https://www.channelfutures.com/wp-content/themes/channelfutures_child/assets/images/logo/footer-new-logo.png
  • Home
  • Technologies
    • Back
    • Analytics
    • Artificial Intelligence
    • Cloud
    • Data Centers
    • Desktop
    • IoT
    • Mobility
    • Networking
    • Open Source
    • RMM/PSA
    • Security
    • Virtualization
    • Voice/Connectivity
  • Strategy
    • Back
    • Best Practices
    • Business Models
    • Channel 101
    • Channel Programs
    • Channel Research
    • Digital Transformation
    • Diversity & Inclusion
    • Leadership
    • Mergers and Acquisitions
    • Sales & Marketing
    • Specialty Practices
  • MSSP Insider
    • Back
    • Business of Security
    • Cloud and Edge
    • Endpoint
    • Network
    • People and Careers
    • Training and Policies
  • MSP 501
    • Back
    • 2021 MSP 501 Application
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Our Sponsors
    • From the Industry
    • Content Resources
    • COVID-19 Partner Help
    • Galleries
    • Podcasts
    • Reports
    • Videos
    • Webinars
    • White Papers
  • EMEA
  • Awards
    • Back
    • Excellence in Digital Services
    • 2021 MSP 501
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Partners Evolution
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
  • Channel Mentor
    • Back
    • Channel Market Intelligence
    • Channel Educational Series
Channel Futures
  • NEWSLETTER
  • Home
  • Technologies
    • Back
    • Analytics
    • Artificial Intelligence
    • Cloud
    • Data Centers
    • Desktop
    • IoT
    • Mobility
    • Networking
    • Open Source
    • RMM/PSA
    • Security
    • Virtualization
    • Voice/Connectivity
  • Strategy
    • Back
    • Best Practices
    • Business Models
    • Channel 101
    • Channel Programs
    • Channel Research
    • Digital Transformation
    • Diversity & Inclusion
    • Leadership
    • Mergers and Acquisitions
    • Sales & Marketing
    • Specialty Practices
  • MSSP Insider
    • Back
    • Business of Security
    • Cloud and Edge
    • Endpoint
    • Network
    • People and Careers
    • Training and Policies
  • MSP 501
    • Back
    • 2021 MSP 501 Application
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Our Sponsors
    • From the Industry
    • Content Resources
    • COVID-19 Partner Help
    • Galleries
    • Podcasts
    • Reports
    • Videos
    • Webinars
    • White Papers
  • EMEA
  • Awards
    • Back
    • Excellence in Digital Services
    • 2021 MSP 501
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Partners Evolution
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
  • Channel Mentor
    • Back
    • Channel Market Intelligence
    • Channel Educational Series
    • Newsletter
  • REGISTER
  • MSPs
  • VARs / SIs
  • Digital Service Providers
  • Cloud Service Providers
  • CHANNEL PARTNERS ONLINE
 Channel Futures

Cloud


Talkin’ Cloud Stock Index Picks It Up Less Than A Percent

  • Written by Matthew Weinberger 1
  • March 7, 2011

The Talkin’ Cloud Stock Index made like a late 90’s ska band this week and picked it up after a short stall-out period, even if it was ever-so-slightly. The 20 cloud and SaaS providers that make up the index showed an overall 0.39% gain for the week ending March 4, 2011, bringing us to year-to-date increase of 13.05%. Solid one-week gains by companies like Rightnow and Kenexa Corp. were offset by usually more reliable companies like Salesforce.com and NetSuite posting almost equivalent declines.

Before we get too deep in specifics, our standard reminder: the Talkin’ Cloud Stock Index is designed to match cloud hype against real-world financial performance. We don’t offer any specific financial advice, and whether you buy, sell, or hold is your call and yours alone.

Three Weekly Winners

  • SaaS CRM provider Rightnow Technologies Inc. (RNOW) showed a solid 7.64% boost to $29.15 a share, with the price last week peaking at a new 52-week high of $29.58. What’s really, odd, though, is that there seems to be no inciting factor behind their solid gain apart from a little bit of analyst hype. Are investors latching onto cloud-based CRM?
  • Similarly, HR cloud solution provider Kenexa Corp. (KNXA) rode analyst ratings of its own to a price of $24.55 per share – a 4.44% gain for the week.
  • Talent management specialist Taleo (TLEO) wins the final spot in the winner’s circle this week with a 3.41% lift to $33.38 on the heels of the publication of a company-sponsored, widely-circulated survey that showed employee training is more important than recruitment in 2011.

…And The Weekly Losers

  • Interestingly, Salesforce.com (CRM) posted a loss of 6.38%, bringing shares down to $129.97, despite analysts giving them more than their fair share of lip service. Apparently, Microsoft very quietly won its lawsuit against Salesforce.com around the appointment of Matt Miszewski — though it’s unclear if the news directly impacted Salesforce.com shares.
  • As NetSuite (N) saw shares dip 3.91% to $29.49, NetSuite COO James Mcgeever sold off 14,000 shares in the company. It’s a common move for high-tech executives to diversify their holdings.
  • Back in lawsuit land, Equinix (EQIX) faces the very serious charge from investors that in the last half of 2010, the data center service provider issued false and misleading statements in violation of the Securities Exchange Act. So far, it’s only cost them 3.62% of their stock price, bringing them to $84.32 per share. But if they lose the lawsuit, Talkin’ Cloud thinks we could see that price take an even sharper drive.

There are no simple trends to track in this week’s Talkin’ Cloud Stock Index. For the last several weeks, any gains or losses have been slight. We’ll update the index again and offer more perspectives after U.S. markets close on Friday, March 11.

Follow Talkin’ Cloud via RSS, Facebook and Twitter. Sign up for Talkin’ Cloud’s Weekly Newsletter, Webcasts and Resource Center. Read our editorial disclosures here.

Tags: Cloud Service Providers Digital Service Providers MSPs VARs/SIs Cloud

Related


  • Select a Hire
    AvePoint Taps Ingram Micro, Palo Alto Networks Vet to Lead Channel
    He held channel exec roles at Ingram and Palo Alto Networks
  • Word conclusion on paper
    Microsoft Conclusion on SolarWinds Hack 'Conflicts' with Other Messages
    A concerning aspect of this attack is that security companies were a clear target.
  • Hybrid clouds
    IBM, Oracle, Dell, VMware Put Hybrid Cloud Center Stage
    We highlight platforms and initiatives each company has so far unveiled in February.
  • New challenges and opportunities_many path options
    The Top IT Challenges Executives Will Face in 2021
    Obstacles include bridging the IT skills gap, managing remote workers and managing migration to the cloud.

Leave a comment Cancel reply

-or-

Log in with your Channel Futures account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related Content

  • 2021 Channel Influencer Awards
  • Palo Alto Networks Unveils Bridgecrew Acquisition, Prisma Access 2.0
  • Everything Is Connected, So Why Is It All Still Dumb?
  • Why Cloud Storage Protection Is a Top Opportunity for MSPs

Galleries

View all

Channel Partners Virtual 2021 Is the Hottest Ticket in Town

February 26, 2021

Industry Perspectives

View all

The “Roaring 20s” Are Coming

February 25, 2021

Three Ways MSPs Can Improve Supply Chain Security

February 24, 2021

SASE: The Key to Mitigating Business Transformation Risk

February 22, 2021

Webinars

View all

A Partner’s Perspective on Channel Success in 2021

March 23, 2021

XDR and Why it Matters to MSPs

March 24, 2021

Top Security Trends Impacting Technology Security Providers In 2021

March 25, 2021

White Papers

View all

Ready To Add Cutting Edge IoT Solutions To Your Portfolio?

  • 1
February 25, 2021

What Is The Value Of Distribution For The Internet Of Things?

February 25, 2021

The Internet of Things (IoT): Where do You Begin?

  • 1
February 25, 2021

Upcoming Events

View all

Channel Partners Virtual

March 2, 2021 - March 4, 2021

Channel Partners Conference & Expo

November 1, 2021 - November 4, 2021

Videos and Fastchats

View all

FASTCHAT: How SOAR Eliminates Security Challenges and Elevates Service Provider Revenues

January 6, 2021

Happy Holidays from Channel Partners & Channel Futures!

December 21, 2020

FASTCHAT: How Old, Unpatched Technologies Are Creating New Security Threats for MSPs and Their Customers

December 3, 2020

Twitter

ChannelFutures

#CPVirtual has arrived! Excited for speakers @channelsmart @jldelozier3 @jmcbain and more. dlvr.it/Rtm5yr https://t.co/MiwNsfGGLw

March 1, 2021
ChannelFutures

.@solarwinds incurring additional expenses in aftermath of massive hack. #cybersecurity dlvr.it/Rtlxzd https://t.co/CpBjkIEaus

March 1, 2021
ChannelFutures

.@IBM working with 65 partners for #CloudSatellite services. @IBMPartners dlvr.it/RtlmDC https://t.co/R6IzgklQ6c

March 1, 2021
ChannelFutures

NOW OPEN: 2021 Channel Futures MSP 501 Awards. ✍️ Start your online application today: bit.ly/2021MSP501. Ha… twitter.com/i/web/status/1…

March 1, 2021
ChannelFutures

Applying for the 2021 #MSP501? Check out our FAQs for everything you EVER wanted to know about applying & submittin… twitter.com/i/web/status/1…

March 1, 2021
ChannelFutures

Educate #WFH employees about #phishing and increase emphasis on cybersecurity to avoid a data breach, say @GiacomCM… twitter.com/i/web/status/1…

March 1, 2021
ChannelFutures

Amazon WorkSpaces @awscloud DaaS client will be available on @IGEL_Technology virtual endpoint client OS.… twitter.com/i/web/status/1…

February 26, 2021
ChannelFutures

.@VMware cutting more workers in California as part of ongoing #workforcerebalancing. #layoffs… twitter.com/i/web/status/1…

February 26, 2021

MSSP Insider

Newsletters and Updates

Sign up for The Channel Report, Channel Futures Update, MSP 501 Newsletter and more.

Live Channel Events

Get the latest information on the next industry-leading Channel Partners event.

Channel Partners Online

Want more? Find more channel news and analysis on our sister site, Channel Partners.

Media Kit And Advertising

Want to reach our audience? Access our media kit

DISCOVER MORE FROM INFORMA TECH

  • Channel Partners Online
  • Channel Partners Events
  • MSP 501
  • MSSP Insider
  • IoT World Today
  • Webhostingtalk

WORKING WITH US

  • Contact
  • About us
  • Advertise
  • Newsletter

FOLLOW Channel Futures ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookie Policy
  • Terms
Copyright © 2021 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X