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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Salesforce.com ( CRM) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day up 0.2%. By the end of trading, Salesforce.com rose $0.85 (1.6%) to $53.32 on average volume. Throughout the day, 4,140,175 shares of Salesforce.com exchanged hands as compared to its average daily volume of 5,145,800 shares. The stock ranged in a price between $52.85-$53.94 after having opened the day at $52.86 as compared to the previous trading day's close of $52.47. Other companies within the Computer Software & Services industry that increased today were: China Information Technology ( CNIT), up 13.4%, Changyou.com ( CYOU), up 10.3%, FireEye ( FEYE), up 7.3% and Sonic Foundry ( SOFO), up 5.9%.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $31.1 billion and is part of the technology sector. Shares are up 24.1% year to date as of the close of trading on Wednesday. Currently there are 23 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, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and generally higher debt management risk.

On the negative front, Sungame ( SGMZ), down 23.1%, Astea International ( ATEA), down 11.6%, FAB Universal ( FU), down 10.6% and TSR ( TSRI), down 7.1% , were all laggards within the computer software & services industry with Electronic Arts ( EA) being today's computer software & services industry laggard.

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).

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