After releasing it earnings yesterday Tucows (TCX) share sank over 10% in after hours trading to $43.25. Shares of Tucows closed at $48.40 share down $.20 after hitting an intraday high of $50.52 in trading yesterday. As you can see from the one day chart above shares of Tucows were down to just above $40 a share in after hours trading before rallying back over $43. We will see how the … [Read more...]
Rightside lowered to a sell rating by Zacks Research shares below $8
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...]
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...]
Neustar Owner/Operator of .Co; .US & .Biz Acquired For $33.50 A Share
Neustar, Inc. (NSR), today announced that it has entered into a definitive agreement to be acquired by a private investment group led by Golden Gate Capital in a transaction valued at approximately $2.9 billion. Under the terms of the agreement, which was unanimously approved by Neustar’s Board of Directors, Neustar’s shareholders will receive $33.50 per share in cash. This represents a … [Read more...]
GoDaddy reports earnings – after hours stock trading down
GoDaddy (NYSE: GDDY) reported earning after the close and the stock is getting hit. Shares closed at $35.09 on the day, but in after hours the stock is down 3.4% to $34. The company did show a profit for the quarter. GoDaddy Inc. was downgraded to neutral from buy at Monness, Crespi, Hardt ahead of its third-quarter earnings report Wednesday. James Cakmak, the Monness, Crespi, Hardt analyst, … [Read more...]
.US Extension Tops 2 Million Registered Domains For 1st Time After 31 Years
.US has passed two million domain names for the first time since the extension was unched 31 years ago. Yes .US was launched on February 15, 1985; 31 years ago as the first ccTLD. ON the last day of the $.10 sale by the domain name registrar Uniregistry.com, .US domains had a net add of 28,000 domains making the total amount of .US domain registrations at 2,001,216. As of March of … [Read more...]
Tech Crunch Publishes a Great Story On The Domain Industry
TechCrunch.com published a great story about the money floating around in the domain industry entitled ""The silent evolution of domain names"". People in the domain space are mentioned include Rob Grant as the father of Lana Del Rey, Kevin Ham, and Thunayan K. AL-Ghanim. The story covers Godaddy's purchase of our portfolio saying they spend over $100 million in domains. The story quotes … [Read more...]