Salesforce.com Rises On Unusually High Volume (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) is trading at unusually high volume Friday with three million shares changing hands. It is currently at two times its average daily volume and trading up $9.93 (+5.9%) at $179.15 as of 10:31 a.m. ET.

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Salesforce.com has a market cap of $24.45 billion and is part of the technology sector and computer software & services industry. Shares are down 0.7% 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, 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.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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