No clouds for Salesforce. Stock up 8%.
November 21, 2012
Grazed from CNNMoney. Author: Paul R. La Monica.
Salesforce.com (CRM) bulls should be singing the following refrain today. "Hey. Hey! You. You! Get onto my cloud." (Still bummed that I didn’t get Rolling Stones tickets for their upcoming show at the new Barclays Center in Brooklyn.)
The cloud computing giant reported earnings and sales on Tuesday that topped analysts’ forecasts. Salesforce’s stock shot up 8% on the news Wednesday, making the company the best performer in the S&P 500 Wednesday…
It’s been a great year for the software as a service firm, led by former Oracle (ORCL) executive Marc Benioff. Salesforce is up more than 55% in 2012. But this is a very polarizing stock and the debate about whether Salesforce is just another hype-fueled tech stocks is playing out on StockTwits…
Read more from the source @ http://buzz.money.cnn.com/2012/11/21/salesforce-earnings-stock/