Tag Archives: pressure

by Joe Panettieri • Dec 27, 2021

Activist investor Starboard Value has amassed a 6.5% stake in GoDaddy stock, and may plan to push the the cloud computing, hosting and domain registrar company to boost its business performance, The Wall Street Journal reported.

GoDaddy’s market valuation is roughly $12.7 billion. The company has successfully extended beyond domain registration services to offer cloud and e-commerce services designed for small businesses and entrepreneurs. The evolution included acquiring Host Europe Group for roughly $1.8 billion in 2016.

GoDaddy has been particularly attentive to web developers, while also showing the WordPress content management community lots of love. The WordPress focus includes acquiring WP Curve in 2016 and Pagely in November…

Yahoo Finance’s Ines Ferre details some of the stocks on the move Friday.

Video Transcript

KARINA MITCHELL: And Ines, you’re watching Oracle, that stock rocketing today.

INES FERRE: Yeah, that’s right, up 15%, Karina, seeing new highs today after the company reported its quarterly results yesterday after the close. Its topline growth grew 6%, sending the stock higher. As you can see, revenue for its latest quarter came in at $10.36 billion, adjusted earnings per share at $1.21. And its infrastructure and application cloud business grew 22%.

Now what’s most interesting was, really, co-founder Larry Ellison on the conference call saying that he received a call from a large telecom client who told him that Oracle’s web hosting service never, ever goes down. Of course, that was a dig at Amazon…