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Google Results Kick Talkin' Cloud Stock Index Into Overdrive
Matthew Weinberger
October 17, 2011
2 Min Read
Google may not have been the top dog by percentages on the Talkin’ Cloud Stocks Index for the week ending Oct. 14, 2011, but the search giant’s big Q3 2011 financial gains definitely stole the spotlight during a week when not a single one of the 20 publicly held SaaS and cloud providers we monitor posted a loss. That impressive accomplishment led the Talkin’ Cloud Stocks Index to a solid overall positive 10.78 percent gain for the week, putting us at a positive 8.72 percent for the year to date.
Before we take a closer look at the weekly winners, here’s our standard warning: We don’t offer specific financial advice, and whether you buy, sell or hold is up to you and you alone. We only maintain the Talkin’ Cloud Stocks Index to match real-world performance against cloud hype.
Three Winners
As I noted above, Google had an impressive showing this week, but the crown goes to employee management cloud solution vendor Kenexa (KNXA), which spiked a full 32.15 percent to $21.25 per share after releasing a Q3 earnings statement that raised its 2011 guidance beyond the expected $72 to $74 million mark.
In second place was Vocus (VOCS), which rose 15.10 percent to $19.90 per share, apparently amid optimism about its own third-quarter results call on Oct. 25. The cloud-based PR provider hasn’t had an easy year thus far, but this could be the first sign of a turnaround.
And finally, Google (GOOG) slid into third with a 14.86 percent boost to $591.68 per share, thanks to those more-than-adequate third-quarter results. This result only solidifies Google’s position as the highest-by-dollar-value member of the index — next up is Amazon (AMZN), which had its own 9.78 percent rise to $246.71 per share.
I have to say that I’m almost feeling optimistic: after a year that’s been all up and down, the Talkin’ Cloud Stocks Index is starting to build back some positive momentum. We’ll be watching closely for more, so come back in a week for the next update.
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