Market Recap 2/5/16
Godaddy (GDDY) had another rough day today, down close to 10%, the overall markets were down but nowhere near where Godaddy and some of their peers ended.
Neustar (NSR) finished down more than Godaddy, falling 10.34% on the day.
Robert W. Baird lowered their price target on the stock from $33.00 to $30.00, Analyst Ratings Network.com reports. Robert W. Baird currently has a neutral rating on the stock. Neustar traded as low as $21.69 and last traded at $22.26, with a volume of 1,168,937 shares traded. The stock had previously closed at $24.56.
The company reported earnings on Thursday, they reported Q4 EPS of $1.46, $0.21 better than the analyst estimate of $1.25. Revenue for the quarter came in at $280.2 million versus the consensus estimate of $276.2 million. Neustar reaffirmed FY2016 guidance.
Web.com (WWWW) finished off over 7% on the day on average daily volume.
| Alphabet Inc | GOOGL | 703.76 | -26.27 (-3.60%) | |||||||
| Godaddy Inc | GDDY | 25.86 | -2.63 (-9.23%) | |||||||
| Rightside Group Ltd | NAME | 8.37 | -0.15 (-1.76%) | |||||||
| Minds + Machines Group… | MMX | 8.50 P |
+0.75 (9.68%) | |||||||
| Centralnic Group PLC | CNIC | 50.80 P |
-0.20 (-0.39%) | |||||||
| Verisign, Inc. | VRSN | 75.67 | -1.34 (-1.74%) | |||||||
| Neustar Inc | NSR | 22.02 | -2.54 (-10.34%) | |||||||
| Tucows Inc. (USA) | TCX | 20.06 | -0.41 (-2.00%) | |||||||
| Endurance Intl. Group… | EIGI | 8.45 | -0.33 (-3.76%) | |||||||
| United Internet AG | UTDI | 44.49* | -0.89 (-1.96%) | |||||||
| Web.com Group Inc | WEB | 16.92 | -1.30 (-7.14%) | |||||||
| Melbourne IT Limited | MLB | 2.09* | -0.08 (-3.69%) |
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*P denotes Pence
Actually what seemed to precipitate the collapse on the Nasdaq today was unhappiness with the forward guidance on Linkedin LNKD which at one point collapsed almost $90 points from 192s yesterday to a low of 102s today. It finished the day -43%. The market has decided to take the former momentum plays and high PE multiples to the woodshed on any sign of weakness.
And the indexes just took everything else down with them.
Minds and machines was the one exception. With sp increasing by around 10%
There’s been some positive signs of late as the growth in the new gtlds gains some traction and general awareness whilst still low is certainly growing. The .law news and some independent investor coverage appears to had influence too.
I like Minds and Machines as a cheap bet on new g’s