Cloud Forecast: What Jim Cramer's Watching in Salesforce Earnings
Salesforce is reporting earnings after the bell Tuesday.
Analysts expect the company to post earnings of 61 cents per share.
Last Friday, Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS portfolio, broke down the metrics he's paying attention to when the company reports earnings.
"I think what investors need to focus on is billings and just visibility into their 20% compound annual growth on the top line that they expect to do for the next couple of years," explained Marks.
"And if they can produce good billings results and really show that, give the market confidence that they can do that." While the metrics are important, investors looking to initiate a position in or snap up more Salesforce shares may be wondering when is the right time to buy.
"[Salesforce will have a] great number and then the stock gets hammered and then you buy, you know maybe this time is different because salesforce was down seven points ahead, but I'm not going to go against what the percentages are," said Jim Cramer.
Salesforce Is Breaking Key Support: Stand Aside Until the Stock Stabilizes Watch Jim Cramer's Daily NYSE Show and Replays Below