Google announced early on Monday morning that it will acquire Motorola Mobility Holdings, for around $40 per share or $12.5 Billion Dollars “a premium of 63% to the closing price of shares on Friday, August 12, 2011,” According to CNN.com "it would be Google's largest-ever acquisition. It's previous largest deal was for online ad company DoubleClick ($3.1 billion), followed by the 2006 … [Read more...]
Tucows Reports: Revenue Up 11%; Sells $1.3 Million In Domains & Swings To A Profit
Tucows.com (AMEX:TCX) reported earnings after the market closed today. Here are some of the highlights from the earnings report and the Earnings Call from this afternoon: "Revenue grew by almost 11% year-over-year to a record $23 million." "Net revenue for the second quarter of 2011 increased 10.6% to $23.0 million from $20.8 million for the second quarter of 2010." "Net income for the … [Read more...]
Demand Beat Expectations & Is Up Over 17% To $10.51 In After Hours Trading
Share of Demand Media rockets up over 17% in after hours trading to $10.51 after reporting earnings that beat street expectations. Revenue rose 32 percent to $79.5 million in the quarter ending June 30th. Less advertising commissions, Demand Media's revenue for the second quarter totaled $76.6 million; analysts were expecting $73.9 million. The company reported a net loss of $2.4 million, … [Read more...]
Hey Surprise Demand Shares Led The Way Up Almost 10% Through Another Bad Day In The Markets
While the Dow Jones Average squeaked out a gain today the NASDAQ had another down day. However most of the domain company's stocks did well. Demand Media which has been beaten to death by blogs actually rose almost 10% today to finish at $9.26 Web.com which agreed to buy Network Solutions for $540 Million the other day, rose for the 2nd consecutive day up 15% to almost $12 a … [Read more...]
Marchex Reports Earnings: Revenue Up Over 40%; Sells $2.7 Million In Domains & Shares Are Up 19%
Marchex, Inc. (NASDAQ:MCHX) reported its results for the quarter ended June 30, 2011 yesterday and had a nice quarter. Shares of Marchex are up over 19% today in an otherwise down market on the news (trading at $9.34 as of time of publication. Here are some of the highlights of the earnings report: Second Quarter 2011 Consolidated Financial Results: Revenue was $38.8 million for the … [Read more...]
Trefis: Total Domain Registrations To Go From 120 Million To 360 Million By 2018 But .Com & .Net Share Down To 40%
Stock analysis firm Trefis is saying they expect domain name registrations to triple from approximately 120 Million current registrations to 350 Million by 2018. However they also call for the percentage of .com and .net registration to shrink over that time to 40% due to the new gTLD's. "Upside to our forecast could arise from market share gains as new rules will allow businesses to … [Read more...]
VeriSign Report Earnings: Revenue Up 13%; Net Income Up 50%: Q Ends With 110 Million Domains Registered up 8%
After the market closed today VeriSign, Inc. (NASDAQ: VRSN), reported financial results for the second quarter ended June 30, 2011. VeriSign, Inc. reported revenue of $190 million for the second quarter of 2011, up 5% from the prior quarter and up 13% from the same quarter in 2010. Of course in January 2011 Verisign is raising the fees on .net and .com registrations by 7% which should add … [Read more...]