NEW YORK (TheStreet) -- Shares of Salesforce.com (CRM) - Get Report were increasing in mid-afternoon trading on Tuesday as the San Francisco-based cloud software company is partnering with the privately held office messaging program Slack.
Under the partnership, Slack users will be able to search Salesforce data in the chat app by typing "/salesforce," which will provide the user with basic account details, Slack said in a statement.
Salesforce users can also create a new Slack channel within the cloud software without having to switch to the Slack app.
Additionally, Salesforce announced earlier today that it was rolling out a new Cloud Commerce software. The program helps consumer companies track customers and improve users' online shopping experience.
The service was launched as part of its $2.8 billion acquisition of cloud commerce company Demandware earlier this year.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
TheStreet Ratings team rates Salesforce.com as a Hold with a ratings score of C. COM INC (CRM) a HOLD. The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, it also finds weaknesses including premium valuation, weak operating cash flow and relatively poor performance when compared with the S&P 500 during the past year.
You can view the full analysis from the report here: CRM