Securities of IT companies are attractive assets for investors. Amid the difficult geopolitical situation, the economic crisis, and the coronavirus pandemic, such organizations in most cases remain afloat. GoDaddy shares are considered one of the promising assets in the IT sector.
GoDaddy is an American company that deals with domain registration. The world's largest hosting provider was founded in 1997. The customer base at the beginning of 2022 had more than 17 million users. GoDaddy focuses primarily on small businesses (individual entrepreneurs and small companies).
It is noteworthy that the company was going to hold an initial public offering twice. The first time it happened was in 2006, but the management decided to withdraw the application, explained to the uncertain market situation. After the second IPO filing, GDDY Stock was listed on the NYSE in April 2015. The price per security was $20. However, the original plan was to issue 23 million shares of GoDaddy stock at $17-19.
Many people know GoDaddy as a domain name registrar, which statistically numbered 82 million as of 2021. However, in the past few years, the company has expanded its list of services. The provider's customers can purchase almost all known forms of hosting.
The company has developed user-friendly interfaces for users and also offers discounts on packages. In all packages, sites are encrypted using the SSL protocol, which ensures the safety of the personal data of clients.
In September 2021, the company experienced a leak of customer information due to a hacker attack. Attackers hacked into the database, gaining access to 1.2 million user accounts in WordPress. The hackers seized email addresses, phone numbers of GoDaddy clients, encrypted SSL keys, and sFTP protocol data. The hacker attack took place in September 2021, but the problem was not discovered until November 17. GoDaddy's stock traded at $72.89 on 11/17/21 and then dropped below $67 within a week.
In February 2022, the provider announced plans to begin a $3 billion stock buyback shortly, a process planned for several years to come. The initial phase of the $750 million GoDaddy Stock buyback was planned by management in the first quarter of 2022.
In the fourth quarter of 2021, the platform posted a record quarterly revenue of more than $1 billion, a 16.6% increase over the same period last year ($873.9). Annual revenue was $3.8 billion versus $3.3 billion in 2020. The average revenue per user (ARPU) in 2021 reached $182. In 2020, that figure was $166.
Projections for the current fiscal year are quite ambitious. GoDaddy is targeting total revenue in the range of $4.14 billion to $4.16 billion, a percentage that should increase by about 9% from 2021. The company also expects unleveraged free cash flow to increase by 15% in 2022. In 2021, that metric was at $960 million.
Before the pandemic began in March 2020, GoDaddy stock was trading at $56. Within 2 months, the quote had risen to $76.
To start investing in GDDY, register on our website and open a personal DotBig account. Once you make a deposit, you can trade in real financial markets.
During the year (March 2021 to March 2022), the GDDY stock price went from $79 to $84.
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