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.

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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.

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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.

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Why Are SaaS Stocks Climbing Higher?

SaaS Stocks Climbing HigherAs 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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