Tuesday, February 11, 2014

11 Largest US Internet Software & Services Company Stock Prices Down 56% Due to Financial Meltdown Spillover Effects, Then Up 353% Under Obama and the US Fed

I found 15 US Internet Software & Services Companies classified in the Technology Sector at Yahoo's superb Finance website with current Total Market Capitalizations of at least $100 mil each.

Of these 15 US Internet Software & Services Companies, 11 of them also had their common stocks trading on each of the following three dates:

  • On December 31, 2007 during President Bush's second term
  • On March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and 
  • also on the most recent date February 10, 2014.

The historical common stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 11 largest US Internet Software & Services Companies having their common stocks trading on each of the above three dates had their average stock prices drop by a huge 56% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But in the slightly less than five years since March 6, 2009, the average stock prices of these same 11 largest US Internet Software & Services Companies have increased by a very robust 353% through February 10, 2014, led by Nevada-based VirnetX Holding and Florida-based Ultimate Software Group both experiencing stock market price growth above 1,000%.

Clearly, the investors in and employees of a clear majority of these 11 largest US Internet Software & Services Companies must be pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state.

Below here are the stock market prices of each of these 11 largest US Internet Software & Services Companies having their stocks trading on February 10, 2014, on March 6, 2009, and also on December 31, 2007:






Market Market






Price Price






% %






Change Change



Market Market Market 3-6-09 12-31-07



Price Price Price to to
Internet Software & Services Company HQs
2-10-14 3-6-09 12-31-07 2-10-14 3-6-09








VirnetX Holding Zephyr Cove NV       17.06         1.15         5.88 1383% -80%
Ultimate Software Group Weston FL      158.71       13.19       31.47 1103% -58%
Dealertrack Technologies Lake Success NY       46.15         9.66       33.47 378% -71%
Equinix Redwood City CA      189.93       42.95      101.07 342% -58%
Internap Network Services Atlanta GA         7.94         2.42         8.33 228% -71%
Ixia Calabasas CA       12.92         4.36         9.48 196% -54%
j2 Global Los Angeles CA       45.61       18.62       21.17 145% -12%
Geeknet Fairfax VA       17.97         8.80       24.50 104% -64%
Support.com Redwood City CA         2.69         1.78         4.45 51% -60%
Vocus Beltsville MD       11.92       13.17       34.53 -9% -62%
Digital River Minnetonka MN       16.37       25.53       33.07 -36% -23%








Average % Change all 11




353% -56%

And in the chart below are the stock market prices on February 10, 2014 and on the close of the first trading date of the 4 additional US Internet Software & Services Companies with current Total Market Capitalizations of at least $100 mil each and which didn't have their common stocks trading on December 31, 2007:







Closing






Month Price






Of On




Market
First First




Price
Trading Trading
%
Internet Software & Services Company HQs
2-10-14
Date Date
Change









Angie's List Indianapolis IN 17.26
Nov 2011       16.26
6%
Tremor Video New York NY 4.32
Jun 2013         8.50
-49%
QuinStreet Foster City CA 6.74
Feb 2010       15.00
-55%
Demand Media Santa Monica CA 5.58
Jan 2011       22.65
-75%