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

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 0.8%. By the end of trading, Salesforce.com rose $0.66 (1.8%) to $38.22 on average volume. Throughout the day, 6,463,878 shares of Salesforce.com exchanged hands as compared to its average daily volume of 6,726,100 shares. The stock ranged in a price between $37.08-$38.82 after having opened the day at $37.22 as compared to the previous trading day's close of $37.56. Other companies within the Technology sector that increased today were: Daqo New Energy ( DQ), up 17.4%, Internet Gold Golden Lines ( IGLD), up 15.4%, iPass ( IPAS), up 13.3% and LiveDeal ( LIVE), up 13.3%.
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salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $22.3 billion and is part of the computer software & services industry. Shares are down 10.6% year to date as of the close of trading on Friday. Currently there are 26 analysts that rate Salesforce.com a buy, 1 analyst rates it a sell, and 4 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 increase in stock price during the past year. 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, Pixelworks ( PXLW), down 13.2%, eOn Communications Corporation ( EONC), down 10.6%, Aetrium Incorporated ( ATRM), down 10.5% and Sky-mobi ( MOBI), down 9.8% , were all laggards within the technology sector with Synaptics ( SYNA) 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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