27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Salesforce.com, inc. (NYSE: CRM)’s better-than-expected third-quarter results and upbeat guidance have eased investor concerns after the company’s shaky second quarter and an M&A spending-spree.
Q3 Print Highlights
The strong numbers and buoyant forward projections have sent the shares of enterprise cloud computing company up more than 7 percent in the Friday’s pre-market hours.
Following are the highlights from salesforce’s results:
- Q3 Revenue/EPS of $2.14 billion/$0.24, topped consensus of $2.12 billion/$0.21.
- Closed “record number” of seven-figure+ deals, closed seven large financial services customers.
- Deferred revenue grew 23 percent to $3.50 billion, above consensus of $3.42 billion.
- Unbilled deferred revenue rose over 28 percent to $8.6 billion, including about $350 million from Demandware.
- Billings rose 20 percent to $1.82 billion, beat consensus view of $1.72 billion.
- Guides Q4 revenue at $2.267 billion–$2.277 billion, above consensus of $2.24 billion.
- Sees Q4 EPS at $0.24–$0.25, slightly below consensus of $0.25 at the midpoint.
- Raises FY 2017 revenue guidance to a range of $8.365 billion–$8.375 billion from $8.275 billion–$8.325 billion and EPS view to $0.97–$0.98 from $0.93–$0.95.
- Sets $10 billion plus revenue target for FY 2018.
Analyst's Take
“We are reiterating our Buy rating and $101 price target as we continue to believe CRM should be a core portfolio holding for all tech investors,” Wunderlich analyst Ryan MacDonald wrote in a note.
MacDonald also raised his FY 2017 revenue estimate to $8.370 billion from $8.298 billion and EPS forecast to $0.98 from $0.94.
Shares of Salesforce closed Thursday’s trading at $75.19. In the pre-market hours Friday, they were seen to have gained 7.73 percent to $81.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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