Displaying posts under "Domain Registrars"
Domain name company isn’t getting much love from Wall Street.
Shares of domain name company Rightside have dropped 15% this week, and hit an all time low of $8.33 in trading yesterday.
Rightside (NASDAQ: NAME) is trading for $8.55 per share this afternoon.
It’s unclear what caused the sharp drop this week. Rightside reported earnings after the bell on November 6, and shares climbed the next day. The company filed its 10-Q with the SEC last Friday. I could not find anything in the SEC filing that seemed like new news.
NAME shares started trading on the NASDAQ on August 4 after the company was spun off from Demand Media. Shares started trading at $15.82 that day, so they’re down about 45%. Rightside’s market cap is now $158 million.
B. Riley analyst Sameet Sinha has a $15 price target on the company’s shares.
App makes it easier to narrow in on the best domain name.
GoDaddy recently released an iOS app for finding and registering domain names called GoDaddy DomainFinder.
Many of its features are similar to what you find on GoDaddy.com and other registrar sites. For example, the app lets you filter by price, TLD, and length.
Yet some features are new and different, mostly when it comes to whittling down the large list of results you receive. You can easily “favorite” domain options or eliminate them.
After trying out the app, I asked GoDaddy Senior Vice President and GM Mike McLaughlin if the app’s new functionality will become part of GoDaddy.com’s website. Click here to continue reading…
Revenue up nearly 25% compared to same quarter last year.
GoDaddy filed an amended S-1 with the SEC today, in which it discloses its results from the third quarter.
Here are some financial highlights:
- Q3 2014 revenue was $356.9 million, up 5.4% from Q2 and 24.7% from Q3 2013.
- Domain revenue kept growing, but its percentage of GoDaddy’s overall business continues to shrink. In Q3 2012, the domain business accounted for 65.7% of GoDaddy’s business. This past quarter it was down to 54.5%. Hosting and Business Applications are becoming a bigger part of the equation.
- Both operating and net losses shrunk considerably. Q3 operating loss was $6.8 million, compared to $18.4 million in Q2 and $31.1 million in Q3 of 2014. Net loss was $27.6 million, compared to $37.5 million in Q2 and $47.3 million in Q3 2013. GoDaddy’s adjusted EBITDA bounced back nicely after slipping in Q2, hitting $71.6 million for the quarter.
Ting product shows continued growth, OpenSRS takes a dip.
Domain name and mobile phone service provider Tucows continues to see growth in its Ting offering, offsetting stagnating revenues in its domain name business.
Net revenue for the third quarter of 2014 increased 9% to $38.9 million from $35.6 million for the third quarter of 2013.
Revenue from Ting increased $5.03 million, offsetting a drop of $1.79 million in its domain name business.
OpenSRS — Tucows’ wholesale domain business — saw its revenue decline $.38 million from the same quarter in 2013. Its retail operations, including Hover, improved by $.54 million. Revenue from “portfolio” fell from $4.17 million to $2.21 million. It’s important to note that benefits from withdrawing new TLD applications fall in the portfolio bucket, which skews the results.
Regardless, it’s clear that Ting is currently the growth driver for Tucows.
Net income for the third quarter of 2014 was $2.7 million, compared with $2.6 million for the same quarter of 2013.
The company also announced plans to buy back more shares in the company.
Domains stop resolving after placed in clienthold status.
The websites for two major publicly traded Chinese travel sites went down today as a result of their domain names being place in “ClientHold” status at the registrar.
Sites for $8 billion (market cap) Ctrip.com (NASDAQ: CTRP) and $0.6 billion eLong.com both were unavailable this morning United States time.
Both domain names were placed on “clienthold”, a status that tells the registry to not activate the domain in the DNS, and thus not resolve. Ctrip.com is registered at Network Solutions and eLong.com is registered at Register.com, both of which are owned by Web.com.
Web.com spokesperson John Herbkersman told Domain Name Wire, “This was a Whois issue and has been resolved with both sites.”
The clienthold status is often used for payment issues, but both ctrip.com and elong.com have a long time until they expire. A clienthold can also be placed for legal reasons.
As of around 12pm EST, it appears the clienthold on ctrip.com was removed. Here’s the whois record from DomainTools when the hold was in place:
As of 12pm EST, eLong.com’s website was still down. [Update: it’s back up.] Here’s the whois record from Network Solutions: