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.
Amazon Web Services: MSPs Keep An Open Mind
Posted February 5th, 2009 by Joe Panettieri
Can Amazon Web Services and other cloud services from the online retailer catch on with managed service providers? The vast majority of MSPs are keeping an open mind as Amazon continues to expand its cloud, according to MSPmentor’s latest weekly reader poll. Take a look at the results.
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.
SaaS Stocks Fall 2.13% for Week Ended August 29
Posted August 31st, 2008 by Joe Panettieri
Disappointing quarterly results at Dell Inc. dragged down MSPmentor’s SaaS 20 Stock Index for the week ended August 29. The index, which tracks the software as a service industry, fell 2.13% during the week.
Amazon.com Lifts SaaS 20 Stock Index for Week Ended July 25
Posted July 26th, 2008 by Joe Panettieri
A strong financial report from Amazon.com lifted the SaaS 20 Stock index a tiny 0.20% gain for the week ended July 25. The index has now climbed almost four percent since early July. Are software as a service (SaaS) stocks ready to continue a rally? We’ll find out on July 30, when RightNow (RNOW) is scheduled to announce 2Q results after the market closes.
SaaS 20 Stock Index Down 3.6% for the Week
Posted June 27th, 2008 by Joe Panettieri
Software as a service (SaaS) may represent the future of IT, but MSPmentor’s SaaS 20 Stock Index continues to slide downward like the rest of Wall Street. While the Dow is approaching bear market territory — down nearly 20% from its October 2007 high — the SaaS 20 Stock Index has slid 16.38% in 2008 and 3.63% for the week ended June 27.
SaaS 20 Stock Index Slides 1.75% for the Week
Posted June 21st, 2008 by Joe Panettieri
MSPmentor’s SaaS 20 Stock Index, which tracks the software as a service industry, slid 1.75 percent for the week ended June 20, 2008. But that’s not so bad, considering the Dow slipped 4 percent on the week and hit a 3-month low.
Mosso Launches Managed Storage at 15 Cents Per Gigabyte
Posted May 6th, 2008 by Joe Panettieri
Two Rackspace veterans are launching a cloud-based storage service that could give Amazon.com’s Simple Storage Service (S3) a run for its money. The new service, known as Mosso CloudFS, is in private beta and may be of interest to managed service providers (MSPs) that are formulating storage stategies. Here are some quick details.
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