A couple of weeks ago we told you that FriendFinder Networks, was going to go public today and it has started trading under the Symbol FFN. Shares of the company were sold at the low range of the range set for the IPO at $10 a share and in the 1st hour of trading, shares are already down 17% at $8.30 as of time of publication. We will update this story later when its first day of trading … [Read more...]
Marchex Reports: Revenue, Profits & Stock Price Up & Sells Almost $2M in Domains In 1st Quarter
It's a busy day for publicly traded domain related companies as Marchex, Inc. (NASDAQ:MCHX) also reported its results for the quarter ended March 31, 2011 today after the market closed. Its the third company in our Domain Stock Index to report today and like QuinStreet and Demand Media, Wall Street liked Marchex's report and the stock traded up over 6% in after hours trading. Here are … [Read more...]
Demand Media Reports: Revenue Up 48%; Registrar Revenue Up 18%: Stock up Over 15%
Demand Media, Inc. (NYSE:DMD) reported financial results for the quarter ended March 31, 2011 after the Market closed today. The market loved the report as shares soared up over 15% to $19 a share after hours. The stock is now trading well above the bottom we called at $13.99 back on April 25th. Here the highlights: Q111 Financial Summary: GAAP • Revenue … [Read more...]
QuinStreet Report: Revenue Up 17%, Education Vertical Up 26%; Shares Up 10%
QuinStreet, Inc. Nasdaq:QNST, reported announced its financial results for the fiscal third quarter ended March 31, 2011 yesterday after the market closed and the market reacted very positively. The Company reported total revenue of $107.7 million, an increase of 19% over the same quarter last year. Adjusted EBITDA for the quarter was $23.2 million, or 22% of revenue. The Company … [Read more...]
Blackberry Makes Bing Its Default Search Engine
Give a big check to Microsft today which just beat Goolge out to become the default search engine for all Blackberry devices. Blackberry devices will use Bing as the preferred search provider in the browser, and Bing will be the default search and map application for new devices presented to mobile operators, both in the US and internationally. Also, Bing will have regular, featured … [Read more...]
Verisign Reports: Domain Name Registrations (.com & .net) 108 Million Up 9%; Revenue Up 12%
After the market closed today VeriSign, Inc. (NASDAQ: VRSN), reported financial results for the first quarter ended March 31, 2011. VeriSign, Inc. reported revenue of $182 million for the first quarter of 2011, up 2% from the prior quarter and up 12% from the same quarter in 2010. Verisign reported net income attributable to Verisign stockholders of $41 million and earnings per share … [Read more...]
China’s Leading Search Engine Baidu.com: Earnings Up 88%, Profit up 125% & $1.3 Billion in The Bank
After the market closed today, Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, announced its unaudited financial results for the first quarter ended March 31, 2011. Baidu is one of the companies we track in the domain stock index First Quarter 2011 Highlights Total revenues in the first quarter of 2011 were RMB2.436 billion ($372.0 million), an … [Read more...]