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GoDaddy Inc. (GDDY) designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally.
The company offers domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting and presence products, including shared Website hosting, Website hosting on virtual dedicated servers and dedicated servers, security, and cloud services and cloud applications.
It also provides Website builder, an online tool that enables customers to build Websites; online store product that allows customers to create their own standalone online store or add one to an existing Website; and search engine visibility product that helps customers get their Websites found on search sites through search engine optimization.
In addition, the company offers business application products consisting of email accounts, Microsoft Office 365, and email marketing. Shares have formed a bullish "cup and handle" and are expected to move higher. The 50-day moving average (shown in brown) is acting as a support for the stock.
The company is scheduled to report its results on May 2nd. GoDaddy reported 4th Quarter December 2018 earnings of $0.28 per share on revenue of $695.8 million. The consensus earnings estimate was $0.13 per share on revenue of $693.5 million.
The company said it expects 2019 revenue of $2.97 billion to $3.00 billion. The current consensus estimate is revenue of $2.99 billion for the year ending December 31, 2019.
Entry Point: $79.00
Stop loss: $75.00
52-Weeks Trading Range: $56.665 to $84.97
Target Price: $86.90
GDDY closed at $73.30
