March 9, 2012

2 Min Read
Cloud Computing Stocks Up Nearly 20% in 2012 (So Far)

By samdizzy

Cloud Computing Stocks Rise

Cloud computing stocks rose nearly 1 percent for the week ending March 9, 2012 — easily beating the S&P 500, which rose only 0.1 percent on the week. Our Talkin’ Cloud Stocks Index is now up 19.63 percent so far since January 1, 2012.

For the week ending March 9, 2012, the biggest cloud computing stock winners were:

1. Athenahealth (ATHN, up 7.31%): Shares rose without any particular news about the SaaS provider to medical group practices. Athenahealth shares are now trading near a 52-week high.

2. Vocus (VOCS, up 4.73%): Shares at the cloud-based marketing and PR software company rebounded a bit after last week’s steep decline. When Vocus acquired iContact last week investors reacted by bidding down shares. Fast forward to this week and analysts reacted favorably when Vocus announced earnings results on March 5.

3. Constant Contact (CTCT, up 3.58%): Shares in the SaaS-based email marketing firm are up about 50 percent since November, notes SeekingAlpha. Constant Contact’s latest move involves SaveLocal, an online tool that allows small businesses to run effective deals, the company claims.

4. Amazon.com (AMZN, up 2.80%): No big news out of the e-tailer this week, but we’ll be watching to see if Amazon makes any new moves with Ingram Micro during a cloud summit that’s approaching this summer.

Cloud Computing Stocks That Fell

And of course, we also some cloud computing stocks fall for the week. The biggest one-week losers were:

1. Carbonite (CARB, down 7.93%): Shares likely fell for two reasons… The online storage provider pulled its ads of Rush Limbaugh’s talk-radio show, and some investors feared listeners would boycott Limbaugh. Further complicating matters, Carbonite’s Form 10-K report from this week revealed that sales and marketing costs consumed nearly all of Carbonite’s gross profits, according to MarketWatch.

2. Google (GOOG, down 3.59%): Google shares tend to be volatile just because they’re so darn expensive. Despite the one-week decline, Google still owns 66.4 percent of the U.S. web search market. And on the channel front, several Google Apps partners made some very big strategic moves this week.

That’s a wrap for this week. Check back each Friday after U.S. markets close to see the latest Talkin’ Cloud Stocks Index update. We’re not here to make cloud computing buy, sell or hold recommendations. Instead, we’re here to track the overall health of the cloud services market.

 

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