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.
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 Continue Winning Streak
Posted April 11th, 2009 by Joe Panettieri
After a depressing 2008, software as a service stocks continue to rally in 2009. The latest example: Our SaaS 20 Stock Index rose 3.45 percent for the week ending April 10, and the index is up 8.68 percent since the start of 2009. Here’s a quick look at the SaaS industry’s year-to-date winners and losers.
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.
SaaS Stocks Limp Toward 2009
Posted December 28th, 2008 by Joe Panettieri
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: 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?
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.
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.
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