Salesforce.com Inc. (CRM): Today's Highlighted Winner For Technology

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.

Salesforce.com ( CRM) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.5%. By the end of trading, Salesforce.com rose $2.95 (1.7%) to $178.83 on average volume. Throughout the day, 1.6 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in a price between $175.08-$179.22 after having opened the day at $175.83 as compared to the previous trading day's close of $175.88. Other companies within the Technology sector that increased today were: LiveDeal ( LIVE), up 35.4%, Parametric Sound ( PAMT), up 18.8%, Himax Technologies ( HIMX), up 18.3%, and Netlist ( NLST), up 16.4%.
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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. Salesforce.com has a market cap of $25.42 billion and is part of the computer software & services industry. Shares are up 4.6% year to date as of the close of trading on Wednesday. Currently there are 27 analysts that rate Salesforce.com a buy, two analysts rate it a sell, and three rate it a hold.

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 solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.

On the negative front, Deltathree ( DDDC), down 11.1%, TranSwitch Corporation ( TXCC), down 8.5%, SemiLEDs ( LEDS), down 8%, and Dynasil Corporation of America ( DYSL), down 7.9%, were all laggards within the technology sector with Nokia Oyj ( NOK) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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