Internet stocks still posted gains the past week but Wall Street waits for
earnings to see if the 18% dash since April or 50% sprint year to date was
for the cup or simply a marathon to break a sweat.
If earnings come in on or better than target, some of these could run yet
again. Others that haven’t run are putting on their sneakers and waiting
for the start. Will it come?
Here’s our scorecard of the hot and not Internet stocks year to date, and
the past week, March 31 to April 7.
ISDEX & Market Performance
ISDEX ® | 07-Apr-98 | % change | Point change | % change | |
Internet Stock Index | from | from | from | ||
www.isdex.com | close | 31-Mar-98 | 31-Mar-98 | 31-Dec-97 | |
ISDEX Geometric Average | 153.59 | 1.2% | 1.77 | 53.8% | |
ISDEX Price Wtd. Composite | 1,549.75 | 1.7% | 26.03 | 48.8% | |
NASDAQ | 1,798.71 | -2.0% | -36.97 | 14.5% | |
DJIA | 8,956.50 | 1.8% | 156.69 | 13.3% | |
Cyberguard | CYBG | $ 13.00 | 37% | $3.50 | 131% |
Concentric | CNCX | $ 26.63 | 37% | $7.13 | 200% |
WavePhore | WAVO | $ 13.00 | 24% | $2.50 | 39% |
CheckFree | CKFR | $ 27.13 | 23% | $5.00 | 0% |
Lycos | LCOS | $ 53.69 | 21% | $9.44 | 30% |
RealNetworks | RNWK | $ 34.84 | 20% | $5.84 | 151% |
Earthlink Network | ELNK | $ 67.00 | 19% | $10.56 | 160% |
USWeb | USWB | $ 26.25 | 19% | $4.13 | 180% |
CMG Info | CMGI | $ 68.00 | 17% | $10.06 | 125% |
CDnow | CDNW | $ 27.75 | 16% | $3.75 | 73% |
CKS Group | CKSG | $ 21.00 | 12% | $2.19 | 49% |
Infoseek | SEEK | $ 19.88 | 10% | $1.81 | 85% |
CNET | CNWK | $ 29.50 | 10% | $2.63 | 0% |
E*TRADE | EGRP | $ 26.94 | 8% | $2.00 | 17% |
Network Solutions | NSOL | $ 39.63 | 7% | $2.50 | 202% |
Open Text | OTEXF | $ 19.00 | 5% | $0.88 | 42% |
PSINet | PSIX | $ 11.56 | 4% | $0.44 | 126% |
NewsEdge | NEWZ | $ 13.88 | 4% | $0.50 | 4% |
America Online | AOL | $ 70.50 | 3% | $2.19 | 56% |
CyberCash | CYCH | $ 16.75 | 3% | $0.50 | 32% |
Spyglass | SPYG | $ 8.56 | 3% | $0.25 | 73% |
Excite | XCIT | $ 52.31 | 3% | $1.38 | 74% |
Cylink | CYLK | $ 14.75 | 2% | $0.31 | 51% |
Yahoo! | YHOO | $ 93.25 | 1% | $0.81 | 35% |
Onsale | ONSL | $ 31.13 | 0% | $0.13 | 73% |
Amazon.Com | AMZN | $ 85.25 | 0% | -$0.28 | 41% |
Network Associates | NETA | $ 65.88 | -1% | -$0.38 | 25% |
Broadvision | BVSN | $ 17.69 | -1% | -$0.19 | 172% |
Mecklermedia | MECK | $ 23.75 | -2% | -$0.38 | -5% |
Mindspring | MSPG | $ 63.00 | -2% | -$1.25 | 87% |
Intuit | INTU | $ 47.38 | -2% | -$1.00 | 15% |
Metricom | MCOM | $ 9.63 | -3% | -$0.25 | 0% |
Doubleclick | DCLK | $ 34.19 | -3% | -$0.94 | 101% |
N2K | NTKI | $ 29.00 | -3% | -$0.88 | 98% |
@Home Network | ATHM | $ 32.06 | -5% | -$1.75 | 28% |
Sportsline USA | SPLN | $ 30.63 | -5% | -$1.75 | 185% |
Open Market | OMKT | $ 19.50 | -5% | -$1.13 | 103% |
Secure Computing | SCUR | $ 12.50 | -7% | -$0.88 | 6% |
VocalTec | VOCLF | $ 19.13 | -7% | -$1.38 | -7% |
Axent | AXNT | $ 28.00 | -8% | -$2.50 | 62% |
Broadband Technologies | BBTK | $ 7.00 | -10% | -$0.75 | 70% |
PairGain | PAIR | $ 21.63 | -10% | -$2.38 | 12% |
Verisign | VRSN | $ 38.94 | -12% | -$5.06 | 178% |
Netscape | NSCP | $ 16.06 | -12% | -$2.13 | -34% |
Versant Object Technologies | VSNT | $ 6.50 | -12% | -$0.88 | -53% |
CheckPoint Software | CHKPF | $ 40.06 | -12% | -$5.63 | -2% |
Security First Net Bank | SFNB | $ 7.53 | -13% | -$1.09 | 4% |
IDT Corp | IDTC | $ 32.06 | -15% | -$5.44 | 58% |
Egghead.com | EGGS | $ 8.75 | -19% | -$2.00 | 35% |
Security Dynamics | SDTI | $ 27.75 | -33% | -$13.38 | -22% |
TOTAL | 1,549.75 | 2% | 26.78 | 49% | |
SIMPLE AVERAGE | 31.00 | 2% | 0.54 | 49% |
04.01.98: Search stocks soar on multi-million dollar deals announced by
Lycos (NASDAQ:LCOS) and Excite (NASDAQ:XCIT) for commerce. Lycos’ deal is
with CDnow, capping off a $30 million dealfest in many areas. Excite and
software.net ink a multi-million deal. As we’ve said many times, these may
very well be the new Web networks (as in TV or radio). That’s way beyond
search–it’s content, commerce, services, and communications. Of course
we’ve only been saying that for two years now.
But this is an eyeball and wallet game now. Will those eyes pay to play?
04.02.98: We said Cyberguard (NASDAQ:CYBG) looked like a misplaced laggard
and sure enough it climbs 18% to $11.50 today. The Internet security
software firm tops ISDEX gainers since March 31.
Wedbush Morgan with an “accumulate” rating. We think “accumulating” may be
a little late given RNWK’s recent run–the stock more than doubled in the
past month.
890,000 common shares or about $48 million stock swap, pooling of
interests. The buy will integrate Classifieds2000 more than 1.5 million
listings into Excite’s Web sites. Another deal for the most acquisitive
search/navigation site. Anyone remember when Excite was called Architext?
How far it has come. But how far it also has to go–these are still early
days.
ended March 31, 1998, a jump of 66% to $53.3 million, but just 4% more than
the previous quarter. 2Q net income reaches $6.1 million, or $0.15 per share,
compared with $3.1 million or $0.09 per share 2Q97. Adds 80k accounts in
latest quarter. Total accounts now exceed 425k vs. 145k March 1997.
private placement through DLJ. 10% coupon, S&P rates the issue B- (minus),
maturity 2/15/2005. One thing we’re watching for is PSINet to attack the
corporate access world en force with its new fiber relationship with IXC
Communications (NASDAQ: IIXC) to use 10,000 equivalent route miles of OC-48
fiber. Maybe the cash will help. Take note that PSIX is on the move–it’s
up 126% year to date.
