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Talkin' Cloud Stock Index: Back in Black

Matthew Weinberger

June 27, 2011

2 Min Read
Talkin' Cloud Stock Index: Back in Black

The Talkin’ Cloud Stock Index is finally back in the black for the week ending June 24, 2011, after a solid four-week losing streak. The 20 SaaS and cloud providers that make up the index showed a 3.49 percent week-over-week boost, bringing us to a positive 9.39 percent gain since Jan. 1, 2011. It’s not enough to completely allay fears that the cloud bubble is starting to deflate. But it’s a strong start.

As always, let’s take a moment to go over our standard disclaimers before we jump into our weekly look at winners and losers: Talkin’ Cloud doesn’t offer specific financial advice, and whether you buy, sell, or hold is up to you and you alone. We only maintain the index to match cloud hype against real world financial performance.

Four Winners

One Loser

  • It’s a good sign when there’s only one loser worth mentioning: Employee management software specialist Kenexa (KNXA) fell 6.39 percent to $23.28 per share — for no apparent reason. It appears that Kenexa stock prices peaked around the middle of the week before taking a sharp downward turn on Friday. Are short sellers to blame?

The question raised by these results is essentially the same we ask every time there’s a gain in the Talkin’ Cloud Stock Index: Is this an aberration in a general downward turn? Or will cloud momentum keep growing from here? Keep watching Talkin’ Cloud to find out.

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