Domain name company’s stock jumps 85% from June 1 to June 22.
Individual domain name prices aren’t the only signs that the domain name market is white hot. Shares of domain name company Communicate.com (CMNN.ob) have soared from $1.14 at open on June 1 to close at $2.10 last Friday, June 22. (Shares fell 8 cents on Monday).
Shareholders are responding in part to the hiring of new CEO Geoff Hampson and his $1M investment in the company. Hampson appeared on TheStreet.com TV last week and laid out his plans for the company. Communicate.com will continue to build out its market domains similar to what it did with Perfume.com.
Hampson said the company may need to sacrifice short term profits and raise more money in order to do this. And you can’t blame him. Communicate.com (corporate site CMNN.com) has some dandy domain names. Last week’s Moniker domain name auction saw a $3M bid for Scotland.com rejected. Communicate.com has its share of great country
domains like this, including Brazil.com, Indonesia.com, Malaysia.com, Vietnam.com, and GreatBritain.com. It also has no more than parking pages for Boxing.com, Cricket.com, Rodeo.com, Call.com, and Yen.com. These are great assets just begging for a bit of investment.
Rob Chandler says
Good insight on the growing domain name market and its positive affects on the industry as a whole. The “.com” generic top level domain (gTLD) seems to be king among all the other available extensions (i.e., .net, .org, .co.uk). I have some generic country code top level domain names (ccTLD), Banco.com.mx, Farmacia.com.mx, Bicilcletas.com.mx, whose time will come though… hopefully not in the too distant future.