Salesforce.com Inc. (CRM): Today's Featured Technology 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 Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.0%. By the end of trading, Salesforce.com rose $0.87 (2.0%) to $43.65 on heavy volume. Throughout the day, 10,377,119 shares of Salesforce.com exchanged hands as compared to its average daily volume of 5,763,900 shares. The stock ranged in a price between $42.11-$43.98 after having opened the day at $42.36 as compared to the previous trading day's close of $42.78. Other companies within the Technology sector that increased today were:
(
), up 32.5%,
(
), up 25.0%,
(
), up 20.1% and
(
), up 17.5%.
salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $25.7 billion and is part of the computer software & services industry. Shares are up 1.0% year to date as of the close of trading on Wednesday. Currently there are 24 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, good cash flow from operations and solid stock price performance. 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 12.3%,
(
), down 10.6%,
(
), down 10.5% and
(
), down 9.2% , were all laggards within the technology sector with
(
) being today's technology sector laggard.
- Use our technology section to find sector-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 technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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