August, analysts expect the company’s adjusted profit to rise 16% and revenue to grow 7%. The stock has held above its 21-day exponential moving average, a key short-term support level.
Other enterprise software companies, such as Samsara and Docusign, are also on the earnings calendar. Samsara reported its first annual profit in fiscal 2024 but experienced revenue growth slowdowns. Docusign’s adjusted profit is expected to rise 10% with revenue up 6%. Meanwhile, security software firms like Palo Alto Networks and Fortinet remain near highs after reporting strong results.
A call option trading strategy can be used to buy a stock at a predetermined price without taking significant risk. This involves identifying top-rated stocks with a bullish chart, checking strike prices, and choosing an expiration date that fits your risk objective. A recent example of this strategy involved a weekly call option on Salesforce, which had a premium of around $11.65 per contract.
As the company’s AI-powered platform, Agentforce, continues to gain attention, investors may be optimistic about its future performance. With the stock expected to rise 7% and adjusted profit rising 16%, shareholders may look for opportunities to capitalize on this trend.
Source: https://www.investors.com/research/earnings-preview/salesforce-headlines-busy-week-software-earnings