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Market Recap 3-26-15 Neustar up 6% on Buyback News – Web.com up 3.8%

March 26, 2015 by Raymond Hackney

Market Recap 3-26-15

Big day for Neustar (NSR) the company which has been under pressure since August 2013 when it hit $55.71, has been one of the most shorted tech stocks around.

Today the company officially lost the number portability contract that Bloomberg reported made them over $3 billion since 1997.

The Federal Communications Commission voted 5-0 to reassign a five-year contract to manage more than 500 million phone numbers, a job that includes helping consumers retain their numbers when switching carriers.

“There was simply no contest” on price proposals between the companies, said FCC Commissioner Michael O’Rielly, a Republican. He said telephone companies that pay fees for numbers switching will benefit as will consumers.

Read the full story on Bloomberg

The stock finished up close to 6% on the day as they announced a $150 million share buyback.

Web.com (WWWW) was up 3.8% on the day.

Minds + Machines Group… MMX 8.25 +0.12 (1.54%)
Marchex, Inc. MCHX 4.32 -0.18 (-4.00%)
Web.com Group Inc WWWW 18.83 +0.69 (3.80%)
Rightside Group Ltd NAME 9.47 +0.14 (1.50%)
Centralnic Group PLC CNIC 30.00 -0.50 (-1.64%)
Google Inc GOOG 555.17 -3.61 (-0.65%)
Tucows Inc. (USA) TCX 19.03 +0.21 (1.12%)
Verisign, Inc. VRSN 64.92 -0.21 (-0.32%)
Neustar Inc NSR 23.23 +1.31 (5.98%)
United Internet AG UTDI 41.38* +0.07 (0.17%)
Endurance Intl. Group… EIGI 18.05 +0.01 (0.06%)

Disclaimer – Any stock price and market data provided on our website is for informational purposes only, and should not be relied upon for trading purposes. Historical and current stock price performance data is not necessarily indicative of future performance.

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Filed Under: Market Recap

About Raymond Hackney

Raymond Hackney has been involved with domain names since 1997. One of the most prolific writers in the domain industry and founder of TLDinvestors.com and 3Character.com

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