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GDDY

GoDaddy

$71.41

0.575 (0.81%)

, VRSN

VeriSign

$174.56

0.28 (0.16%)

12:40
02/13/19
02/13
12:40
02/13/19
12:40

VeriSign results may signal little booking growth for GoDaddy, say Piper Jaffray

Piper Jaffray analyst Michael Olson maintained an Overweight rating and $91 price target on GoDaddy (GDDY), but lowered this Q4 booking estimates for the company based on Verisign's (VRSN) earnings report, which showed a slight top-line miss and lower sequential net adds, leading the analyst to believe there is minimal room for quarter-over-quarter bookings growth for GoDaddy in Q4. Olson lowered his Q4 bookings est to $740M from $744M, and his revenue estimtae to $692M from $695M, but left his EPS estimate of 19c unchanged. Olson believes, however, that "continued efforts on GoDaddy's website builder and eCommerce initiatives are closing the gap with builder rivals, such as Wix."

GDDY

GoDaddy

$71.41

0.575 (0.81%)

VRSN

VeriSign

$174.56

0.28 (0.16%)

  • 20

    Feb

  • 25

    Feb

GDDY GoDaddy
$71.41

0.575 (0.81%)

11/27/18
PIPR
11/27/18
NO CHANGE
Target $91
PIPR
Overweight
'Discounted' valuation, upsell opportunity make Piper positive on GoDaddy
Piper Jaffray analyst Michael Olson views GoDaddy as undervalued relative to the market and the company's opportunity set. He expects the company will generate $4.54 of free cash flow per share in 2020 as a result of stable growth and upselling new products into its "existing, sticky base of users." The analyst remains positive on the shares with an Overweight rating and $91 price target. Olson sees the current valuation as "discounted" relative to GoDaddy's peers.
11/28/18
MSCO
11/28/18
NO CHANGE
Target $88
MSCO
Overweight
GoDaddy potential as a consolidator overlooked, says Morgan Stanley
Morgan Stanley analyst Brian Essex said GoDaddy has been the first to achieve scale in the fragmented Web Presence market and he believes the company's potential as a consolidator may be overlooked. He believes management's recently established targets of $5B in sales and 23M subscribers by 2023 look like reasonable goals with continued execution and "thoughtful" M&A, Essex stated. The analyst keeps an Overweight rating on GoDaddy and raised his price target on the stock to $88 from $85.
12/19/18
SBSH
12/19/18
INITIATION
Target $116
SBSH
Buy
Wix.com initiated with a Buy at Citi
Citi analyst Nicholas Jones started Wix.com (WIX) with a Buy rating and $116 price target. The analyst also took over coverage of GoDaddy (GDDY) with a Buy rating and $82 price target. He sees 35% upside in shares of Wix and 32% upside in GoDaddy.
01/09/19
JEFF
01/09/19
NO CHANGE
JEFF
Jefferies says be selective in Internet, cuts targets on Snap and Facebook
Jefferies analyst Brent Thill this morning cut his price targets on a handful of names in the Internet space. In a research note titled "2019 Playbook," the analyst also downgraded Booking Holdings (BKNG) and Redfin (RDFN) to Hold from Buy. Thill tells investors to selective in the space, and recommends buying Amazon.com (AMZN), Alphabet (GOOGL) and Intuit (INTU) in large cap, Match Group (MTCH), IAC (IAC) and GoDaddy (GDDY) in mid cap, and Wix.com (WIX) and Trade Desk (TTD) in small cap. He expects TripAdvisor (TRIP), Shutterstock (SSTK) and Shutterstock (EIGI) to underperform. Among his price target cuts were Buy-rated Expedia (EXPE) to $150, Buy-rated Facebook to $180, Hold-rated Snap (SNAP) to $7, Hold-rated Sonos (SONO) to $12, Hold-rated Twitter (TWTR) to $33 and Hold-rated Zillow Group (ZG) to $34.
VRSN VeriSign
$174.56

0.28 (0.16%)

11/02/18
JPMS
11/02/18
NO CHANGE
JPMS
GoDaddy, Wix.com unaffected by VeriSign agreement, says JPMorgan
VeriSign (VRSN) last night announced that it reached an agreement with the Department of Commerce that gives the company the ability to once again raise prices on .com names by 7% max each of the last four years of its new six-year agreement, JPMorgan analyst Sterling Auty tells investors in a research note. This pricing flexibility is similar to what VeriSign had prior to 2012, the analyst adds. He believes that to the extent registrars can pass any price increases through to customers, like they did the last couple of price increases pre-2012, VeriSign's agreement should be a non-event to companies like GoDaddy (GDDY) and "definitely a non-event" to Wix.com (WIX), which he notes is not a registrar. However, if pricing in domains comes under pressure, any registry price increases could have an adverse effect on registrar gross margins like GoDaddy's (GDDY), says Auty.
11/02/18
BARD
11/02/18
UPGRADE
Target $170
BARD
Outperform
VeriSign upgraded to Outperform after cooperative agreement amendment at Baird
As reported previously, Baird analyst Rob Oliver upgraded VeriSign to Outperform from Neutral following a disclosure that detailed an amendment to its cooperative agreement that grants the company the right to pursue up to 7% price increases in the last four years of its six year contract. This news removed legislative uncertainty and provides visibility going forward, said Oliver, who raised his price target to $170 from $160 on VeriSign shares.
11/02/18
11/02/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Emergent BioSolutions (EBS) upgraded to Buy from Neutral at Goldman Sachs with analyst Dana Flanders saying he sees an "underappreciated opportunity" for Emergent to expand into other verticals, highlighted by Narcan nasal spray. 2. Michael Kors (KORS) upgraded to Buy from Neutral at UBS and to Overweight from Neutral at Piper Jaffray. 3. Parker-Hannifin (PH) upgraded to Outperform from Market Perform at Wells Fargo with analyst Andrew Casey sayoing the recent selloff has created an opportunity "to get back on board the PH stock train." 4. Ingredion (INGR) upgraded to Neutral from Sell at Citi with analyst David Driscoll saying the worst is now likely behind the company's North American operations, which should resume growth in 2019 "when many of the transitory 2018 issues will be in the rear view mirror." 5. VeriSign (VRSN) upgraded to Neutral from Underweight at JPMorgan and to Outperform from Neutral at Baird. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/18/18
RBCM
12/18/18
NO CHANGE
Target $34
RBCM
Outperform
AMD addition to Nasdaq-100 a 'small near-term positive', says RBC Capital
RBC Capital analyst Mitch Steves notes the addition of AMD (AMD) to the Nasdaq-100 index announced late on Friday, which also contained the inclusion of lululemon (LULU), NetApp (NTAP), United Continental Holdings (UAL), VeriSign (VRSN) and Willis Towers Watson (WLTW) and the subtraction of Express Scripts Holding (ESRX), Hologic (HOLX), Qurate Retail (QRTEA), Shire (SHPG), Seagate Technology (STX) and Vodafone Plc (VOD). The analyst believes that the change - which will become effective before the market open on December 24th - could act as a "small near-term positive" for AMD shares, even though it does not change its fundamentals. Longer term, the analyst keeps his Outperform rating and $34 price target on AMD, but warns that the company is faced with a crypto currency downdraft in the Gaming segment and that he is also cautious on the hyperscale spending trends next year which he estimates in the low single digits. Steves adds that the notable investor debate is also taking place around the AMD server average selling prices, which he sees coming in around $5,400 - the higher end of the more bullish forecasts of $5K-$6K vs. the bears' estimate around $4K.

TODAY'S FREE FLY STORIES

F

Ford

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0.115 (1.37%)

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GM

General Motors

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, VLKAY

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VLKAY

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$0.00

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F

Ford

$8.54

0.115 (1.37%)

FCAU

Fiat Chrysler

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HMC

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TM

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$121.15

1.941 (1.63%)

DDAIF

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FB

Facebook

$162.54

-1.4 (-0.85%)

18:10
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Facebook says 'open to meaningful regulation,' Reuters reports »

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BABA

Alibaba

$166.07

-2.31 (-1.37%)

18:06
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Alibaba unit behind app for Communist Party news content, Reuters says »

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FB

Facebook

$162.54

-1.4 (-0.85%)

18:01
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Earnings
Facebook targeted in scathing report by British Parliament, NY Times reports »

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PZZA

Papa John's

$45.28

1.71 (3.92%)

17:56
02/18/19
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17:56
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Papa John's founder welcomes hedge fund Starboard, Reuters reports »

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GM

General Motors

$39.10

0.21 (0.54%)

, VLKAY

Volkswagen

$0.00

(0.00%)

17:53
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Periodicals
Auto industry lining up against possible tariffs, Reuters reports »

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GM

General Motors

$39.10

0.21 (0.54%)

VLKAY

Volkswagen

$0.00

(0.00%)

NSANY

Nissan

$0.00

(0.00%)

F

Ford

$8.54

0.115 (1.37%)

FCAU

Fiat Chrysler

$14.75

0.09 (0.61%)

HMC

Honda

$27.35

0.04 (0.15%)

TM

Toyota

$121.15

1.941 (1.63%)

DDAIF

Daimler AG

$0.00

(0.00%)

03/08/13
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DOOR

Masonite

$57.31

-0.07 (-0.12%)

17:41
02/18/19
02/18
17:41
02/18/19
17:41
Earnings
Masonite reports Q4 adjusted EPS 68c, consensus 80c »

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  • 19

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LECO

Lincoln Electric

$88.48

1.27 (1.46%)

17:34
02/18/19
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17:34
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Hot Stocks
Lincoln Electric Board declares quarterly dividend of 47c per common share »

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RIG

Transocean

$8.93

0.395 (4.63%)

17:28
02/18/19
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17:28
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17:28
Earnings
Transocean reports Q4 EPS (34c), consensus (24c) »

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CLR

Continental Resources

$46.94

1.8 (3.99%)

17:14
02/18/19
02/18
17:14
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17:14
Earnings
Continental Resources reports Q4 adjusted 54c, consensus 62c »

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SPN

Superior Energy

$4.43

0.165 (3.87%)

16:53
02/18/19
02/18
16:53
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16:53
Earnings
Superior Energy reports Q4 EPS ($4.85), may not compare consensus (0.28c) »

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MSG

Madison Square Garden

$291.37

0.85 (0.29%)

16:46
02/18/19
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MSG denies Knicks sale talks after Bill Simmons claims otherwise »

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WIN

Windstream

$3.37

0.2 (6.31%)

16:45
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Windstream postpones release of Q4, FY18 financial results »

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UFPI

Universal Forest

$32.22

0.36 (1.13%)

16:43
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Universal Forest signs agreement to acquire Wolverine Wood Products »

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  • 21

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SCI

Service Corp.

$45.96

0.56 (1.23%)

16:36
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Earnings
Breaking Earnings news story on Service Corp. »

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SCI

Service Corp.

$45.96

0.56 (1.23%)

16:34
02/18/19
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Earnings
Service Corp. reports Q4 adjusted EPS 54c, consensus 56c »

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APY

Apergy

$36.84

0.92 (2.56%)

16:27
02/18/19
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Earnings
Apergy reports Q4 adjusted EPS 36c, consensus 33c »

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NAVI

Navient

$11.75

0.12 (1.03%)

16:20
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Navient rejects highly conditional unsolicited 'expression of interest' »

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SLCA

U.S. Silica

$14.41

-0.005 (-0.03%)

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JBHT

J.B. Hunt

$113.78

1.66 (1.48%)

16:12
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CAT

Caterpillar

$136.21

3.575 (2.70%)

16:10
02/18/19
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Hot Stocks
Caterpillar announces several officer moves »

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CUB

Cubic

$60.35

2.995 (5.22%)

16:07
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Cubic announces semiannual dividend of 13.5c per share »

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HMC

Honda

$27.35

0.04 (0.15%)

13:11
02/18/19
02/18
13:11
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13:11
Periodicals
Honda plan to close U.K. plant not due to Brexit, Reuters reports »

Honda plans to shut its…

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HMC

Honda

$27.35

0.04 (0.15%)

13:07
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02/18
13:07
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13:07
Periodicals
Honda to close U.K. car plant in 2022, Reuters reports »

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