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.
