Tag Archives: wwww

Google Website-Registration Tests Hit Web.com Stock

Google’s invite-only test of a Web domain-registration service spurred an analyst on Tuesday to downgrade rival service Web.com to neutral. Web.com (WWWW) stock slumped more than 20% in midday trading in the stock market today, near a seven-month low of 27.50, while Google (GOOGL)stock was up 1.3%. Google (GOOG) Domains is an invite-only test where users can buy domain names, create branded email addresses and host Web content on Google’s servers.

Web.com Subscribers Accelerating, Sending Stock Up

Subscriber growth at Web.com (WWWW) continued accelerating in Q1, as the company added more new users than in any previous quarter. The 50,600 new subscribers added in Q1 are “clearly indicating positive momentum,” wrote RBC Capital Markets analyst Mark Mahaney, who rates the stock as outperform, or buy. Per-share profit ex items climbed 27% to 61 cents, topping views of 58 cents, according to analysts polled by Thomson Reuters. Non-GAAP sales —

Web.com Buys Domain Auctioneer SnapNames

Internet services company Web.com (WWWW) on Monday announced that it has acquired SnapNames, a domain-name auctioneer, sending its stock lower. Web.com stock was down 2% in midday trading in the stock market today, near 35.80. Jacksonville, Fla.-based Web.com didn’t disclose the price for SnapNames. The company had been owned by Luxembourg-based KeyDrive SA Holdings. Web.com sells website-building software and services and subscriptions for small