Taleo Stock Hits New 52-Week High (TLEO)

NEW YORK ( TheStreet) -- Taleo Corporation (Nasdaq: TLEO) hit a new 52-week high Tuesday as it is currently trading at $45.85, above its previous 52-week high of $45.84 with 1.9 million shares traded as of 2:14 p.m. ET. Average volume has been 699,400 shares over the past 30 days.

Taleo has a market cap of $1.5 billion and is part of the technology sector and computer software & services industry. Shares are up 18.2% year to date as of the close of trading on Monday.

Taleo Corporation provides on-demand talent management software solutions. The company has a P/E ratio of 43.1, above the S&P 500 P/E ratio of 17.7.

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 and disappointing return on equity. You can view the full Taleo Ratings Report.

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