Salesforce.com #2 Fastest Growing Tech Stock in 2008
January 28, 2008
Salesforce moves up from 3rd place in 2007 to 2nd on Forbes.com top 25 list in 2008, just behind Google.
Forbes recently released its latest 25 Fastest Growing Tech Stocks report that lists Google and Salesforce.com in first and second place respectively.
Although Google’s share price dwarfs Salesforce’s (about 11x more expensive in terms of price as of last week), CRM topped GOOG in the Earnings Per Share (EPS) category sitting at 40% EPS compared to GOOG’s 30% for the same period.
From the Report:
“It has been a rough 12 months for the stock market, including technology stocks. The S&P 500 is off 2.1% over the past 12 months (dividends excluded) and the NASDAQ 100 Tech Index is off 8.7%. But you could have done well owning the really hot technology companies.”
According to the report, Forbe’s picks from 2007 are up 16% over all to date.
See the full article here.
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