Is GoDaddy a Value Stock?
GoDaddy's core business is still growing, but it has meaningful growth rates for its smaller segment.
Is GoDaddy a Value Stock?
Overview
Almost every business owner with a website has heard of GoDaddy (NYSE: GDDY). It's the world's largest website registrar and generates annual recurring revenue from numerous businesses that keep their domain names. Companies only stop paying this expense when they're out of business, which makes GoDaddy's revenue predictable.
However, there is meaningful growth hidden behind the overall results, and a 35% year-to-date dip has turned the company into an underrated value stock.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
