GoDaddy gave solid third-quarter guidance and expects revenue of $468 million to $471 million for the third quarter.
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RBC Capital Markets today set a target price of 38 on the company’s stock. Also, insider Auguste Goldman sold 5,000 shares of GoDaddy stock in a transaction on Thursday, May 26th.
Analysts expected a loss of 7 cents per share on revenue of $450.5 million, according to a Thomson Reuters consensus estimate. The stock traded down to $28.13 during the day, due to lack of any buying support eventually closed down at $28.31 with a loss of -3.51% for the day.
Excluding stock-based compensation expense, amortization of debt discount and transaction costs, and amortization of purchased intangible assets, non-GAAP net income for the second quarter of 2016 was $3.5 million, or $0.05 per share.
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Without ever trading a single share of stock, without buying an option and Without ever touching a mutual friend. The firm has a 50-day moving average price of $30.50 and a 200 day moving average price of $30.57. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. Citigroup has a Neutral rating on the shares. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of GoDaddy in a report on Wednesday, May 18th. The average broker rating of 9 research analysts is 1.67, which indicates as a Buy. The Company operates domain marketplace, where its customers can find that piece of digital real estate that matches their idea. The Company delivers cloud-based products and personalized customer care. Its hosting products are shared Website hosting, Website hosting on virtual dedicated servers and dedicated servers, managed hosting, security and cloud services and cloud applications.
