Salesforce.com Stock Hits New 52-Week High (CRM)

NEW YORK ( TheStreet) -- Salesforce.com (NYSE: CRM) hit a new 52-week high Friday as it is currently trading at $161.14, above its previous 52-week high of $160.12 with 382,577 shares traded as of 9:55 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Salesforce.com has a market cap of $21.58 billion and is part of the technology sector and computer software & services industry. Shares are up 56% year to date as of the close of trading on Thursday.

salesforce.com, inc. provides cloud computing and social enterprise solutions to various businesses and industries worldwide. The company delivers customer relationship management applications through Internet or cloud.

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 deteriorating net income, disappointing return on equity and generally poor debt management. You can view the full Salesforce.com Ratings Report.

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