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Quarter-End Insights

Technology: This Firm Is the Newest Software Empire

The force is with Salesforce, which is one of the most advantageously positioned companies in software.

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  • Overall, we view the technology sector as fairly valued at a market-cap-weighted price/fair value of 0.98; meanwhile, there are some opportunities in telecommunications at 0.93.
  • We believe  Salesforce.com (CRM) is among the most advantageously positioned companies in software to capitalize on the ongoing secular migration to the cloud. We think the market is underappreciating the opportunities Salesforce has to not only grow its business via its existing products, but also through greenfield opportunities.
  • Regulation and competition have battered the Mexican wireless business, but a rational three-player market is poised to emerge.

Brian Colello does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.