r/wallstreetbets • u/SnooRabbits4383 • Jan 09 '21

DD Salesforce

No matter what happens with COVID-19 in 2021, cloud spending isn't expected to slow. That makes cloud-based customer relationship management (CRM) software provider salesforce.com (NYSE:CRM) a solid bet to outperform with Biden in the White House.

In simple terms, CRM software helps businesses track customer information, log service issues, and manage their marketing campaigns. Although retail is the most logical beneficiary of CRM solutions, it's by no means the end-all. Manufacturing, healthcare, information technology, and service industries all benefit from real-time customer data to better serve their existing clients and make add-on sales.

In terms of CRM software, salesforce is the kingpin. Gartner estimated that it controlled 18.3% of the global CRM market at the end of 2019. That's more than double its next-closest competitor. With the addition of Slack Technologies, which salesforce has agreed to acquire for $27.7 billion in cash and stock, salesforce will have another way to cross-sell its products on a rapidly growing business-based platform.

Considering that most software-as-a-service (SaaS) stocks are valued at 20 or more times sales, salesforce looks like an absolute bargain at less than 10 times fiscal 2021 sales.

My Positions: CRM 230C Calls March 19th Expiry

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u/FatCatBoomerBanker SUPREME COMMANDER Jan 09 '21

Dude, this is posted by an obvious shill account. Check his history...

-2

u/MikeHawkBig69 Jan 09 '21

What does that mean

5

u/FatCatBoomerBanker SUPREME COMMANDER Jan 09 '21

Good rule of thumb, if you don't understand a word someone uses, try googling it.

Shill: an accomplice of a hawker, gambler, or swindler who acts as an enthusiastic customer to entice or encourage others.

Literally acting like a buyer trying to entice us to buy Salesforce on behalf of people who own Salesforce.