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.
SaaS and Cloud Stocks Up Nearly 50% In 2009
Posted September 26th, 2009 by Joe Panettieri
MSPmentor’s SaaS 20 Stock Index, which tracks software as a service and cloud computing stocks, is up a whopping 47 percent so far in 2009, with three index members — Taleo Corp. (TLEO), SuccessFactors Inc. (SFSF) and Omniture Inc. (OMTR) — rising more than 100 percent so far this year. Here’s a closer look at the SaaS 20 Stock Index, and some changes we’ll be making to the index.
SaaS Stocks Up Nearly 30% In First Half 2009
Posted July 3rd, 2009 by Joe Panettieri
The worst of times have turned into the best of times for software as a service (SaaS) stocks. After a horrid performance in 2008, SaaS stocks rallied nearly 30 percent during the first half of 2009, according to Nine Lives Media Inc.’s SaaS 20 Stock Index. Here’s a look at the SaaS leaders to date…
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.
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.
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 3.30% for Week Ended August 1
Posted August 1st, 2008 by Joe Panettieri
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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