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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Kenexa Drags Down Software as a Service Stocks
Posted September 14th, 2008 by Joe Panettieri
Software as a Service Stocks Fall 3.41% for Week Ended Sept. 5
Posted September 7th, 2008 by Joe Panettieri
Software as a Service stocks, like the broader US markets, continue to struggle. MSPmentor’s SaaS 20 Stock Index fell 3.41% for the week ended September 5 — marking the third consecutive week that the index has declined.
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