Shares of Rightside (NAME) which we actually own some of have been falling like a rock. Today shares fell below $7 which I guess stock market guys might call a support level, hitting an intraday all time low of $6.73. Shares have recovered slightly and are trading as of publication at $6.83. Volume is like yesterday, when the shares hit that $7 a share number, before closing at $7.10 … [Read more...]
Tucows Looking to buy up to $8million worth of shares in modified Dutch Auction
Tucows Commences Dutch Tender Offer Tucows announced today that it is commencing its "modified Dutch auction Tender Offer" (the "Tender Offer") to repurchase a number of its common stock not to exceed an aggregate purchase price of $8.0 million, as previously announced on November 12, 2014. The closing price of Tucows common stock on the NASDAQ on December 5, 2014 was $17.45. Under the Tender … [Read more...]
Rightside (NAME) Is Up 20% In After Hours Trading
After its first earnings report as a public company, Rightside (NAME) is up about 20% in after hours trading. Rightside is currently trading at $11.26 up $1.85 from its closing price of $9.41 Rightside has a 52 week low is $8.96 and its 52 week high of $17 but just started trading on August 1st 2014. Here are the highlights: Rightside reported 16 Million domains under management … [Read more...]
Rightside’s 1st Earnings Report: Revenue Up 15%: Makes $8.6 Million By Losing gTLD Apps
Rightside Group, Ltd. (NAME) announced its financial results for the third quarter ended September 30, 2014. Rightside is the company that was spun off from Demand Media, Inc, (DMD) which owns the domain name registrars Enom.com and Name.com, and owns a bunch of new gTLD's and is the backend provider for Donuts which just passed one million domain name registrations This is Rightside first … [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...]
Web.com Is Down Over 22% & Hits a 52 Week Low After Earning Report
Shares Of Web.com (WWWW) hit a 52 week low of $14.89 today after reporting its earnings which missed expectations. The company reported a loss of $3.4 million, or 7 cents a share. Adjusted earnings came to 66 cents a share. Revenue totaled $137.4 million. The consensus estimate called for adjusted earnings of 63 cents a share on revenue of $147.42 million. The company also announced the … [Read more...]
Marchex Reports & Sells $1.6 Million In Domain Names
Marchex, Inc. (MCHX), announced its financial results for the third quarter ended September 30, 2014. Archeo its domain name division sold $1.6 Million dollars during the quarter. Q3 2014 Financial Highlights1 GAAP revenue was $49.2 million for the third quarter of 2014, compared to $40.6 million for the third quarter of 2013. Non-GAAP revenue, which excludes domain sales recorded in … [Read more...]