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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.3%. By the end of trading, Salesforce.com fell $2.40 (-3.8%) to $60.74 on heavy volume. Throughout the day, 11,217,489 shares of Salesforce.com exchanged hands as compared to its average daily volume of 5,281,800 shares. The stock ranged in price between $59.73-$63.36 after having opened the day at $63.20 as compared to the previous trading day's close of $63.14. Other companies within the Technology sector that declined today were: Novatel Wireless ( NVTL), down 25.6%, Pixelworks ( PXLW), down 23.9%, Alaska Communications Systems Group ( ALSK), down 16.5% and Analogic Corporation ( ALOG), down 15.8%. salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $38.4 billion and is part of the computer software & services industry. Shares are up 15.4% year to date as of the close of trading on Thursday. Currently there are 25 analysts that rate Salesforce.com a buy, 1 analyst rates it a sell, and 3 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 and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive.
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