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May 16, 2011
We’re only at May’s halfway point, but the Talkin’ Cloud Stock Index has already experienced a full month’s worth of twists and turns. High-profile cloud outages seemed to barely touch the stock price of the 20 cloud and SaaS companies we track – before those prices dropped significantly. And now, for the week ending May 13, 2011, the Talkin’ Cloud Stock Index rose a solid 1.4 percent, putting it up a net 14.13 percent from the start of the year.
In a nice reversal from previous weeks this year, there was only one loser we want to spotlight this time around. But before we get into all that, here’s our standard warning: TalkinCloud doesn’t offer specific financial advice, and the decision to buy, sell or hold is yours, not ours. We maintain the index to match cloud chatter against real-world financial performance.
This week’s big winner is data center operator and recent Talkin’ Cloud Stock Index inductee CoreSite Realty Corp. (COR), which saw a boost of 6.41 percent to $16.60 per share. It’s unclear what exactly led the way to CoreSite’s growth, but a service delivery agreement with Morphlabs might have something to do with it.
Educational SaaS vendor Blackboard (BBBB) fell a full 3.26 percent to $44.51 after Barron’s issued a report that the company’s stocks were overvalued. A team-up with publisher McGraw-Hill for educational videos picked the company’s price up just a little bit by Friday’s end, but not enough to avoid a net loss for the week.
And that, as they say, is that. A gain is a good thing, no doubt, but it only covers about half of last week’s shortfall. Make sure to come back next week for more updates on the cloud financial progress.
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