…but some are beating the market.
It’s been a wild year for asset prices and stocks of domain name-related companies are no exception.
Domain companies are tech companies, so the best comparison is the NASDAQ, which is down 32% YTD through yesterday’s close. The broader markets are down about 18%.
Here’s how domain companies performed from the close at the end of last year to yesterday’s close:
NameSilo (Pnk: URLOF) down 6% – This is a very thinly traded stock
CentralNic (London: AIM) down 7% – CentralNic’s ad business is helping it grow quickly. It has been rewarded with just a slight decline in stock price this year.
GoDaddy (NYSE: GDDY) down 12% – It’s beating the market despite a double-digit stock decline and currency challenges.
Verisign (NASDAQ: VRSN) down 29% – The base of .com domain names has declined, but the company is benefitting from price hikes on each .com registered or renewed.
Tucows (NASDAQ: TCX) down 46% – Its domain business is stagnant but throws off cash. It continues to reinvest in fiber and its telco billing technology.
Clarivate (NYSE: CLVT) down 61% – This IP tech rollup won’t be on the list much longer because it’s selling its MarkMonitor domain division.
Post link: Domain stocks are having a rough year
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