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Business Software - NetSuite's Stock Does Well Around Thanksgiving Week

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NetSuite's Stock Does Well Around Thanksgiving Week

November 30, 2010
By David Sims, TMCnet Contributing Editor
 

This past week there was some good news for NetSuite’s (News - Alert) stock.


According to a report published by SmarTrend on November 24, NetSuite was “one of today's notable stocks on the rise, up 4.7 percent to $26.28. The S&P was trading 1.2 percent higher to 1,195 when that was published, and the Dow Jones Industrial Average was trading 1.1 percent higher to 11,162.

NetSuite is in SmarTrend's Application Software industry, as analyst Chip Bryan noted, adding that “this industry is currently in an Uptrend according to our research. We are monitoring many other stocks on the move within this industry.”

In the last five trading sessions, Bryan said, the 50-day MA climbed 1.79 percent while the 200-day MA has risen 1.57 percent: “In the past 52 weeks, shares of NetSuite have traded between a low of $11.62 and a high of $26.00 and are now at $26.28, which is 126 percent above that low price.”

SmarTrend had shares of NetSuite in an Uptrend at the time of Bryan’s analysis, and issued the Uptrend alert on November 08, 2010 at $22.95.

Last month TMC (News - Alert) had the news that NetSuite, which sells cloud-based financials / ERP software suites,announced the launch of “an innovative, lighthearted multimedia campaign” designed to promote awareness of and a cure for enterprise software hairballs -- “the inefficient, ineffective tangle of disparate enterprise applications and middleware that hinders productivity and drives up costs due to brittle integration, incompatible processes, low productivity and high maintenance costs.”

Through a dedicated micro-site (www.netsuite.com/hairball), online advertising, email, YouTube (News - Alert) videos, and a range of social media activities on Facebook and Twitter channels, NetSuite officials said they would “explain the value-destroying properties of software hairballs and demonstrate how the NetSuite offering cures hairballs with end-to-end, cloud-based integration of core enterprise data and processes.”

The site includes a number of case studies detailing how moving to the cloud enables companies to disentangle their organizations from the complex, disparate cluster of conventional, on-premise software.


David Sims is a contributing editor for TMCnet. To read more of David’s articles, please visit his columnist page. He also blogs for TMCnet here.

Edited by Chris DiMarco
 
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