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Fly News Breaks for October 1, 2019
VRSN, WIX, GDDY
Oct 1, 2019 | 11:25 EDT
JPMorgan analyst Sterling Auty lowered net domain name additions for VeriSign (VRSN) to 1.27M from 1.62M based on data from its website, and noted this was the "first noticeable shortfall in quite some time." He said that website naming and building are cyclical in nature and added that this shortfall could be "the first step in a trend" and will be looking for further evidence and data to see if this is a one-off or a concern for companies like GoDaddy (GDDY) and Wix.com (WIX). Auty maintained a Neutral rating on both GoDaddy and Wix.com.
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