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
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.
SaaS Stocks Up Nearly 30% In First Half 2009
The worst of times have turned into the best of times for software as a service (SaaS) stocks. After a horrid performance in 2008, SaaS stocks rallied nearly 30 percent during the first half of 2009, according to Nine Lives Media Inc.’s SaaS 20 Stock Index. Here’s a look at the SaaS leaders to date…
Strong Quarterly Earnings Lift SaaS Stocks
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 Continue Weekly Winning Streak
The SaaS 20 Stock Index climbed 1.86 percent for the week ending April 17, pushing software as a service stocks to their highest levels since mid October. Here’s a look at the weekly SaaS winners and losers.
SaaS Stocks Fall Nearly 7 Percent In January 2009
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
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.
Software as a Service Stocks Rise Nearly 4 Percent
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
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.
SaaS Stocks Fall 2.13% for Week Ended August 29
Disappointing quarterly results at Dell Inc. dragged down MSPmentor’s SaaS 20 Stock Index for the week ended August 29. The index, which tracks the software as a service industry, fell 2.13% during the week.
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.
Why Are SaaS Stocks Climbing Higher?
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.
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