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Domain stocks are down heavily with the market

All publicly traded domain companies are down this year.

Picture of man in front of computer showing falling stock prices

Asset markets have been hammered this year, and most domain name companies aren’t bucking the trend.

From the close of markets on December 31 until the close yesterday, the tech-heavy NASDAQ is off 27%. The S&P 500 is down 18% and the Dow is off 13%.

Domain name companies fall into the tech category, so you can expect them to be off more than the broader market.

Here’s a look at how publicly traded domain companies are doing this year, from best to worst.

NameSilo (OTC URLOF) – Down 2% – This is a hard one to judge because it’s thinly traded, but it’s the big winner. Or smallest loser.

CentralNic (AIM:CNIC) – Down 12% – The company keeps exceeding expectations thanks to growing advertising revenue. This has helped it beat the markets this year.

GoDaddy (NYSE: GDDY) – Down 19% – GoDaddy is holding its own relative to the overall tech market. Growth is slowing, but the pandemic years make for difficult comps.

Verisign (NASDAQ: VRSN) – Down 35% – Verisign’s profits are dictated by the total base of domains and how much it charges for them. It keeps raising .com prices 7% a year, but it warned that growth in the domain base this year won’t be what it previously expected.

Tucows (NASDAQ: TCX) – Down 44% – The company’s domain business is holding steady as it looks for growth from fiber and Wavelo, a backend system for telco providers.

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  1. rubensk

    Being in the domain area doesn’t mean that people should buy domain stocks. Whatever invest strategy one follows, it should be sector-agnostic to try achieving the desired outcomes. It could even be domain stocks, but not due to a perception of familiarity.

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