A long, thoughtful analysis of the business prospects for cloud companies was just published at Seeking Alpha. The author, Sunit Gogia, is a senior analyst with Morningstar and he looks at how the technology shift will affect the current large IT companies before settling into some predictions about today’s opportunities for investors. His best advice: [Read More →]
Subscribe to the RSS feed
Salesforce gives cloud strategy credit for strong Q4
February 25 — GusSalesforce grew revenue by 22 percent and earnings by 45 percent in the fourth quarter and the company is crediting its focus on a cloud computing agenda as the main reason. “While most software companies went backward last year, Salesforce.com went forward in a dramatic way,” said Salesforce CEO Marc Benioff, while raising his forecast [Read More →]
Cloud hosting revenue more than doubled in 2009 for Rackspace
February 17 — GusTo the early leader goes the spoils. Rackspace Hosting (NYSE: RAX) is reporting very healthy results for 2009. Net revenue was up by 18 percent for the year (to $169.5 million) and net income was up 32 percent for the year (to $9 million). But cloud computing revenue grew by 124 percent to $56 million [Read More →]
Terremark reports strong gains in revenue and bookings
February 9 — GusThe move toward a cloud platform appears to be paying off for Terremark (Nasdaq: TMRK) a 28-year-old managed service provider. Financial results show a 13 percent year-over-year increase for the quarter ending Dec. 31. Perhaps more promising is the growth in the number of customers and bookings. Cloud computing services grew at 30 percent and [Read More →]
Worth fearing: the next big wave in IT
January 28 — GusThe Wall Street Journal posed a time-honored question to EMC’s chief executive Joe Tucci yesterday. “What keeps you up at night?” EMC holds controlling shares in a number of major technology companies, including VMware and RSA Security, and it has just reported 2009 income was up 58 percent. “What keeps you up all night is [Read More →]
Equity research coverage initiated on 4 companies; 2 buy ratings, 2 neutral
January 27 — GusRackspace (NYSE: RAX) and Terremark (Nasdaq: TMRK) were rewarded with Buy Ratings in a new report that was issued on cloud computing equities. Merriman Curhan Ford is a financial services firm that provides equity research on sectors that it believes represent the potential for high growth. Until its new cloud computing coverage was initiated, it [Read More →]
VMware’s Maritz, in posting solid growth, affirms clouds are the next wave of IT
January 26 — GusA year ago, its customers were uncertain about what they would be doing. But recovery set in as the year came to a close. And now, Paul Maritz, CEO of VMware closed out 2009′s financial results by telling investors that in the last quarter, he was able to get a clear vision for what his [Read More →]
New page on cloud computing stocks
January 15 — GusIn recent months, a number of technology companies have seen their share prices rise on positive news about cloud computing initiatives. To keep up, I’ve compiled a list of publicly traded companies with a significant cloud business. I’m not going to include every company that has made a cloud announcement. If their new initiatives turn [Read More →]
Six cloud computing stocks to watch. Maybe seven?
November 17 — GusEd Moltzen is not a professional stock picker. He is a technology analyst, blogger and manager of product testing for Computer Reseller News (published by United Business Media). So if he picks a basket of cloud computing stocks, you can expect that the companies are strong technically. For financial fundamentals, you’ll need to do your [Read More →]
Rackspace CEO says cloud computing is a game changer
November 16 — GusRackspace has been an especially hot company on Wall Street. In 2009, the stock is up over 200 percent. And when Rackspace revealed its quarterly financial results, it is clear why: while other companies have struggled to grow revenue, Rackspace grew its topline at an enviable 17 percent year-over-year. The company’s CEO is giving cloud [Read More →]