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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Salesforce.com (NYSE: CRM) hit a new 52-week high Wednesday as it is currently trading at $167.28, above its previous 52-week high of $165.89 with 1.5 million shares traded as of 2:41 p.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Salesforce.com has a market cap of $22.5 billion and is part of the technology sector and computer software & services industry. Shares are up 62.6% year to date as of the close of trading on Tuesday.

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.

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TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. 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 Salesforce.com Ratings Report.

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