NEW YORK ( TheStreet) -- Internet stocks have been on fire recently following surprisingly robust earnings reports.
Back on June 6 I wrote, " IPO Report Card: Ups and Downs of Internet IPOs" in which where I showed the performances of nine Internet companies that have gone public in recent years.
I showed the dramatic ups and downs of these stocks, including those that were considered to be failures as IPOs.
My updates today explain how some of these stocks have become parabolic recently. Seven of the nine stocks have logged two-month gains of between 26.2% and 96.7%. These companies went public between May 2009 and May 2012.At ValuEngine we have enough data to provide valuations and ratings. Three stocks are undervalued, and four are overvalued by 40.8% to 96.7%, reflecting that price momentum may have gone too far. This predicament often occurs as bubbles in the equity markets are inflating.