registries Rightside lowered to a sell rating by Zacks Research shares below $8

[Silentptnr]

Rightside (NASDAQ:NAME) shares are down 4% today and Zacks Research has lowered it’s rating on the stock to a sell. The shares are trading below $8 for the first time since December 22. Rightside Group, Ltd. (NASDAQ:NAME) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released...

Source and complete story:
https://www.thedomains.com/2017/02/07/rightside-lowered-sell-rating-zacks-research-shares-8/

 

[London555]

Back in Aug we ( our small fund) posted on Mike Berkins Blog that this name was headed from $12 ( at that time ) to $7ish . We got all sorts of rude comments from everyone that was long the name. If they had taken the time to read the chart or ask why we thought that they would have known that the name was topping out right there due to all indicators such as RSI MACD Money flow volume etc. IMHO this name can continue dropping from here now, unless there is a buyout, but do your own DD. No hate mail please. lol

 

[London555]

p.s NAME should bottom out at about $5 or less. We'll see.

 

[Silentptnr]

They sounded like things were going really well...

"In Q4, and for the full year of 2015, Rightside achieved strong financial results as we continued to execute on our mission of advancing the way businesses and consumers define and present themselves online. We achieved record revenue in the fourth quarter closing the full year 2015 with 11% total revenue growth and Adjusted EBITDA of $4.8 million," said Chief Executive Officer Taryn Naidu.

"Looking ahead to 2016, we are excited about our portfolio of 39 new gTLDs and the future growth opportunities as we continue to invest in market development initiatives that drive heightened awareness and growing usage for new gTLDs by consumers and businesses. We are focused on improving profitability by driving margin expansion and growth in our Registry and retail business lines and implementing cost efficiencies throughout the business," Naidu continued.

And gave these stats...

Full Year 2015 Financial Highlights
(Unless otherwise noted, all comparisons are relative to the fiscal full year 2014.)

• Registrar services revenue increased 9% to $174.0 million compared to $160.2 million.
• Registry services revenue increased to $8.4 million compared to $1.9 million.
• Aftermarket and other revenue was $32.7 million compared to $30.2 million.
• Total revenue increased 11% to a record $212.5 million compared to $191.7 million.
• Net loss was $11.3 million, compared to $1.9 million.
• Adjusted EBITDA was $4.8 million, compared to Adjusted EBITDA of ($3.1 million).
• Gain on other assets, net was $9.4 million representing fewer withdrawals of its interest in gTLD applications during the period compared to a gain of $22.1 million.

And this...

Business Outlook
For the full year ending December 31, 2016, Rightside currently expects the following:

• Total revenue of $218 million to $228 million, inclusive of $12 million to $15 million of GAAP revenue from our Registry Services Business.
• Total Adjusted EBITDA of $8 million to $11 million, inclusive of approximately $2 million of incremental discretionary marketing spend for the year.

They just need to do better with their money. Looks like too much waste...Just my personal opinion.

Source:
http://investors.rightside.co/releasedetail.cfm?releaseid=955146

Current Stock Link:
http://www.nasdaq.com/symbol/name/financials?query=income-statement

 

[London555]

They sounded like things were going really well...

"In Q4, and for the full year of 2015, Rightside achieved strong financial results as we continued to execute on our mission of advancing the way businesses and consumers define and present themselves online. We achieved record revenue in the fourth quarter closing the full year 2015 with 11% total revenue growth and Adjusted EBITDA of $4.8 million," said Chief Executive Officer Taryn Naidu.

"Looking ahead to 2016, we are excited about our portfolio of 39 new gTLDs and the future growth opportunities as we continue to invest in market development initiatives that drive heightened awareness and growing usage for new gTLDs by consumers and businesses. We are focused on improving profitability by driving margin expansion and growth in our Registry and retail business lines and implementing cost efficiencies throughout the business," Naidu continued.

And gave these stats...

Full Year 2015 Financial Highlights
(Unless otherwise noted, all comparisons are relative to the fiscal full year 2014.)

• Registrar services revenue increased 9% to $174.0 million compared to $160.2 million.
• Registry services revenue increased to $8.4 million compared to $1.9 million.
• Aftermarket and other revenue was $32.7 million compared to $30.2 million.
• Total revenue increased 11% to a record $212.5 million compared to $191.7 million.
• Net loss was $11.3 million, compared to $1.9 million.
• Adjusted EBITDA was $4.8 million, compared to Adjusted EBITDA of ($3.1 million).
• Gain on other assets, net was $9.4 million representing fewer withdrawals of its interest in gTLD applications during the period compared to a gain of $22.1 million.

And this...

Business Outlook
For the full year ending December 31, 2016, Rightside currently expects the following:

• Total revenue of $218 million to $228 million, inclusive of $12 million to $15 million of GAAP revenue from our Registry Services Business.
• Total Adjusted EBITDA of $8 million to $11 million, inclusive of approximately $2 million of incremental discretionary marketing spend for the year.

They just need to do better with their money. Looks like too much waste...Just my personal opinion.

Source:
http://investors.rightside.co/releasedetail.cfm?releaseid=955146

Current Stock Link:
http://www.nasdaq.com/symbol/name/financials?query=income-statement

Great post now go back and see if Mr Naidu was buying as he was telling the public how well the company was doing-he wasn't.

 

[Name Trader]

IMHO. They've ripped to shreds their old business model, and are now gambling on their nGTLD business. I suppose they see faster growth with this strategy. Much of their financial dealings have seemed dubious at best. And favoring only some of their top shareholders. Why would you want to sell your cash cow, eNom? It appears some of their deals were designed to repay for some bad investments in themselves. I think their was some obvious infighting amongst board members. Not a company full of discourse and harmony

 

[London555]

NAME close today at $7.88 on NO VOLUME. We'll see you at $5 unless there's a buyout.