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.
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Software as a Service Stocks Fall 11.86% for Week Ended Nov. 21
Posted November 22nd, 2008 by Joe Panettieri
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: 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.
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.
