Taleo Rises On Unusually High Volume (TLEO)

NEW YORK ( TheStreet) -- Taleo Corporation (Nasdaq: TLEO) is trading at unusually high volume Thursday with 11.3 million shares changing hands. It is currently at 16.2 times its average daily volume and trading up $6.58 (+16.9%) at $45.52 as of 9:30 a.m. ET.

Taleo has a market cap of $1.5 billion and is part of the technology sector and computer software & services industry. Shares are up 0.6% year to date as of the close of trading on Wednesday.

Taleo Corporation provides on-demand talent management software solutions.

TheStreet Ratings rates Taleo as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures 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 weak operating cash flow. You can view the full Taleo Ratings Report.

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