Twelve of the nineteen companies in the index delivered a positive return in the first three quarters of this year. NetSuite (NYSE:N) leads all companies in the index with an annualized gain as of calendar Q3 of 88.69% and has a dollar value of $16,078 on $10,000 invested on January 2nd of this year. Workday (NYSE:WDAY) attained an annualized gain of 81.49% as of Q3, and has a dollar value of $15,617 on $10,000 invested on January 2nd. Qualys (NASDAQ: QLYS) attained an annualized gain of 49.33% and delivered $13,498 on $10,000 invested from January 2nd to October 2nd of this year. The following table lists the top best performing cloud computing stocks in the index.
Seven of the nineteen companies in the index lost value, with Fusion-IO (NYSE:FIO) experiencing the greatest annualized loss in stock value of -51.03% and $10,000 invested on January 2nd of this year being worth $5,862 as of October 2nd. Rackspace (NYSE:RAX) had an annualized loss of -38.61%, with $10,000 invested on January 2nd being worth $6,943 as of October 2nd. The following table shows the five lowest-performing cloud computing stocks in the index.
The nineteen companies that comprise the Cloud Computing Stock Index attained a 19.41% return from October 3, 2012 to October 2, 2013. In the same period Microsoft gained 13.98%, Oracle, 7.05% and SAP, 4.83%. Please click on the index to expand it for easier viewing.
Specifics on the Cloud Computing Stock Index
I used The Cloud Times 100 as the basis of the index, selecting nineteen companies all of which are publically traded. The latest edition of the Cloud Computing Stock Index is shown here. The filter applied to these companies is that 50% or more of their revenues are generated from cloud-based applications, infrastructure and services. Please click on the index for easier viewing.
Note: I do not hold equity positions or work for any of the companies mentioned in this blog post or included in the Cloud Computing Stock Index.