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 0.6%. By the end of trading, Salesforce.com fell $3.85 (-5.8%) to $62.37 on heavy volume. Throughout the day, 18,820,892 shares of Salesforce.com exchanged hands as compared to its average daily volume of 4,782,600 shares. The stock ranged in price between $60.97-$67.00 after having opened the day at $66.04 as compared to the previous trading day's close of $66.22. Other companies within the Computer Software & Services industry that declined today were:
), down 16.1%,
), down 10.4%,
), down 8.5% and
), down 8.0%.
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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 $38.4 billion and is part of the technology sector. Shares are up 20.0% year to date as of the close of trading on Thursday. Currently there are 23 analysts that rate Salesforce.com a buy, 1 analyst rates it a sell, and 3 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.
- You can view the full Salesforce.com Ratings Report.
On the positive front,
), up 13.4%,
), up 11.8%,
), up 9.5% and
), up 9.3% , 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.