GoDaddy CEO Aman Bhutani joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss the company's 'Venture Forward study', and the impact of coronavirus on small businesses.

GoDaddy (GDDY) reports solid first-quarter revenues driven by strong product demand and efficient execution.

GoDaddy (GDDY), the world’s largest domain name registrar, has reported a solid first quarter earnings beat with Q1 GAAP EPS of $0.24 topping Street expectations by $0.07. Revenue of $792M represented +11.5% year-over-year growth and beat by $2.2M. Shares popped 6.4% in after-hours trading on Wednesday.“GoDaddy delivered strong results in the first quarter,” commented CEO Aman Bhutani. “In this time of uncertainty for small businesses, we are laser-focused on innovating for our customers, as their digital presence is now more important than ever.”Looking forward, Q2 Revenue guide of $790M was largely in-line with the Street- despite GDDY facing softer demand for higher- priced products and a negative impact of productivity of their sales force due to work-from-home conditions.Nonetheless RBC Capital Mark Mahaney is impressed, writing “All in, Q1 fundamental trends were positive, with Revenue growth decelerating ~70bps and uFCF margin improving ~160bps Y/Y to Record High 29.6%.”GoDaddy- which offers web hosting as well as domain names- is joining a limited list of companies that is seeing positive benefits in this current environment as renewal rates continue to edge up year-over-year, says Mahaney. Indeed, the company “is seeing a notable uptick in April demand, esp. in Germany and Italy where gross customer additions have accelerated to +80% year-over-year.”“In fact, GDDY’s 2020 April cohort is the strongest April they’ve ever had… Yet another data point confirming the shift to Online is accelerating. And GDDY appears to be emerging a Structural Winner” cheers the RBC analyst.Given these figures, Mahaney believes GDDY remains on track for his target of $4B in Revenue and $1.1B in unlevered FCF by 2022. On May 7 he reiterated his buy rating while boosting the price target from $71 to $81.Overall the Street’s average price target works out at $79. With only a marginal year-to-date rally of 3%, the average price target indicates upside potential of 13%. Most notably all ten analysts covering the stock rate GDDY a ‘buy’ giving it its Strong Buy Street consensus. (See GoDaddy stock analysis on TipRanks).Related News: Twilio Jumps 25% in After-Hours Trading on 57% Surprise Sales Leap Lyft Spikes 15% in After-Hours Trading Lifted by Quarterly Sales Win Microsoft Reveals 4 New Surface Products Including Release Date For $199 Earbuds More recent articles from Smarter Analyst: * Nike Warns Virus Store Closures To Have “Material Impact” On Q4 * Chipotle Expands With Uber Eats in Canada; Shares Pop as Piper Sandler Raises PT * Delta Air Lines to Stop Flying Boeing’s 777 Aircraft to Cut Costs * Fiat Chrysler Shares Decline on Dividend Payout Withdrawal

GoDaddy Inc. (NYSE: GDDY), the company that empowers everyday entrepreneurs, today announced that over 30 brands, including American Express, Nextdoor, PayPal, Salesforce, and Slack, have joined the company's growing OpenWeStand movement. These companies are contributing resources, tools and insights to help sustain entrepreneurs and the small and microbusinesses they operate during this challenging time.

The San Jose business brought in Intuit and GoDaddy veteran Barry Saik as CEO in December, cut nearly half of its workforce and shortened its name to one word from two.

GoDaddy (GDDY) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Ladies and gentlemen, thank you for standing by, and welcome to the GoDaddy First Quarter 2020 Earnings Conference Call. Good afternoon and thank you for joining us for Godaddy's first quarter 2020. With me today are Aman Bhutani, Chief Executive Officer; and Ray Winborne, Chief Financial Officer.

GoDaddy Inc. (NYSE: GDDY), the company that empowers everyday entrepreneurs, today announced that GoDaddy CEO Aman Bhutani will present at the 48th Annual J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 12, 2020 at 11:20 a.m. EDT.

Greenbits, the nation's largest cannabis retail platform, announced today that it has raised $23 million in its Series B financing round. Coming at a time of economic uncertainty, the investment reinforces Greenbits's position as the leading technology company in the legal cannabis industry.

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider GoDaddy (GDDY).

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into GoDaddy Inc. (NYSE: GDDY).

A Relative Strength Rating upgrade for GoDaddy shows improving technical performance. Will it continue?

GoDaddy (GDDY) delivered earnings and revenue surprises of 26.32% and 0.23%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Scottsdale-based GoDaddy Inc. has publicly pledged not to lay off employees for at least 90 days as part of its new campaign to help small businesses keep working during the trying times of the COVID-19 pandemic. As part of the movement, GoDaddy (NYSE: GDDY) said in its April 15 announcement that it has signed a corporate pledge committing not to lay off employees for at least 90 days so they “can continue to help customers while feeling safe,” according to an announcement. The company also said it will use its purchasing power to help small businesses whenever possible.

Q1 2020 GoDaddy Inc Earnings Call

What happened GoDaddy (NYSE: GDDY) shares outperformed a strong market last month, gaining 22% compared to the 13% increase of the S&P 500, according to data provided by S&P Global Market Intelligence.

Small businesses haven't yet stopped paying GoDaddy to host their websites during the coronavirus, CEO Aman Bhutani explains. That makes sense.

GoDaddy (GDDY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.