Three new stocks were added to ISDEX — 1) Ariba (NASDAQ:ARBA), a leader in customer procurement and order management in ecommerce; 2) Healtheon (NASDAQ:HLTH), a leader in Web-based health services and 3) Juniper Networks (NASDAQ:JNPR), an upstart that offers some of the fastest routers on the Web, and which some compare to an early Cisco (NASDAQ:CSCO).
As the ISDEX is updated quarterly as needed to include the full gamut of Internet stocks across seven sectors, ensuring that the Internet industry is represented well on Wall Street. Internet Stock Index (ISDEX) futures trading partner KCBT.com has details on the sectors and what ISDEX criteria is.
First, Ariba offers a couple of products that I find compelling, including a customer procurement network that connects buyers and sellers and another product which helps companies keep up with all the associated operating resources.
These guys rock!
No wonder ARBA shares soared 19% since June 30. With a $4.9 billion market cap ARBA may be fully-reflective of known news. But this one looks like a B-2-B power. When ARBA went public rival Oracle called me and explained how Oracle was the leader here. Not so fast. I think ARBA shows more flexibility and Web-based design on the user experience.
Healtheon is a natural for its exposure to the explosive growth in Web-based healthcare services and info.
I expect Healtheon to consolidate much of the better Web medical and health sites/services. Deals with large partners only helps its story. Another example of venture firm Kleiner Perkins backing a winner, although HLTH didn’t IPO its first time at bat. Home run after all.
Juniper Networks is added to ISDEX for its speedy and long needed approach to routers.
While Cisco certainly dominates the segment with 90% market share, anyone coming out with a faster piece of the pipe that gets industry recognition as Juniper has done is worth a look in my book. We all know Cisco buys anything that moves in this space, why should JNPR be any different? I don’t think Cisco can wait unless it has its own homespun solution to match Juniper.
Lets see the week since the end of second quarter, who’s hot and not in the 50 stocks that represent the Internet:
|ISDEX ®||06-Jul-99||% change|
|The Internet Stock Index||close||from|
|for isdex history file click here||close|
|America Online||AOL||$ 120.94||10%|
|Network Associates||NETA||$ 15.94||9%|
|CheckPoint Software||CHKP||$ 57.94||8%|
|Earthlink Network||ELNK||$ 66.00||7%|
|Security First Technologies||SONE||$ 48.38||7%|
|Security Dynamics||SDTI||$ 22.50||6%|
|Open Market||OMKT||$ 15.00||6%|
|@Home Network||ATHM||$ 56.94||6%|
|24/7 Media||TFSM||$ 40.25||5%|
|Network Solutions||NSOL||$ 81.75||3%|
|CMG Info||CMGI||$ 117.56||3%|
|Preview Travel||PTVL||$ 22.50||3%|
|ISS Group||ISSX||$ 37.25||-1%|
|Sportsline USA||SPLN||$ 35.38||-1%|
|Juniper Networks*||JNPR||$ 139.50||-6%|
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