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 lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 0.2%. By the end of trading, Salesforce.com fell $1.94 (-3.5%) to $52.75 on average volume. Throughout the day, 8,318,783 shares of Salesforce.com exchanged hands as compared to its average daily volume of 5,625,400 shares. The stock ranged in price between $51.85-$54.14 after having opened the day at $53.77 as compared to the previous trading day's close of $54.69. Other companies within the Computer Software & Services industry that declined today were:
), down 7.3%,
), down 6.8%,
), down 6.5% and
), down 6.4%.
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salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $32.4 billion and is part of the technology sector. Shares are up 30.1% year to date as of the close of trading on Friday. 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
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and compelling growth in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good.
- You can view the full Salesforce.com Ratings Report.
On the positive front,
), up 12.6%,
), up 9.4%,
), up 6.4% and
), up 6.4% , 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
) while those bearish on the computer software & services industry could consider
- Find other investment ideas from our top rated ETFs lists.