Cloud Stocks Dip 2.5 Percent, Santa Nowhere to be Found

wall street

In the meanwhile, let’s go over our standard warning before we take a look at some winners and losers: We only maintain the Talkin’ Cloud Stocks Index to match cloud hype against real-world financial performance. We don’t offer specific financial advice, and whether you buy, sell or hold is up to you and you alone.

The week’s big winner was Equinix (EQIX), which saw a 3.68 percent boost in its share price to $102.55 on the news that its cloud platform data centers had achieved the environmentally focused ISO 50001 and ISO 14001 certifications. Close behind was Vocus (VOCS), which rose 3.63 percent on the news that the cloud PR solution developer had partnered with PRWeb for a joint entry into the French market.

When the big winner rose less than 4 percent, you know it was a rough week. Just look at cloud storage specialist Carbonite (CARB), which was the biggest loser of the week with a huge 13.76 dip to $11.16 per share. And why? Because analysts said they saw Carbonite shares dipping lower. That’s the magic of the stock market.

Red Hat (RHT) had a similarly, and unsurprisingly, bad week on the market after its lackluster earnings caused a 12.70 percent drop to $41.59 per share. And on that same note, while I stand by my belief that Oracle’s weak earnings are a strong indicator of the shift toward cloud computing, sister company NetSuite (N) was dragged down by them to the tune of 9.33 percent, or $41.02 per share.

Our next Talkin’ Cloud Stocks Index, coming January 3rd, 2012, will have the data on the final week of 2011, so make sure to come back for some last insight before we dive into the new year.