salesforce.com (CRM) Looks Good: Stock Adds 5.9% in Session

Zacks

salesforce.com, Inc (CRM) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $50.19 to $54.61 in the past one-month time frame.

The company has seen five positive and four negative estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Salesforce currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the computer software industry may consider stocks like Blackbaud Inc. (BLKB), Citrix Systems, Inc. (CTXS) and Manhattan Associates, Inc. (MANH). All these stocks sport a Zacks Rank #1 (Strong Buy).

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SALESFORCE.COM INC (CRM): Free Stock Analysis Report

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