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 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.
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.
Kenexa Drags Down Software as a Service Stocks
Posted September 14th, 2008 by Joe Panettieri
MSPmentor’s SaaS 20 Stock Index declined 1.47% for the week ended September 12, dragged down by bad financial news at Kenexa Corp., which specializes in HR-related on-demand applications. It was the fourth consecutive week that our index, which tracks software as a service (SaaS) stocks, declined. Here’s what’s going wrong — and right — with SaaS stocks.
Why Are SaaS Stocks Climbing Higher?
Posted August 10th, 2008 by Joe Panettieri
As I mentioned August 8, software as a service (SaaS) stocks have been moving higher lately. In fact, MSPmentor’s SaaS 20 Stock Index has climbed four consecutive weeks.
SaaS 20 Stock Index Rises 3.30% for Week Ended August 1
Posted August 1st, 2008 by Joe Panettieri
Led by Salary.com, the SaaS 20 Stock Index, which tracks the software as a service market, has posted one of its strongest showings this year. The index rose 3.30% for the week ended August 1 — easily beating one-week performances for the Dow (down 0.5%) and the S&P 500 (up .02%).
