Rightside (NASDAQ:NAME) shares are down 4% today and Zacks Research has lowered it's rating on the stock to a sell. The shares are trading below $8 for the first time since December 22. The stock had a pretty nice run up to $12.85 over the summer but have since come back down. The company recently agreed to sell Enom to Tucows (TCX) … [Read more...]
Rightside Sells Enom to Tucows For $76.7 Million Cash
Rightside Group, Ltd. (NAME), today announced that it has signed a definitive agreement for the sale of eNom to Tucows Inc. (TCX) for $83.5 million, less a net working capital adjustment of $6.8 million, resulting in net cash at closing of $76.7 million. eNom has approximately 14.5 million domains under management and generated approximately $116.5 million in revenue through Q3 2016, primarily … [Read more...]
FakeNews.com Vs Fake.News Both Asking Six Figures Who You Got?
Well the hottest topic of the week and one of hot issues coming out of the election season is "Fake News". The topic does not seem to be going away anytime soon We made contact in the last couple of days with the representatives of the domain name FakeNews.com as well as the new gTLD domain name Fake.News. The response I received from the representative of FakeNews.com after filling out … [Read more...]
A look at how domain stocks did in 2016, if you owned Tucows you were very happy
2016 was a great year for shareholders of Tucows and Neustar, for shareholders of Verisign, Marchex and Sedo parent United Internet ? Not so much. Tucows was the star for 2016 up 67% on the year. Neustar got acquired and the stock finished up close to 40%. Verisign saw their fortunes take a down turn in 2016, all the speculative hand regs based on Chinese whims did not materialize in 2016 … [Read more...]
Rightside Launches .Games & Shares Rise Over 5%
Rightside Group LTD (NASDAQ: NAME) launched the .GAMES domain extension today. The Sunrise Phase where trademark holders could preregister names, .GAMES became Rightside’s number-one performing new top level-domain (TLD), seeing applications from virtually every major studio, including Activision Publishing, Blizzard Entertainment, Electronic Arts, Nintendo, and Ubisoft … [Read more...]
Sabal Capital Management Reduces It Stake In Rightside by 10%
According to tradecalls.com; Sabal Capital Management reduced its stake in Rightside Group Ltd by 10.0% during the most recent quarter end. The investment management company now holds a total of 312,868 shares of Rightside Group Ltd which is valued at $3,707,486 after selling 34,746 shares in Rightside Group Ltd , the firm said in a disclosure report filed with the SEC on Aug 12, … [Read more...]
Rightside Closes Down 12.92% on Heavy Volume
Rightside (Nasdaq: NAME) closed down $1.41 or 12.92% on Monday. The volume was substantially higher than the average daily volume of 52,197 coming in at 865,348. The shares traded as low as $8.79. This was the biggest volume day since June 24 and one of the biggest volume days all year. DomainNameWire.com reported on August 12, that Daniel Negari and Mike Ambrose sold $2 million worth of … [Read more...]
