GDDY - Embedded Expectations Analysis - 2020 06 11
GoDaddy Inc. (GDDY:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 25.6x Uniform P/E. Even at these levels, the market has bearish expectations for the firm, and management may be concerned about their Neustar registry acquisition, employee productivity, and sales growthSpecifically, management may be exaggerating the potential of their Neustar registry business acquisition, the productivity of their Care Guides working from home, and OpenWeStand's ability to assist small business and entrepreneurs in finding and taking advantage of available offers and a global reach. In addition, they may lack confidence in their ability to maintain disciplined execution in their care and services segment, sustain new online sales growth, and reopen their customer care centers. Furthermore, they may have concerns about coronavirus's impact on international markets and their Websites + Marketing's freemium model experiment, and they may be exaggerating the benefits of vertical integration
GoDaddy is a technology provider to small businesses, web design personnel and individuals, delivering cloud-based products and personalized Customer Care. The company provides hosting, presence and business applications products and services. The company provides applications and access to relevant third party products helping them connect to their customers, manage and grow their businesses and get found online. The company has designed and developed a set of cloud-based technology products enabling its customers to establish a digital presence, connect with their customers and manage their ventures.
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