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

Rating:
Hold CRM

Salesforce.com Inc (CRM) rated Hold with price target $66 by Jefferies & Co

Posted on: Wednesday,  Nov 18, 2009  8:25 AM ET by Jefferies & Co

Jefferies & Co rated Hold Salesforce.com Inc (NYSE: CRM) on 11/18/2009. Previously Jefferies & Co rated Underperform Salesforce.com Inc (NYSE: CRM) on
10/07/2008., when the stock price was $10.10. Since then, Salesforce.com Inc has lost 29.80% as of 10/23/2008's recent price of $7.09.
If you would have followed the previous Jefferies & Co's recommendation on CRM, you would have gained 42.45% of your investment in 16 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.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/18/2009 8:25 AM Hold
None
16.05 16.50
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/21/2009 9:25 AM Hold
None
13.05 13.75
2/26/2009 8:25 AM Hold
None
7.03 7.50
2/24/2009 8:25 AM Hold
None
6.62 6.75
10/23/2008 8:25 AM Hold
None
7.09 7.00
10/7/2008 8:25 AM Sell
None
10.10 9.00
5/22/2008 8:25 AM Buy
None
16.00 19.25

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