Cloud Computing, Cloud Services Stocks Up 28% Since January
Cloud Computing and cloud services stocks closed April 2012 on a high note, and our Talkin’ Cloud Stocks Index is up roughly 28 percent since January 1, 2012. The most recent weekly winners included SolarWinds (NYSE: SWI), Amazon.com (NASDAQ: AMZN), Equinix (NASDAQ: EQIX) and Citrix Systems (NASDAQ: CTSX).
For the week ending April 27, 2o12, cloud computing and cloud services stocks rose 3.21 percent, though many of our Talkin’ Cloud Stock Index members saw small declines on the final day of trading this month (April 2012). And in broader markets, there are concerns about the U.S. economy potentially slowing.
Still, cloud computing stocks have showed strength. Winners for the week ending April 27 included:
- SolarWinds (SWI, up about 22 percent last week): The company, which makes IT management software for data centers and service providers, on April 26 said Q1 revenues hit $59.7 million, up 39% from the same quarter last year.
- Amazon (AMZ, up about 19 percent last week): The company said Q1 revenues jumped 34 percent to $13.18 billion. Much of the momentum involved purchases from the Kindle Store.
- Equinix (EQIX, up about 11 percent last week): The company, which offers global data center services, said Q1 revenues rose 25 percent to $452 million and the company increased its full-year revenue guidance to Wall Street.
- Citrix Systems (CTXS, up about 1o percent last week): The company said Q1 revenue was $589 million, up 20 percent from last year. Citrix is hosting a major conference next week, called Synergy, that Talkin’ Cloud will be watching closely.
We update the Talkin’ Cloud Stocks Index each Friday after U.S. markets close. We don’t make buy, sell or hold recommendations. Rather, the Talkin’ Cloud Stocks Index pinpoints trends in the cloud computing and cloud services markets, especially when it comes to sales and revenue growth.