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
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.
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 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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