Terremark Worldwide, which recently joined The VAR Guy’s SaaS 20 Stock Index, says its colocation and cloud-related revenues continue to grow. For the company’s fiscal Q1 ended June 30, federal bookings also grew — which is impressive considering the federal budget deficit has cast some doubt on government IT spending. Here’s a closer look at Terremark’s latest financial results.
CompTIA Breakaway: Where Cloud Meets Managed Services?
Posted August 2nd, 2010 by Joe Panettieri
Plenty of MSPmentor readers are heading to CompTIA Breakaway (Aug. 9-12, San Antonio). No doubt, the conference will stir plenty of cloud channel chatter. I wonder: How many VARs and MSPs attending Breakaway generate some revenues from cloud and SaaS applications right now? Also, how will the worlds of managed services and cloud computing converge? Here are some clues.
Cloud and SaaS Stocks: Reality Check
Posted July 31st, 2010 by Joe Panettieri
Do investors believe in all the cloud computing hype? The answer to that question depends on which metrics you’re using. Take a look at the SaaS 20 Stock Index, and you’ll see some rather interesting SaaS and cloud stock trends since the index launched in January 2008. Here’s the update.
SaaS Stocks Up 53 Percent So Far In 2009
Posted November 29th, 2009 by Joe Panettieri
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.
SaaS and Cloud Stocks Up Nearly 50% In 2009
Posted September 26th, 2009 by Joe Panettieri
MSPmentor’s SaaS 20 Stock Index, which tracks software as a service and cloud computing stocks, is up a whopping 47 percent so far in 2009, with three index members — Taleo Corp. (TLEO), SuccessFactors Inc. (SFSF) and Omniture Inc. (OMTR) — rising more than 100 percent so far this year. Here’s a closer look at the SaaS 20 Stock Index, and some changes we’ll be making to the index.
Strong Quarterly Earnings Lift SaaS Stocks
Posted May 3rd, 2009 by Joe Panettieri
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 Slip 2.19% for Week Ending April 24
Posted April 25th, 2009 by Joe Panettieri
After a two-month hot streak, software as a service stocks cooled off for the week ending April 24. Our SaaS 20 Stock Index slipped 2.19 percent for the one-week period. Amazon.com and Salary.com were the index’s biggest weekly winners; Omniture and RightNow Technologies were the biggest weekly losers. Here’s what went wrong — and right — for SaaS during the week.
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.
Software as a Service Stocks Down 5% In 2009
Posted January 25th, 2009 by Joe Panettieri
Our SaaS 20 stock index, which tracks software as a service stocks, is now down more than 5 percent in 2009, having slipped a nominal 1.22 percent for the week ended January 23. Here’s a look at the weekly SaaS winners and losers.
SaaS Stocks Down Nearly 4 Percent In 2009
Posted January 19th, 2009 by Joe Panettieri
So far, the New Year hasn’t been a happy one for software as a service stocks. Our SaaS 20 Stock Index fell 3.16 percent for the week ended January 16, and the index is now down 3.92 percent since the New Year. While MSPmentor remains upbeat about SaaS opportunities for managed service providers, investors remain cautious.
Weekly Poll: SaaS Stock Predictions for 2009
Posted January 5th, 2009 by Joe Panettieri
Our SaaS 20 Stock Index fell more than 40 percent during 2008. Will we see software as a service stocks rebound in 2009? I’m betting yes, but if you saw my track record on Wall Street you’d realize I am not a professional stock picker.
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.
NetSuite: Bad News, Good News for Software as a Service
Posted November 4th, 2008 by Joe Panettieri
NetSuite, one of the software as a service (SaaS) industry’s key players, remains stuck in a financial paradox: Even as the company’s revenues rise dramatically, NetSuite’s stock remains depressed. What does that say about the SaaS market as a whole?
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%).
