The new gTLD .Web is scheduled to go to an ICANN auction, on July 27th. There are 8 companies in the auction and 3 of them are public. The public companies are Google (NASDAQ: GOOG), Web.com (NASDAQ: WWWW) and Cimpress NV (NASDAQ: CMPR) which is the parent company of Vistaprint Limited. Google has a market cap close to $500 Billion, Web.com has a market cap of $1.26 Billion while Cimpress … [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...]
Motley Fool Ponders if Go Daddy is Cheap – One Analyst Sees Go Daddy A Bigger Threat to Web.com
Alex Dumortier on Motley Fool took a look at the Go Daddy IPO and honed in on the history of operating losses and whether or not the stock is cheap based on projections. From the article: We have a history of operating losses and may not be able to achieve profitability in the future. That is one of the prominent risk factors that greets prospective investors in GoDaddy's most recent … [Read more...]
Report: Web.com Largest Shareholder Could Be Activist & Shake Up The Board
According to TheFly.com FBR Capital says Okumus Fund Management, Web.com's (WWWW) largest shareholder, could potentially take a more activist stance going forward. "FBR added that it would not be surprised if announcements were made soon, potentially including a change in the board composition, a review of the company's operations, accelerating share buyback activity, or the exploration of … [Read more...]
Will Web.com Hurt Godaddy’s IPO?
Web.com had a few comments on its earnings call today that should be of concern to all domain name registrars: CEO David L. Brown noted "the increased availability of [domain] names has had a near-term negative impact on domain-related revenue," primarily related to "non-core domain-related revenue such as sales of premium domain names and bulk domain sales." Non-domain businesses … [Read more...]
Google Entering the Domain Business May Have Less of an Impact on Web.com
David Hernandez wrote a piece on Seeking Alpha that Google entering the domain business may not be as bad as thought for competitor Web.com. Web.com owns Register.com and Network Solutions. The stock is down 37.7 % year to date. Here is the summary of the article: Summary Web.com's stock has declined 36.4% year to date. The decline is being driven by lower revenue guidance and Google … [Read more...]
Network Solutions Parent Web.com Down 25 % Today & Close To 40% From June
Web.com (WWWW) is down big today after missing their revenue numbers for the second quarter. As of publication with about 40 minutes of trading left, Shares of Web.com are trading at $20 even down 6.55 after hitting an intraday, 52 week low of $19.37. Web.com acquired Snapnames back in May, and they own two of the top ten domain registrars Register.com and Network Solutions. The stock was … [Read more...]
