Web.com Subscribers Accelerating, Sending Stock Up

By | May 2, 2014

Scalper1 News

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 — Scalper1 News

Scalper1 News