GoDaddy‘s (GDDY) shares have outperformed the Zacks Computer & Technology sector as well as its peers Shopify (SHOP) , BigCommerce (BIGC) and Alphabet (GOOGL) on a year-to-date (YTD) basis.While GDDY’s shares have returned 57.7%, Alphabet increased 16.9%. Shopify and BIGC registered declines of 4.9% and 39.8%, respectively, year to date. The broader sector has appreciated 20.7% over the same timeframe.GoDaddy’s robust stock price performance has been driven by its better-than-expected financial results and ...

GoDaddy (GDDY) is expanding its footprint in the digital marketing space with the launch of its all-in-one Digital Marketing product. The tool is designed to empower small business owners by simplifying and enhancing their online marketing activities. Recognizing challenges that entrepreneurs face, such as limited time, budget and expertise, GoDaddy’s new offering integrates essential tools like Search Engine Optimization (SEO), social media and email marketing into a single platform. The latest launch enab ...

“Every morning brings new potential, but if you dwell on the misfortunes of the day before, you tend to overlook tremendous opportunities.” – Harvey MackayEvery year, many stocks outperform the market. It’s easy to spot the high-flying tech stocks that are constantly hyped up by the financial media. It’s much more difficult to identify stocks that beat the market but also fly under the radar.Investors tend to overlook these companies because they’re not necessarily flashy or making news headlines. Spotting ...

Tailored solutions maximize brand awareness to attract customersTEMPE, Ariz., Aug. 20, 2024 /PRNewswire/ -- Entrepreneurs today understand the importance of marketing to stay competitive, build their brand and attract customers. However, in a recent survey, 73% of respondents said they are not confident that their current strategy is contributing to their business goals. For many, a lack of time, money, and skills make online marketing one of the biggest pain points of being a small business owner. Digital ...

For years, the tech sector has functioned as a de facto Wild West, an economic landscape thriving thanks to a clear lack of regulation. Even as industry leaders such as Mark Zuckerberg have advocated for stricter rules, until recently, few steps were taken to impose further regulatory measures. Last week, a judge handed down a historic ruling against one of Silicon Valley’s most powerful companies. According to a verdict from the U.S. District Court for the District of Columbia, Alphabet (NASDAQ:GOOGL, NASD ...

TEMPE, Ariz., Aug. 15, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) Chief Financial Officer Mark McCaffrey will participate in the Seaport Research Partners Annual Summer Investor Conference held virtually on Tuesday, August 20, 2024.GoDaddy Chief Executive Officer Aman Bhutani will present at the 2024 Citi Global Technology Conference in New York City on Wednesday, September 4, 2024, at 8:20 a.m. ET / 5:20 a.m. PT.A live audio webcast of the 2024 Citi Global Technology Conference fireside chat will be av ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Meta Platforms (META) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Meta Platforms is one of 617 individual stoc ...

Core Insights - GoDaddy (GDDY) reported second-quarter 2024 adjusted earnings of $1.10 per share, exceeding the Zacks Consensus Estimate by 2.8% and showing a year-over-year increase of 74.6% [1] - The company generated revenues of $1.12 billion, surpassing the Zacks Consensus Estimate by 0.97%, with a year-over-year growth of 7.3% on both reported and constant-currency bases [1] Revenue Breakdown - Applications & Commerce, which includes Websites + Marketing, Managed WordPress, productivity applications, and payments & commerce, generated $405.6 million, contributing 36.1% to total revenues, and increased by 15.3% year over year [2] - Core Platform, consisting of domains, aftermarket, hosting, and security, saw revenues rise to $718.9 million, contributing 63.9% to total revenues, with a year-over-year increase of 3.2% [2] - International revenues reached $357.1 million, up 4.7% year over year on both reported and constant-currency bases [2] - Total bookings amounted to $1.3 billion, reflecting an 11% year-over-year increase [2] - Average revenues per user were $210, up 5.5% year over year [2] - Total annualized recurring revenues (ARR) were $3.85 billion, up 6.5% year over year, with Applications & Commerce ARR at $1.5 billion (up 14%) and Core Platform ARR at $2.3 billion (up 2%) [2] Operating Results - Normalized EBITDA for the second quarter was $331.7 million, representing a 25.4% year-over-year increase [4] - Operating expenses totaled $468 million, down 2.3% year over year, with operating expenses as a percentage of revenues contracting by 410 basis points to 41.6% [4] - Operating income was $208.2 million, up 74.1% year over year, with an operating margin expansion of 710 basis points to 18.5% [4] Balance Sheet & Cash Flow - As of June 30, 2024, cash and cash equivalents were $444.9 million, down from $664 million as of March 31, 2024 [5] - Total debt remained unchanged at $3.9 billion [5] - Free cash flow was $323 million, slightly down from $327.4 million in the previous quarter [5] - The company repurchased 4.1 million shares of its common stock for $520.8 million during the second quarter [5] Guidance - For the third quarter of 2024, GoDaddy expects revenues between $1.13 billion and $1.15 billion, indicating a year-over-year growth of 7% at the mid-point [6] - The company anticipates Applications & Commerce revenue growth in the mid-teens and Core revenue growth in the low single digits for the third quarter [7] - The normalized EBITDA margin for the third quarter is expected to be 29% [7] - For the full year 2024, GoDaddy projects total revenues of $4.525 billion to $4.565 billion, indicating a year-over-year growth of 7% at the mid-point, with a normalized EBITDA margin of 29% [7] - The company anticipates free cash flow of at least $1.3 billion for 2024 [7] Stock Performance - GDDY currently holds a Zacks Rank 3 (Hold) and has increased by 33.2% year-to-date, outperforming the Zacks Computer & Technology sector's growth of 17.2% [7]

In the fast-paced world of investing, it’s rare to find low-cost growth stocks to buy and hold for the long term. Low-cost growth stocks are often found in sectors with high growth potential. For example, in the general tech industry or in more niche sectors like biotechnology. These stocks offer the possibility of substantial returns as the companies expand and a lower entrance fee to get on the ladder to possibly outstanding gains. However, low-cost growth stocks can come with higher risk as these compani ...

GoDaddy Inc. (NYSE:GDDY) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Christie Masoner - Vice President, Investor Relations Aman Bhutani - Chief Executive Officer Mark McCaffrey - Chief Financial Officer Conference Call Participants Josh Beck - Raymond James Trevor Young - Barclays Jian Li - Evercore Elizabeth Porter - Morgan Stanley Vikram Kesavabhotla - Baird Willow Miller - William Blair Clarke Jeffries - Piper Sandler Ygal Arounian - Citi Chris Kuntarich - UBS Naved Kh ...