Salesforce.com Inc (CRM): Today's Featured Technology 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 Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.5%. By the end of trading, Salesforce.com rose $0.89 (1.8%) to $51.65 on average volume. Throughout the day, 6,634,944 shares of Salesforce.com exchanged hands as compared to its average daily volume of 6,595,200 shares. The stock ranged in a price between $49.82-$51.74 after having opened the day at $50.60 as compared to the previous trading day's close of $50.76. Other companies within the Technology sector that increased today were: UBIC ( UBIC), up 19.6%, Mad Catz Interactive ( MCZ), up 17.5%, Straight Path Communications ( STRP), up 16.7% and LogMeIn ( LOGM), up 16.2%.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $30.0 billion and is part of the computer software & services industry. Shares are down 11.0% year to date as of the close of trading on Tuesday. 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, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and generally higher debt management risk.

On the negative front, Ikanos Communications ( IKAN), down 29.5%, Power Integrations ( POWI), down 19.1%, Faro Technologies ( FARO), down 15.5% and AudioCodes ( AUDC), down 12.7% , were all laggards within the technology sector with FEI ( FEIC) 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).

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

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