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Web.com Group, Inc (WWWW)

- NASDAQ
  • Tue, Apr. 14, 11:00 AM
    • Citing valuation, RBC has downgraded Web.com (NASDAQ:WWWW) to Sector Perform. The firm's target is $20.
    • Though still far below a 52-week high of $36.50, the SMB Web services provider had risen 33% from a Jan. 29 low of $14.75 going into today. It rose last Wednesday amid GoDaddy's IPO.
    | 1 Comment
  • Wed, Apr. 1, 10:15 AM
    • After pricing its 22M-share IPO at $20, GoDaddy (Pending:GDDY) opened at $26.15 and is now at $26.04, up 30.2%.
    • The Web hosting/domain name service provider is valued at $3.9B, or $5B after factoring net debt. Smaller peer Web.com (WWWW +2.5%) appears to be getting a lift from GoDaddy's debut.
    • Prospectus, IPO analysis
    • Prior GoDaddy coverage
    | 12 Comments
  • Thu, Mar. 26, 3:19 PM
    • Today's notable tech gainers include ultracapacitor maker Maxwell (MXWL +4.6%), SMB Web services firm Web.com (WWWW +3.7%), health site owner WebMD (WBMD +3.7%), and RF chipmaker Anadigics (ANAD +11.3%).
    • Notable decliners include NAND flash controller/4G transceiver maker Silicon Motion (SIMO -4%), hybrid storage array vendor Nimble Storage (NMBL -3.8%), local ad services provider Dex Media (DXM -8.5%). The Nasdaq is down 0.2%.
    • Maxwell's gains come a day after the company announced an ultracapacitor-based engine start module will be offered for two new Kenworth trucks. Silicon Motion has joined a slew of other chip stocks in selling off for the second day in a row. Nimble is trading near its January lows, while Dex has made fresh 52-week lows.
    • Previously covered: Cybersecurity stocks, SolarEdge, Infinera, Accenture, SuperCom, Neustar, Textura, ASML, GoPro, SanDisk, Red Hat
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  • Wed, Feb. 18, 2:59 PM
    • Today's notable tech gainers include smart grid hardware/software provider Silver Spring (SSNI +8.9%), SMB Web services provider Web.com (WWWW +4.1%), cybersecurity software firm CyberArk (CYBR +7%), Chinese online retailers JD.com (JD +3.5%) and LightInTheBox (LITB +4.5%), cloud life sciences software firm Veeva (VEEV +4.3%), online money transfer provider Xoom (XOOM +3.7%), and video infrastructure hardware vendor Concurrent (CCUR +3.8%).
    • Notable decliners include Russian online payments leader Qiwi (QIWI -6.5%), supercomputer maker SGI (SGI -3.7%), analog/mixed-signal chipmaker MagnaChip (MX -4.6%), and cloud marketing software provider Marketo (MKTO -3.3%). The Nasdaq is close to breakeven.
    • JD.com and LightInTheBox are adding to the Tuesday gains they saw following Vipshop's big Q4 beat. MagnaChip is adding to the huge losses seen last Friday after its Q1-Q3 2014 results were finally posted. Marketo is adding to last week's post-earnings losses. CyberArk is now up 74% from its Feb. 9 close, thanks to a big Q4 beat and broader cybersecurity enthusiasm.
    • Previously covered: Angie's List, GoPro, Zillow, Garmin, Qihoo, Sonus, VirnetX, Yandex, Bitauto, Cavium
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  • Thu, Jan. 29, 1:11 PM
    • Web.com (NASDAQ:WWWW) has tumbled below $15 on volume of 776K shares (already above a 3-month average of 688K). Shares made a new 52-week low of $14.52before bouncing a little.
    • The decline comes ahead of the site design/domain name registration provider's Feb. 12 Q4 report. Shares are down 26% since Web.com provided soft Q4 guidance to go with a Q3 EPS beat on Nov. 5.
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  • Dec. 3, 2014, 5:39 PM
    • Top gainers, as of 5:15 p.m.: ARRY +24.6%. TLYS +17.5%. HE +10.2%. CSH +6.9%. AVGO +5.2%.
    • Top losers, as of 5:15 p.m.: WWWW -10.2%. ARO -7.8%. GST -7.4%. PES -6.3%. LDOS -6.2%.
    | 1 Comment
  • Nov. 6, 2014, 12:47 PM
    | Comment!
  • Nov. 6, 2014, 9:21 AM
    • Though it beat Q3 EPS estimates and posted in-line revenue, Web.com (NASDAQ:WWWW) guided on its CC (transcript) for Q4 revenue of $137M-$139M and EPS of $0.55-$0.57, below a consensus of $147.4M and $0.63. The midpoint of the revenue range assumes a $0.70 Q/Q  drop in ARPU.
    • CEO David L. Brown noted "the increased availability of [domain] names has had a near-term negative impact on domain-related revenue," primarily related to "non-core domain-related revenue such as sales of premium domain names and bulk domain sales."
    • Meanwhile, non-domain businesses (do-it-yourself websites, hosting, etc.) have been hurt by the "unintended consequences" of new marketing/bundled pricing tactics on product retention, and "the unanticipated impact of recent changes made by one of our highest-converting do-it-for-me lead generation partners" on telesales.
    • In tandem with its results/guidance, Web.com has launched a $100M buyback. After accounting for the post-earnings drop, it's good for repurchasing 12% of shares at current levels.
    • JPMorgan has downgraded Web.com to Neutral, and cut its target by $15 to $20.
    • Q3 results, PR
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  • Nov. 6, 2014, 9:14 AM
    | 2 Comments
  • Aug. 1, 2014, 12:46 PM
    | 1 Comment
  • Aug. 1, 2014, 9:15 AM
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  • Jul. 31, 2014, 6:04 PM
    • Along with its Q2 results, Web.com (NASDAQ:WWWW) announces it's buying Scoot, owner of a U.K. online directory service with 2.6M+ listings. Web.com declares the deal gives it "a foothold in the UK market as we begin to build our knowledge base and a platform to serve the international markets." Terms are undisclosed.
    • Q2 revenue was hurt by a decline in net customer adds to 38.5K from Q1's 50.6K. Total customers stood at 3.21M at quarter's end.
    • ARPU was $14.89, up $0.14 Q/Q and $0.80 Y/Y. Churn was flat Q/Q and Y/Y at 1%.
    • $35M in debt was paid down. Web.com ended Q2 with $14.6M in cash, and $527.1M in debt. The deferred revenue balance stood at $406.8M.
    • The company says it's prioritizing "resources into the areas of our business that are driving strong growth and profitability while de-emphasizing those that are lower-margin and non-core."
    • Q2 results, PR
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  • Jul. 31, 2014, 5:47 PM
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  • Jun. 24, 2014, 12:59 PM
    • Though it has been trying for years, Google has failed to kill off Yelp in the local/SMB reviews space, notes SunTrust, reiterating a Buy and $38 PT on Web.com (WWWW -19.8%) following the Google Domains launch.
    • Likewise, JPMorgan (Overweight) observes Google (with the help of partners) has been offering domain name services for some time.
    • In spite of the defenses, both Web.com and Endurance International (EIGI -9.9%) remain off sharply.
    • Worth noting: Yelp, unlike domain registration firms, is able to use its network effect to keep Google and other rivals at bay. At the same time, the domain registration market has long been intensely competitive, featuring high-profile names such as Yahoo and GoDaddy.
    • Google's pricing for Domains (still in beta) is likely responsible for some of the heartburn: The Web giant is charging $12/year per registration, and is bundling support for up to 100 e-mail addresses and sub-domains, as well as free private registration. Web.com charges $37/year per registration, and another $1.95/month for private registration.
    | Comment!
  • Jun. 24, 2014, 12:45 PM
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  • Jun. 24, 2014, 9:53 AM
    • Web.com (WWWW) and Endurance International (EIGI) are plummeting following Google's launch of a domain name registration service aimed at small businesses.
    • Meanwhile, Google launch partner Wix.com (WIX) is going in the opposite direction. The company announced this morning its registered user base has topped 50M, and that 3M+ mobile sites have been built on its platform.
    • B. Riley has cut Web.com to Neutral. Its PT is still at $40.
    • Verisign (VRSN +0.7%), which runs the domain name registries for .com, .net, and other major suffixes, is up moderately.
    | Comment!
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Company Description
Web.com Group Inc is a provider of a full line of internet services for small- to medium-sized businesses and is a domain name registrar.