Here’s Why Cloud Computing Stocks Dumped

November 20, 2011 Off By David
Grazed from Wall Street Cheat Sheet.  Author: Editorial Staff.

Cloud software momo stock Salesforce.com (NYSE:CRM) dropped over 10% after investors reviewed quarterly earnings. The news had a negative impact on the high flying cloud computing sector. Here are some key stocks investors sold:

Constant Contact, Inc. (NASDAQ:CTCT): CTCT shares recently traded at $21.45, down $1.43, or 6.25%. They have traded in a 52-week range of $14.46 to $36.33. About the company: Constant Contact, Inc. provides web-based e-mail marketing tools and services to businesses, associations, and organizations to help them connect with their customers and members…

NetSuite Inc. (NYSE:N): N shares recently traded at $40.04, down $1.55, or 3.73%. They have traded in a 52-week range of $24.00 to $44.53. About the company: NetSuite Inc. provides relationship management software solutions . The Company offers a comprehensive suite of enterprise resource planning, or ERP, customer relationship management, or CRM, and e-commerce solutions.

SuccessFactors, Inc. (NASDAQ:SFSF): SFSF shares recently traded at $,. They have traded in a 52-week range of $ to $. About the company: SuccessFactors, Inc. provides on-demand performance and employee software solutions to help organizations optimize their performance.

Taleo Corp. (NASDAQ:TLEO): TLEO shares recently traded at $32.45, down $0.82, or 2.46%. They have traded in a 52-week range of $21.44 to $38.28. About the company: Taleo Corporation is a provider of enterprise staffing management solutions that enable large organizations to establish, automate and manage worldwide staffing processes for professional, hourly and temporary staff.
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