Taleo Rises On Unusually High Volume (TLEO)

NEW YORK (TheStreet) -- Taleo Corporation (Nasdaq:TLEO) is trading at unusually high volume Thursday with 1.6 million shares changing hands. It is currently at four times its average daily volume and trading up $2.97 (+9.7%) at $33.65 as of 2:17 p.m. ET. Taleo has a market cap of $1.3 billion and is part of the technology sector and computer software & services industry. Shares are up 11% year to date as of the close of trading on Wednesday.

Taleo Corporation provides on-demand talent management software solutions. The company has a P/E ratio of 173.8, below the average computer software & services industry P/E ratio of 184.1 and above the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Taleo as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Taleo Ratings Report.

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