Software as a service (SaaS) stocks are limping toward the close-of-2008 finish line. Our SaaS 20 Stock Index fell 2.81 percent for the week ending December 26 and the index is down 46.99 percent so far for 2008.
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.
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.
Software as a Service Stocks: Down Nearly 40% In 2008
Posted October 11th, 2008 by Joe Panettieri
The U.S. economic crisis continues to undermine software as a service (SaaS) stocks. MSPmentor’s SaaS 20 Stock Index fell 15.29 percent to close at 606.61 for the week ending October 10. The index is down 39.34 percent since the start of 2008, proving the fast-growing SaaS industry is not immune to the economic crisis.
Software as a Service Stocks: Down Nearly 30% In 2008
Posted October 3rd, 2008 by Joe Panettieri
So much for immunity from the recession. Software as a Service (SaaS) stocks are now down nearly 30 percent in 2008. During the past week alone, MSPmentor’s SaaS 20 Stock Index fell 13.92 percent, closing at 716.13 on Friday, October 3.
Software as a Service Stocks: Painful 2008
Posted September 28th, 2008 by Joe Panettieri
Assuming Congress really does approve a Wall Street bailout in the next few hours, Software as a Service stocks (and other stocks) could get a lift when US markets open on September 29. However, there’s no denying that SaaS stocks have had a miserable year so far.
Software as a Service Stocks Rise Nearly 4 Percent
Posted September 21st, 2008 by Joe Panettieri
While financial stocks were on a roller coaster ride, software as a service (SaaS) stocks delivered a strong showing for the week ended Sept. 19. In fact, MSPmentor’s SaaS 20 Stock Index rose 3.81% on the week. It was the first time the index rose since mid-August.
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.
Salesforce.com (CRM) Raises SaaS Growth Concerns; Drags Down SaaS 20 Stock Index
Posted August 22nd, 2008 by Joe Panettieri
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.
SaaS Stocks Brace for Salesforce.com (CRM) Earnings
Posted August 18th, 2008 by Joe Panettieri
The SaaS 20 Stock Index has climbed for five consecutive weeks, but all eyes are now on Salesforce.com (CRM) — one of our key software as a service index members. Salesforce.com is expected to announce quarterly results on Wednesday, Aug. 20. But Wall Street analysts have divided outlooks on the company.
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 6.98% for Week Ended August 8
Posted August 8th, 2008 by Joe Panettieri
MSPmentor’s SaaS 20 Stock Index rose a record 6.98% for the week ended August 8, marking the fourth consecutive week that the index, which tracks software as a service (SaaS) companies, has climbed.
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%).
RightNow’s Earnings: Good News for SaaS?
Posted July 31st, 2008 by Joe Panettieri
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.
SaaS Reality Check: RightNow Earnings Today
Posted July 30th, 2008 by Joe Panettieri
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.
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 Climbs 3.64% for Week Ended July 18
Posted July 19th, 2008 by Joe Panettieri
Led by Blackboard Inc., Salesforce.com and several other strong showings, the SaaS 20 Stock Index climbed 3.64% for the week ended July 18. The index’s one-week performance slightly beat the Dow (+3.57%) and easily outpaced the Nasdaq (+1.95%).
How to Track SaaS and Managed Services Funding
Posted July 18th, 2008 by Joe Panettieri
As the hype about software as a service (SaaS) and managed services continues, it’s sometimes difficult to keep track of all the startups and young companies that receive venture funding. But I just stumbled across a Web site that may help you track how investors are pumping money into SaaS and MSP start-ups.
Take a look at our 