Strength Seen in Salesforce.com (CRM): Stock Gains 7.3%

Zacks

Salesforce.com, Inc (CRM) was a big mover last session, as the company saw its shares rise over 7% 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 past one month’s volatile price range of $52.75 to $56.25.

This provider of enterprise cloud computing solutions has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate hasn’t been in trend either. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Investors interested in the computer software industry may consider stocks like Aspen Technology, Inc. (AZPN), Progress Software Corporation (PRGS) and Citrix Systems, Inc. (CTXS). While Aspen Technology and Progress Software sport a Zacks Rank #1 (Strong Buy), Citrix Systems carries a Zacks Rank #2 (Buy).

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

ASPEN TECH INC (AZPN): Free Stock Analysis Report

PROGRESS SOFTWARE CP (PRGS): Free Stock Analysis Report

CITRIX SYSTEMS INC (CTXS): Free Stock Analysis Report


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