Salesforce.com Stock Gaps Up On Today's Open (CRM)
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 yesterday and opened today's trading at $145.37.
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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.