The five highest performing cloud computing stocks year-to-date in the Cloud Computing Index are Qualys (NASDAQ:QYLS), Fusion-IO (NYSE: FIO), Juniper Networks (NYSE:JNPR) F5 Networks (NASDAQ: FFIV) and Salesforce (NYSE:CRM). A $10K investment in Qualys on January 2nd of this year is worth $12,508 and $10K invested in F5 Networks is worth $12,040 as of market close yesterday. IBM, Microsoft, Oracle and SAP share prices are included for comparison.
Salesforce, up 9.68% year-to-date, has upside potential if it can successfully transition its partners and developers onto the Salesforce1 platform. Market research firm International Data Corporation (IDC) is predicting mobile application sales will attain a 39% compound annual growth rate from 2013 and 2017, accelerating the market to a $438B valuation in the forecast period. While SAP has the largest market share in mobile application development today, Salesforce’s ability to get new mobile applications developed and existing ones ported over to the Salesforce1 platform could redefine CRM from a mobility standpoint in 2014.
The following graphic compares how $10,000 invested on January 2nd of this year in the highest performing cloud computing stocks, in addition to IBM, Microsoft, Oracle and SAP are valued today.
Please see the full Cloud Computing Index for market caps, average volumes, 52-week high and low share prices, Earnings per Share, Price/Earnings Ratio, and Beta. I am using the Google Finance Portfolio option to track the performance of these stocks. For information on how this index was created, see the description at the end of this post. I do not hold equity positions or work for any of the companies mentioned in this blog post or included in the Cloud Computing Index and this post is not meant to provide investment advice. It is simply a glimpse into the performance of these company’s stock prices over time. You can download a copy of the Cloud Computing Index here.
Best Performing Cloud Computing Stocks, January 27 to January 31, 2014
Worst Performing Cloud Computing Stocks, January 27 to January 31, 2014
Best Performing Cloud Computing Stocks In 2014
Worst Performing Cloud Computing Stocks In 2014
Comparing Cumulative Stock Performance Performance of the Cloud Computing Index over the last year is compared to NetSuite, Salesforce, IBM, Oracle and SAP is below. This index has been up 19.87% over the last year, with NetSuite (NYSE:N) up 52.13%, Salesforce (NYSE:CRM) up 38.32%, IBM (NYSE:IBM) down 13.89%, Oracle (NYSE:ORCL) up 1.92% and SAP (NYSE:SAP) down 8.56%.
Specifics on the Cloud Computing Stock Index I used The Cloud Times 100 as the basis of the index, selecting twenty companies all of which are publically traded. The latest edition of the Cloud Computing 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