SaaS and Cloud Stocks: Up 8% So Far In 2010
The VAR Guy has applied some polish to the SaaS 20 Stock Index, which tracks trends across SaaS and cloud computing stocks. From January 2010 through the end of July 2010, the SaaS 20 Stock Index has risen nearly 8 percent, despite a 1 percent drop for the week ending July 30, 2010. Plus, some new companies are in the index. Here’s a look at the latest SaaS 20 Stock Index winners, losers and cloud computing updates.
For July 30, 2010, the index‘s biggest one-week winners were:
- Vocus Inc. (VOCS), up 7.81 percent: The company’s sales are rising but so are losses, according to financial results announced July 23.
- Savvis (SVVS), up 6.91 percent: The company’s shares rose after Savvis Q2 sales topped analysts expectations.
- Terremark Worldwide (TMRK), up 6.52 percent: The company is expected to announce quarterly results on Aug. 4.
For July 30, 2010, the index‘s biggest one-week losers were:
- SuccessFactors (SFSF), down 10.92%: The company’s Q2 loss widened, hurt by stock options and higher operating expenses.
- ConstantContact (CTCT), down 9.82%: The company reported 37 percent revenue growth for its quarter ended June 30, 2010. But apparently, investors were hoping for even better performance.
- Taleo (TLEO), down 6.96%: The company’s CFO is leaving amid a $1.4 million quarterly loss — though quarterly revenue rose to $56.3 million, up form $49.1 million in the corresponding quarter last year.
For January 2010 through July 30, 2010, the index‘s biggest winners were:
- VMware (VMW), up 82.94%
- NaviSite (NAVI), up 43%
- SalesForce.com (CRM), up 34.13%
- Intuit (INTU), up 29.35%
For January 2010 through July 30, 2010, the Index‘s biggest losers were:
- Google Inc. (GOOG), down 21.80%
- Equinix (EQIX), down 11.91%
- Rackspace Hosting (RAX), down 10.31%
- Vocus Inc. (VOCS), down 9.50%
The VAR Guy also made some adjustments to the SaaS 20 Stock Index today. Among the updates:
- Companies removed from the SaaS 20 Stock Index include Dell, EMC, Ingram Micro, Salary.com and Websense. Most of the dropped companies have limited SaaS efforts, or SaaS and cloud computing don’t yet dominate their businesses.
- Companies added to the SaaS 20 Stock Index include Equinix, NaviSite, Savvis, Terremark Worldwide and VMware. Generally speaking, the companies added have well-known cloud or managed services efforts, plus VMware virtualization is a foundation for many SaaS and cloud platforms.
That’s all for this week. The VAR Guy will be back on Aug. 6 with more SaaS 20 Stock Index weekly analysis.