Kenexa Drags Down Software as a Service Stocks

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.

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Software as a Service Stocks Fall 3.41% for Week Ended Sept. 5

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.

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Salesforce.com (CRM) Raises SaaS Growth Concerns; Drags Down SaaS 20 Stock Index

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.

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SaaS 20 Stock Index Rises 3.30% for Week Ended August 1

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%).

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RightNow’s Earnings: Good News for SaaS?

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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SaaS Reality Check: RightNow Earnings Today

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.

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