GoDaddy (NYSE:GDDY) reported earnings after the close today. After hours stock moving up 74.15 +3.28 (4.63%) The company made news on Tuesday with the announcement of their acquisition of Name Administration Inc. and Uniregistry. That deal will close in Q2 which normally gets reported in the first couple days of August. The acquisition was mentioned under business highlights in this … [Read more...]
ArsTechnica covers the Verisign proposed price hike
The backlash over Verisign raising prices was picked up by a publication outside the domain industry. ArsTechnica.com published a piece today that highlighted the concerns from registrars. The article discussed the potential for Verisign to make an additional $500 million per year. It also honed in on price caps. From the article: While ICANN has eliminated price caps on .org and most … [Read more...]
After missing on earnings Verisign stock off over 5% today
VeriSign (VRSN) came out with quarterly earnings of $1.31 per share, they missed on Zacks Consensus Estimate of $1.34 per share. Last year they had earnings of $1.58 per share a year. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2.24%. A quarter ago, it was expected that this internet infrastructure services provider would … [Read more...]
GoDaddy to do a share buyback of $500 million
GoDaddy (NYSE:GDDY) is up 16% today, the company announced strong earnings yesterday and a share buyback. CNBC broke it down Key Points GoDaddy on Wednesday announced its biggest ever share buyback of $500 million.The company reported a 12% rise in quarterly revenue as the web hosting company earned more per user, sending its shares up 10% in extended trading.Average revenue per … [Read more...]
Google parent Alphabet misses on Q3 earnings – stock down in after hours trading
Alphabet Inc the parent of Google ( NASDAQ: GOOG, GOOGL) reported earnings after the close and earnings missed expectations. Shares of Alphabet hit a new all time high at $1,299.31 during the trading day. CNBC reported Google missed earnings expectations in Q3 2019, earning $10.12 per share vs $12.42 expected.Otherwise, the company’s earnings report was pretty much as investors … [Read more...]
Verisign earnings for Q3 2019 beat expectations
VeriSign, Inc. (NASDAQ: VRSN) reported earnings today. They showed earnings per share of $1.36 on revenue of $308.4M. This was better than analyst projections. According to Yahoo the company missed on revenues. The stock closed up on Thursday at $185.73. Financial Highlights • Verisign ended the third quarter of 2019 with cash, cash equivalents and marketable securities of $1.23 billion, … [Read more...]
GoDaddy reports earnings and dives 5% in after hours before rebounding
GoDaddy (NYSE:GDDY) reported earnings today, this coincided with the news that CEO Scott Wagner would be stepping down and being replaced by Aman Bhutani, who most recently served as president of Brand Expedia Group. The stock was up on the day but took a dive in after hours trading once the earning were reported. Excluding one-time items, the company posted earnings of 1 cent, below … [Read more...]