ServiceSource (SREV - Get Report) is the big winner so far with a 91% return. The cloud computing company originally expected to price in the $7.50-$9.00 range, but instead came to market on March 25 at $10.00 per share, and closed Wednesday at $19.08.Beyond the initial hype, the company did deliver strong quarterly results on May 10, highlighted by a 43% revenue increase. The company manages customer relations for its clients and focuses on contract renewals. It faces little competition and says it helps its customers achieve a 15% improvement in renewals on average.
IPO Scorecard: 2011's Hits & Misses
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.