Salesforce.com soars

Business Week is reporting that shares of Salesforce.com Inc. have “soared to a new one-year high Monday.” The Salesforce earnings report will be released tomorrow, and investors are extremely optimistic.

Quotes Business Week: “‘We have learned that Salesforce.com and IBM have just recently formed an alliance to target the small-medium business market, yet another indicator of Salesforce.com’s tremendous momentum,’ Roth Capital Partners analyst Nathan Schneiderman wrote in a note to investors.”

According to Business Week, Salesforce.com’s stock was up US $1.76, or 4.2 percent, to US $43.96 in early afternoon trading on the New York Stock Exchange on Tuesday. The Salesforce.com one-year high was US $44.58, attained earlier in the day.