Salesforce.com Inc. (CRM): Today's Featured Computer Software & Services Laggard
(
) 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 up 0.6%. By the end of trading, Salesforce.com fell $0.45 (-1.1%) to $41.98 on light volume. Throughout the day, 4,077,250 shares of Salesforce.com exchanged hands as compared to its average daily volume of 6,628,000 shares. The stock ranged in price between $41.29-$42.43 after having opened the day at $42.27 as compared to the previous trading day's close of $42.43. Other companies within the Computer Software & Services industry that declined today were:
(
), down 7.2%,
(
), down 7.2%,
(
), down 6.6% and
(
), down 5.7%.
salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $24.6 billion and is part of the technology sector. Shares are down 1.2% year to date as of the close of trading on Friday. Currently there are 27 analysts that rate Salesforce.com a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Salesforce.com
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.
- You can view the full Salesforce.com Ratings Report.
On the positive front,
(
), up 11.2%,
(
), up 8.9%,
(
), up 8.3% and
(
), up 7.5% , were all gainers within the computer software & services industry with
(
) being today's featured computer software & services industry leader.
- Use our computer software & services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the computer software & services industry could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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