Stock Upgrades in the Technology Sector: CRM, SONS, STX

Wall St. Watchdog reveals information about companies for which stock analysts upgraded shares in the Technology sector for the week ending December 2nd, 2011.

  • Salesforce.com (NYSE:CRM): Needham upgraded its rating on this company from Hold to Buy and changed its price target to $125 on Nov 28th. The shares recently traded at $125.01, up $13.83, or 12.44% since the analyst’s rating. About the company: Salesforce.com, Inc. provides software on demand. The Company supplies a customer relationship management service to businesses worldwide providing a technology platform for customers and developers to build and run business applications. Clients use Salesforce.com to manage their customer, sales and operational data. Get the most recent company news and stock data here >>
  • Sonus Networks (NASDAQ:SONS): Northland Securities upgraded its rating on this company from Market Perform to Outperform and changed its price target from $2.25 to $3.25 on Nov 29th. The shares recently traded at $2.66, up $0.19, or 7.69% since the analyst’s rating. About the company: Sonus Networks, Inc. provides voice infrastructure products. The Company’s hardware and software enables customers to deploy an integrated, packet-based network carrying both voice and data traffic. Sonus markets and sells its products to service providers, including long distance carriers, wholesale carriers, Internet service providers, and cable operators. Get the most recent company news and stock data here >>
  • Seagate Tech (NASDAQ:STX): Argus upgraded its rating on this company from Hold to Buy. About the company: Seagate Technology PLC designs, manufactures, and markets rigid disc drives for enterprise, personal computer, and consumer electronics applications. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>