Salesforce.com Inc. (CRM): Today's Featured Computer Software & Services Laggard

Salesforce.com ( CRM) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 1.9%. By the end of trading, Salesforce.com fell $0.38 (-1.0%) to $37.80 on light volume. Throughout the day, 3,792,937 shares of Salesforce.com exchanged hands as compared to its average daily volume of 6,810,600 shares. The stock ranged in price between $37.76-$38.72 after having opened the day at $38.56 as compared to the previous trading day's close of $38.18. Other companies within the Computer Software & Services industry that declined today were: FalconStor Software ( FALC), down 12.4%, Webmedia Brands ( WEBM), down 6.7%, Mediabistro ( MBIS), down 6.7% and EPAM Systems ( EPAM), down 5.2%.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $23.0 billion and is part of the technology sector. Shares are down 9.1% year to date as of the close of trading on Friday. Currently there are 27 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 positive front, Wave Systems Corporation ( WAVX), up 260.0%, CounterPath Corporation ( CPAH), up 12.9%, Zynga ( ZNGA), up 10.4% and Crexendo ( EXE), up 9.6% , were all gainers within the computer software & services industry with Intuit ( INTU) being today's featured computer software & services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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