Salesforce.com Stock Gaps Up On Today's Open (CRM)

NEW YORK ( TheStreet) -- Shares of Salesforce.com (NYSE: CRM) were gapping up Friday morning with an open price 10.3% higher than Thursday's closing price. The stock closed at $131.77 Thursday and opened today's trading at $145.37.

The average volume for Salesforce.com has been 3.3 million shares per day over the past 30 days. Salesforce.com has a market cap of $15.98 billion and is part of the technology sector and computer software & services industry. Shares are up 29.9% year to date as of the close of trading on Thursday.

salesforce.com, inc. provides customer and collaboration relationship management (CRM) services to various businesses and industries worldwide. It also offers a technology platform for customers and developers to build and run business applications. The company has a P/E ratio of 12807, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Salesforce.com Ratings Report.

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