Salesforce.com Inc. (CRM): Today's Featured Computer Software & Services Winner
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.
(
) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day up 0.2%. By the end of trading, Salesforce.com rose $0.68 (1.6%) to $43.99 on light volume. Throughout the day, 4,328,767 shares of Salesforce.com exchanged hands as compared to its average daily volume of 6,528,400 shares. The stock ranged in a price between $43.52-$44.42 after having opened the day at $43.59 as compared to the previous trading day's close of $43.31. Other companies within the Computer Software & Services industry that increased today were:
(
), up 10.4%,
(
), up 9.6%,
(
), up 8.8% and
(
), up 7.8%.
salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $25.6 billion and is part of the technology sector. Shares are up 3.1% year to date as of the close of trading on Monday. Currently there are 25 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
. 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 negative front,
(
), down 14.4%,
National Instruments Corporation
(
), down 8.1%,
Ninetowns Internet Technology Group Company
(
), down 7.2% and
(
), down 6.6% , were all laggards within the computer software & services industry with
(
) being today's computer software & services industry laggard.
- 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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