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Market Recap 5-1-15 Web.com Soars on Better Than Expected Earnings – Stock up 14.6%

May 1, 2015 by Raymond Hackney

Market Recap 5-1-15

Strong day across the board, the big winner was Web.com (WWWW) up 14.6%. Motley Fool reported:

What: Shares of Web.com (NASDAQ: WWWW  ) surged on Friday after the company reported first-quarter earnings that beat analyst expectations. Up as much as 24% soon after the market opened on Friday, the stock had settled down a bit by noon, up about 16% at that time.

So what: Web.com reported revenue of $137.69 million for the quarter, down 2.5% year-over-year, but $2 million better than what analysts were expecting. While the total number of subscribers to the company’s services rose slightly during the quarter, the average revenue per user declined sequentially by about 2.3%.

Rightside (NAME) bounced back up 7.25% after being down close to 10% Thursday, they report earnings next week. Tucows (TCX) was up 1.8% and Go Daddy (GDDY) was up 3.5%

Minds + Machines Group… MMX 8.50 -0.12 (-1.45%)
Marchex, Inc. MCHX 4.27 +0.02 (0.47%)
Web.com Group Inc WWWW 21.06 +2.69 (14.64%)
Rightside Group Ltd NAME 8.73 +0.59 (7.25%)
Centralnic Group PLC CNIC 33.70 +0.20 (0.60%)
Google Inc GOOG 537.90 +0.56 (0.10%)
Tucows Inc. (USA) TCX 18.02 +0.32 (1.81%)
Verisign, Inc. VRSN 64.15 +0.64 (1.01%)
Neustar Inc NSR 30.10 +0.10 (0.33%)
United Internet AG UTDI 40.17* -0.02 (-0.05%)
Endurance Intl. Group… EIGI 19.18 +0.84 (4.58%)
Godaddy Inc GDDY 25.96 +0.89 (3.55%)

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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