Contribution from new top level domain names isn't significant, CEO says. Web.com CEO David Brown was asked about new top level domain names on yesterday's investor conference call. Brown said the company isn't doing "back flips" over the results, and ... Continue Reading16 Comments
Web.com shares drop 12% on data breach news
· Domain RegistrarsShares plummet after credit card information is stolen. It's a down start to the day for stock markets in general, but domain name and hosting company Web.com (NASDAQ: WWWW) is having a particularly bad day. Shares are trading down about $3.00 to ... Continue Reading2 Comments
Web.com breached, 93k credit card details might be compromised
· Domain RegistrarsLarge domain name registrar discloses security breach. Web.com announced today that a security breach might have disclosed credit card information of 93,000 of its customers. The company owns Network Solutions and Register.com. Although most domain ... Continue Reading7 Comments
How domain name stocks did on GoDaddy’s IPO day
· Domain RegistrarsCompetitors also get bump as GoDaddy soars. GoDaddy went public yesterday and shares immediately shot up 30%, giving the company a $4 billion market cap. In very early trading today it's up another 3%. There are a number of similar public companies ... Continue Reading3 Comments
Web.com says new TLDs hurting .com resales
· Domain RegistrarsCompany lowers guidance on weaker demand from its domain portfolio. Web.com (NASDAQ: WWWW) reported earnings yesterday and lowered its guidance for the fourth quarter. One of the reasons for lowering the guidance is that the new supply of TLDs is ... Continue Reading11 Comments
Domain stocks doing very well this year
· UncategorizedTucows more than doubles and other domain stocks also on a tear. It has been a decent year for the NASDAQ so far. But returns on domain stocks have been exceptional. Consider Tucows (TCX), which opened the year at 75 cents. It has more than doubled ... Continue Reading1 Comment