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Should We Buy These Enterprise Software Stocks Ahead Of Their Earnings?

Can these enterprise software stocks fuel the tech space to big gains?

Top Enterprise Software Stocks To Watch Ahead Of Earnings: Salesforce.com

Salesforce (CRM Stock Report) is the global leader in the customer relationship management industry. It brings companies and customers together through the Customer 360 platform. According to research firm IDC, Salesforce dominated the CRM market with a market share of 18.4% during 2019. That’s way ahead of its major rivals, SAP (SAP Stock Report) and Oracle (ORCL Stock Report), with 5.3% and 5.2% respectively.

Salesforce is reporting earnings after the market closes on Tuesday. Analysts expect the company to report sales of $4.9 billion and net income of $614.7 million, the latter equivalent to an EPS of 67 cents. In the same period last year, the company made 66 cents a share. Net income was $392 million on sales of $4 billion. CRM stocks have risen 17.3% since then.

Salesforce.com has achieved quite an impressive feat to overcome the plunge from the coronavirus-induced market crash earlier this year. Now that CRM stock is higher than its pre-pandemic levels, can we expect CRM stock to continue its rally ahead of its earnings tomorrow?

Click To Continue To Top Enterprise Software Stocks to Watch #2>>>

By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

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