Market Recap 2/18/16 Endurance Intl (EIGI) went on a ride today, trading as low as $8 and then closing at $10.28, up close to 10%. The company said they were buying Constant Contact earlier in the week and reported earnings today. GoDaddy (GDDY) was off 3.75% as investors digested their earnings report from last night. Alphabet Inc GOOGL 717.51 -14.46 … [Read more...]
Market Recap 2/17/16 GoDaddy up over 7% reports earnings
Market Recap 2/17/16 Go Daddy (GDDY) was up over $2 today or 7%, they received a buy recommendation from Deutsche Bank and reported earnings after the close. Fourth Quarter Financial Highlights Revenue of $425.4 million, up 14.4% year over year, or approximately 16.7% on a constant currency basis. Total Bookings of $464.0 million, up 13.3% year over year, or approximately 16.7% on a … [Read more...]
Market Recap 2/16/16 Go Daddy up close to 9% day before earnings report
Market Recap 2/16/16 Go Daddy (GDDY) up close to 9% the day before they release earnings. The company received an outperform rating from RBC Capital today. Web.com (WWWW) the parent company of Network Solutions and Register.com was down close to 4%. Alphabet Inc GOOGL 717.64 +10.75 (1.52%) Godaddy Inc GDDY 27.09 +2.23 … [Read more...]
Market Recap 2/12/16 Web.com up over 10% – Verisign up close to 4%
Market Recap 2/12/16 Web.com (WWWW) was up over 10% today, the company posted earnings last night (Non-GAAP EPS were $0.66, three cents above estimates) and received several upgrades today. Verisign (VRSN) was up close to 4% today and closed at $76.97. The company reported earnings on Thursday. Tucows (TCX) was up over 5% on the day. Alphabet Inc GOOGL 706.89 +0.53 … [Read more...]
Rightside Establishes Wholly Foreign-Owned Enterprise in China & Plans To Be Licensed in 2016
Rightside (NAME) announced today its expanded operations in China by establishing a Wholly Foreign-Owned Enterprise (WFOE). Rightside says that there are almost 90,000 domains registered in the their portfolio of 39 new gTLD's in the Chinese market, with .LIVE, .NEWS, and .PUB being the most popular. There are currently 5.4 million new TLDs registered in China, which represents 45% of all … [Read more...]
Web.com Buying Local Ad Co. Yodle for $342M Which Is About 40% of Its Market Cap
Web.com (NASDAQ:WEB) announced today it's acquiring Yodle, a provider of local online ad/marketing services for 50K+ small businesses, for $300M in cash up-front + payments of $20M and $22M at the first and second anniversaries of the deal's closing date. Web.com closed today with an $826M market cap. At a $342 Million dollar purchase price that represents over 40% of its market cap although … [Read more...]
Market Recap 2/11/16 Verisign Reports Earnings Down in After Hours
Market Recap 2/11/16 Verisign (VRSN) reported earnings after the close, the stock was up on the day but is down in after hours. VeriSign, Inc. and subsidiaries ("Verisign") reported revenue of $273 million for the fourth quarter of 2015, up 6.5 percent from the same quarter in 2014. Verisign reported net income of $102 million and diluted earnings per share ("diluted EPS") of $0.76 for the … [Read more...]