Salesforce, Inc. CRM has had a rough year. The stock has declined 15.1% year to date (YTD), sharply underperforming the Zacks Computer and Technology sector, which has gained 25.6% over the same period. Still, Salesforce's weakness should not be viewed in isolation. Several large software companies are also under pressure. YTD, shares of Adobe Inc. ADBE, Oracle Corporation ORCL and SAP SE SAP have declined 32.1%, 25.6% and 13.3%, respectively. This points to broader concerns about the software industry rather than a major loss of confidence in Salesforce alone.
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