Only one of the 20 SaaS and cloud providers we track on the Talkin' Cloud Stock Index posted a gain for the week, leading to an overall dip of 7.58 percent for the week ending Sept. 23, 2011. It's a discouraging turn of events after last week's big gain, and we're now back down to a net negative 5.63 percent change to the index since the beginning of the year.

Before we take a look at the week's -- sigh -- winner and biggest losers, here's our standard warning. We only maintain the Talkin' Cloud Stock Index to match cloud hype against real-world financial performance. We don't offer specific financial advice, and whether you buy, sell or hold is up to you and you alone.

One Winner

  • Red Hat (RHT), the open source titan that's increasingly making a splash in the cloud and virtualization markets, posted a 2.69 percent gain to $42.32 per share, and it's no mystery why: according to its second quarter earnings statement, Red Hat is well on its way to a $1 billion 2011.

Three Losers

I have an educated guess as to what happened this week: Investors, encouraged by last week's boom, sold off their cloud stocks while prices were high -- and precipitated another dip. We'll keep watching, so come back next week for another update on the Talkin' Cloud Stock Index.