Salesforce is an American cloud based software provider that has its headquarters in San Francisco, California. The company has cloud based applications that focuses on e-commerce, analytics, customer relationships and application developments.
As future earnings move into focus with the prospect of a coming US recession how will Salesforce’s projections move the company’s share price? Will downbeat estimates emerge after earnings on Wednesday causing a drop in salesforce’s share prices?
Seasonally, salesforce has had a weak time over the last 10 years during the month of March. From March 01 to March 31 the shares price has fallen 80% of the time with an average fall of -3.63%
Are more falls ahead on Wednesday when earnings are announced after the close?
Major Trade Risks: The major trade risk here is that there is some positive earnings announcements and projections which lift Salesforce’s share price.
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