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Counter Trend: Software Companies Leave SaaS to Partners
Posted January 7th, 2010 by Joe Panettieri
A counter-trend is emerging in the applications market. Over and over again, I’m hearing about application companies downplaying their own SaaS (software as a service) efforts — and instead delegating SaaS opportunities to VARs and managed service providers. Here’s a look at the counter-trend, which involves everyone from Oracle to a range of software upstarts.
SaaS Stocks Up 53 Percent So Far In 2009
Posted November 29th, 2009 by Joe Panettieri
With one month remaining in 2009, software as a service (SaaS) stocks remain red hot. Nine Lives Media Inc.’s SaaS 20 Stock Index is up 53.74 percent so far this year — with 19 of the 20 index members seeing their shares rise. Here’s a look at the index’s year-to-date winners, plus the reason why Rackspace Hosting Inc. is joining the SaaS 20 Stock Index.
NetSuite Financial Results: SaaS Reality Check
Posted July 31st, 2009 by Joe Panettieri
I still believe — strongly — in software as a service (SaaS). But it’s critically important to keep SaaS market realities in perspective. Is SaaS really that hot? Or is the market lukewarm? The answer varies from company to company. But here are some important clues from NetSuite, one of the most successful publicly held SaaS software providers.
SaaS Stocks Up Nearly 30% In First Half 2009
Posted July 3rd, 2009 by Joe Panettieri
The worst of times have turned into the best of times for software as a service (SaaS) stocks. After a horrid performance in 2008, SaaS stocks rallied nearly 30 percent during the first half of 2009, according to Nine Lives Media Inc.’s SaaS 20 Stock Index. Here’s a look at the SaaS leaders to date…
SaaS Stocks Setting the Pace on Wall Street in 2009
Posted May 24th, 2009 by Joe Panettieri
Despite new concerns about Salesforce.com’s growth rate, software as a service (SaaS) stocks are outperforming the Dow, S&P 500 and Nasdaq so far this year, according to our SaaS 20 Stock Index. And a new relationship between IBM and Intuit shows where SaaS is heading next. Here’s a look at SaaS trends on Wall Street.
Strong Quarterly Earnings Lift SaaS Stocks
Posted May 3rd, 2009 by Joe Panettieri
Strong quarterly earnings from multiple Software as a Service (SaaS) stocks lifted our SaaS 20 Stock Index 5.7% for the week ended May 1. Winners beat losers, 17 to 3 — as investors sharply bid shares up at Athenahealth Inc., Concur Technologies Inc., SuccessFactors Inc., NetSuite Inc. and Ingram Micro Inc. Here’s a closer look at the weekly SaaS winners and losers.
SaaS Stocks Continue Weekly Winning Streak
Posted April 18th, 2009 by Joe Panettieri
The SaaS 20 Stock Index climbed 1.86 percent for the week ending April 17, pushing software as a service stocks to their highest levels since mid October. Here’s a look at the weekly SaaS winners and losers.
SaaS Stocks Continue Winning Streak
Posted April 11th, 2009 by Joe Panettieri
After a depressing 2008, software as a service stocks continue to rally in 2009. The latest example: Our SaaS 20 Stock Index rose 3.45 percent for the week ending April 10, and the index is up 8.68 percent since the start of 2009. Here’s a quick look at the SaaS industry’s year-to-date winners and losers.
NetSuite Winning Back Wall Street?
Posted February 16th, 2009 by Joe Panettieri
Software as a service (SaaS) stocks fell slightly during the week ended February 13, but shares of NetSuite (N) — provider of on-demand ERP software — continue to rally. Here’s a look at the overall SaaS 20 Stock Index plus the reasons driving NetSuite’s recent rally.
Software as a Service Stocks Jump 7 Percent
Posted February 6th, 2009 by Joe Panettieri
Investors are worried about executive changes at Salesforce.com, but that didn’t stop a strong rally this week in software as a service (SaaS) stocks. Thanks to strong earnings from RightNow Technologies (RNOW) and several other companies, our SaaS 20 Stock Index jumped more than 7 percent for the week ended February 6. Here’s a look at the weekly SaaS winners and losers.
SaaS Stocks Fall Nearly 7 Percent In January 2009
Posted January 30th, 2009 by Joe Panettieri
First, the good news: Software as a service (SaaS) stocks performed better than the Dow Jones Industrial Average (down 8.84 percent) and the Standard & Poor’s 500 index (down 8.57 percent) in January 2009. Now the bad news: SaaS stocks still fell almost 7 percent during the month, according to our SaaS 20 Stock Index. Here’s a look at the biggest monthly SaaS winners and losers, plus a SaaS market forecast from IDC.
Software as a Service Stocks Down 5% In 2009
Posted January 25th, 2009 by Joe Panettieri
Our SaaS 20 stock index, which tracks software as a service stocks, is now down more than 5 percent in 2009, having slipped a nominal 1.22 percent for the week ended January 23. Here’s a look at the weekly SaaS winners and losers.
SaaS Stocks Down Nearly 4 Percent In 2009
Posted January 19th, 2009 by Joe Panettieri
So far, the New Year hasn’t been a happy one for software as a service stocks. Our SaaS 20 Stock Index fell 3.16 percent for the week ended January 16, and the index is now down 3.92 percent since the New Year. While MSPmentor remains upbeat about SaaS opportunities for managed service providers, investors remain cautious.
SaaS: Earning A Second Look In 2009?
Posted January 12th, 2009 by Joe Panettieri
Software as a service stocks (SaaS) dropped more than 40 percent in 2008, according to our SaaS 20 Stock Index. But the index is holding its own so far in 2009, and MSPmentor readers indicate that they think that the SaaS sector is poised to have a strong year, according to our latest weekly poll.
Weekly Poll: SaaS Stock Predictions for 2009
Posted January 5th, 2009 by Joe Panettieri
Our SaaS 20 Stock Index fell more than 40 percent during 2008. Will we see software as a service stocks rebound in 2009? I’m betting yes, but if you saw my track record on Wall Street you’d realize I am not a professional stock picker.
Software as a Service Stocks Rise 3 Consecutive Weeks
Posted December 13th, 2008 by Joe Panettieri
Software as a Service (SaaS) stocks are showing some strength, climbing three consecutive weeks. In the latest winning round, our SaaS 20 Stock Index climbed a modest 1.28 percent for the week ended Dec. 12.
Software as a Service Stocks Rise 4%
Posted December 7th, 2008 by Joe Panettieri
Software as a service stocks (SaaS) rose sharply for the second consecutive week. In fact, our SaaS 20 Stock Index climbed 4 percent for the week ended Dec. 5, and the index is up more than 21 percent since bottoming out on November 21.
Software as a Service Stocks Fall 11.86% for Week Ended Nov. 21
Posted November 22nd, 2008 by Joe Panettieri
Software as a service (SaaS) stocks remain on a losing streak. MSPmentor’s SaaS 20 stock index fell 11.86 percent for the week ended November 21. The index has fallen more than 55 percent since January 2008 — proving that SaaS companies are not immune to the economic turmoil around us.
Software as a Service Stocks: Down 50% In 2008
Posted November 15th, 2008 by Joe Panettieri
When it comes to software as a service’s potential, is the glass half full or half empty? Before you answer consider that MSPmentor’s SaaS 20 Stock Index is now down 50.42 percent from January through Nov. 14, 2008.
NetSuite: Bad News, Good News for Software as a Service
Posted November 4th, 2008 by Joe Panettieri
NetSuite, one of the software as a service (SaaS) industry’s key players, remains stuck in a financial paradox: Even as the company’s revenues rise dramatically, NetSuite’s stock remains depressed. What does that say about the SaaS market as a whole?
Software as a Service Stocks Rise with the Dow
Posted November 2nd, 2008 by Joe Panettieri
For the week ended October 31, our software as a service stock index closely followed the Dow Jones Industrial Average. While the Dow rose 11.3%, MSPmentor’s SaaS 20 Stock Index climbed 10.20%. But don’t cheer too loudly. For the year our SaaS 20 Stock Index is down 42.46%.
Consonus, Major Managed Service Provider, Cancels IPO
Posted October 20th, 2008 by Joe Panettieri
Consonus Technologies Inc., a data center expert and managed service provider, has cancelled its initial public offering (IPO). The Cary, N.C.-based company originally filed to launch an IPO in May 2007, notes the Web Host Industry News.
Software as a Service Stocks Continue Losing Streak
Posted October 19th, 2008 by Joe Panettieri
MSPmentor’s SaaS 20 Stock Index, which tracks the software as a service industry, has now fallen four consecutive weeks. The index dipped1.29 percent to 598.79 for the week ended October 17.
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