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Salesforce.com Inc. (CRM): Today's Featured Computer Software & Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Salesforce.com ( CRM) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 0.9%. By the end of trading, Salesforce.com fell $1.15 (-2.2%) to $52.00 on light volume. Throughout the day, 2,915,632 shares of Salesforce.com exchanged hands as compared to its average daily volume of 5,145,800 shares. The stock ranged in price between $51.71-$53.34 after having opened the day at $53.02 as compared to the previous trading day's close of $53.15. Other companies within the Computer Software & Services industry that declined today were: FAB Universal ( FU), down 8.8%, Netsol Technologies ( NTWK), down 7.9%, Proofpoint ( PFPT), down 6.7% and Rackspace Hosting ( RAX), down 5.4%.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $31.1 billion and is part of the technology sector. Shares are up 24.1% year to date as of the close of trading on Wednesday. Currently there are 23 analysts that rate Salesforce.com a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and generally higher debt management risk.

On the positive front, SeaChange International ( SEAC), up 11.3%, ICG Group ( ICGE), up 9.1%, Authentidate Holding Corporation ( ADAT), up 7.8% and Cimatron ( CIMT), up 7.7%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).

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