MSPmentor

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. Read More >

Software as a Service stocks, like the broader US markets, continue to struggle. MSPmentor’s SaaS 20 Stock Index fell 3.41% for the week ended September 5 — marking the third consecutive week that the index has declined.

But there’s a bigger cause for concern as we head into the business week. The US federal government today (Sept. 7) took control of Fannie Mae and Freddie Mac, the two big mortgage lenders.

Here’s why we should all be a little worried.

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Salesforce.com (CRM) delivered good news — and bad news — in its latest quarterly results, pulling down the SaaS 20 Stock Index 2.86 percent for the week ended August 22. It’s the first time since July 11 that our software as a service index has posted a weekly decline.

None of our 20 index members climbed in a significant way for the week ended August 22. Major weekly decliners included:

• Salesforce.com (CRM, -15.61%)
• RightNow (RNOW, -8.99%)
• Athenahealth Inc. (ATHN, -8.14%)
• Kenexa Corp. (KNXA, -5.43%)
• SuccessFactors Inc. (SFSF, -3.70%)
• Google (GOOG, -3.63%)
• Vocus Inc. (VOCS, -3.22%).

But the real SaaS story on the week was Salesforce.com. Here’s why investors went running for the door.

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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%).

The SaaS 20 Stock Index’s biggest weekly winners were:

• Salary.com (SLRY, +22.73%)
• Websense Inc. (WBSN, +16.20%)
• Concur Technology Inc. (CNQR, +14.45%)
• Taleo Corp. (TLEO, +13.95%) and
• RightNow (RNOW, +12.25%)

Still, the news wasn’t all good. The index’s biggest weekly losers were Omniture Inc. (OMTR, -7.28%) and SuccessFactors Inc. (SFSF, -6.45%). And despite a one-month rally, the index is still down more than 13% so far this year.

Here’s a closer look at some of the weekly trends. Read More >

RightNow, a member of our SaaS 20 Stock Index, has released quarterly results that reveal accelerating software as a service (SaaS) sales. You never know how investors are going to react — especially as oil prices fluctuate by the hour. But RightNow’s optimistic financial outlook could be reassuring to the SaaS industry. Here are some of the financial figures RightNow released July 30.

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RightNow, one of the leading publicly held software as a service (SaaS) companies, is scheduled to announce earnings later today (July 30). We’ll provide some perspective once we see the numbers.

RightNow is one of companies within the our SaaS 20 Stock Index.

Talk about role reversal. A few months ago, RightNow was plummeting and NetSuite was skyrocketing. But the two software as a service (SaaS) companies appear to have traded places. Only a day after RightNow announced financial progress, NetSuite delivered growth projections that disappointed Wall Street.

The bottom line for SaaS — and the people who follow the SaaS industry — is pretty clear.

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RightNow, a CRM (customer relationship management) developer, gave skeptics reasons to believe companies can successfully leap from traditional software to newer software as a service (SaaS) business models.

Although RightNow wasn’t profitable in its most recent quarter, the company’s financial results easily beat Wall Street’s expectations. Here’s the scoop. Read More >