Cloud Computing and Cloud Services Stocks Rise Sharply

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The 20 SaaS and cloud services providers we track on the Talkin’ Cloud Stocks Index are showing upward momentum so far in 2012. In fact, with a 3.84 percent boost for the week ending January 20th, 2012 – despite index member Google missing the earnings mark in its recently announced Q4 results.

Before we take a closer look at some winners and losers, let’s go over our standard disclaimers. We maintain the Talkin’ Cloud Stocks Index to analyze cloud hype against real-world performance. We don’t offer specific financial advice, and it’s entirely your call whether to buy, sell or hold. But if you do strike it rich on the markets thanks to the insight provided by these weekly stock reports, TalkinCloud’s staff wouldn’t say no to a weekend in the tropics.

The biggest winner last week was Salesforce.com (CRM), which rose 9.9 percent to $114.19/share. Apparently, a strongly positive market reaction to numerous financial announcements — from IBM and more — lifted many cloud computing stocks. Other beneficiaries include Red Hat (RHT), which was up 8.98 percent to $46.24/share, Concur Technologies (CNQR), up 7.22 percent to $53.92/share, and SolarWinds (SWI), up 7.12 percent to $30.56/share.

Of the losers, the only really notable one is Google (GOOG), which fell 6.24 percent to $585.99 per share after its fourth quarter earnings report fell short of  some analyst expectations. It’s still the single priciest stock we track on the index, but that’s a pretty major backslide for a company that’s been fairly consistent in its momentum of late.

Well, despite Google’s slip-up, it’s good to see a solid win for the Talkin’ Cloud Stocks Index. Hopefully this is the start of something big. Make sure to come back this time next week for our next regular update on the Talkin’ Cloud Stocks Index.