Saturday, December 25, 2010
Stocks with Clouded Futures: AKAM, CRM, VMW, RHT, LLNW
The cloud stocks have all been on a tear since the beginning of the year. Last week Linux provider Red Hat (NYSE: RHT) reported results that were simply in line with analyst estimates. The stock was down 0.41% last trading day. There's no telling how these stocks will end for the year as they have run up so much. However with the speed and amount of growth that they pack, each cloud stock could be poised for another strong year. Last trading day Salesforce.com (NYSE: CRM) was almost flat, down 0.07%, VMWare (NYSE: VMW) rose 0.64%, Akamai (NASDAQ: AKAM) fell 1.41%, and Limelight Networks (NASDAQ: LLNW) dropped 0.17%. These stocks are all starting to level out which could mean that investors are getting ready to buy these fast growers again.
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