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 13.7 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $1.59 (+4.3%) at $38.34 as of 3:56 p.m. ET.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Salesforce.com has a market cap of $22.31 billion and is part of the technology sector and computer software & services industry. Shares are down 12.6% year to date as of the close of trading on Thursday.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide.

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. 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.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..
null

If you liked this article you might like

How to Make Money on Booming Cloud Services Demand

Jim Cramer Reveals One Stock to Play the Cloud Space

Oracle Stock Falls on Disappointing Cloud Guidance

Bay Area Median Income Reaches New Highs, But Still Leaves Out Minorities

Jim Cramer on Nordstrom's Plans to Go Private