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Enter Symbol:
 
Salesforce.com Inc (CRM) [hlAlert]

Rating:
Underperform
CRM
down 82.73 %

Salesforce.com Inc (CRM) rated Underperform with price target $27 by Friedman Billings

Posted on: Friday,  Nov 21, 2008  8:25 AM ET by Friedman Billings

Friedman Billings rated Underperform Salesforce.com Inc (NYSE: CRM) on 11/21/2008. Previously Friedman Billings rated Sell Salesforce.com Inc (NYSE: CRM) on 11/16/2007.,
when the stock price was $12.08. Since then, Salesforce.com Inc has gained 479.21% as of 11/20/2015's recent price of $69.94.
If you would have followed the previous Friedman Billings's recommendation on CRM, you would have lost 82.73% of your investment in 2926 days.

Salesforce.com, inc. is a provider of software on demand. The Company provides customer relationship management (CRM) service to businesses of all sizes and industries worldwide. The Company also provides a technology platform for customers and developers to build and run business applications. Approximately 55,400 customers worldwide use salesforce.com to manage their customer, sales and operational data. The Company designed and developed its offering to be an easy-to-use and intuitive solution that can be deployed rapidly, can be customized easily and can be integrated with other software applications. The Company deliver its service through a standard Web browser. Customers who use its enterprise cloud computing CRM service and platform are able to avoid many of the expenses and complexities of traditional enterprise software development and implementations.

FBR Capital Markets is a full service investment banking, institutional sales, trading and research and asset management firm with a customer-focused and innovative approach to meeting its clients needs. It focuses its banking, advisory, trading and research efforts on seven broad industry sectors including consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate and technology, media & telecom. With our headquarters in the Washington, D.C. metropolitan area, our Economic and Washington Policy Analysis groups offer clients a comprehensive overview of national economic trends along with a unique perspective on the impact that legislation and regulation will have on industry sectors and individual companies
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/21/2008 8:25 AM Sell
None
6.31 6.75
as of 12/24/2008
1 Week down  -4.80 %
1 Month down  -15.03 %
3 Months down  -48.28 %
1 YTD up  31.27 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/10/2008 8:25 AM Sell
None
7.74 7.75
2/28/2008 8:25 AM Sell
None
15.42 11.00
11/16/2007 9:25 AM Sell
None
12.08 8.75

(*) Stock Price at the time of the recommendation.
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