Key Developments: Web.com Group Inc (WWWW.O)

WWWW.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Web.Com Group Inc gives Q3 2014 guidance below analysts' estimates; lowers FY 2014 guidance - Conference Call
Thursday, 31 Jul 2014 05:00pm EDT 

Web.Com Group Inc:Expects Q3 2014 non-GAAP revenue in the range of $143 million to $144.5 million.Expects Q3 2014 non-GAAP net income to be in the range of $32.7 million to $33.7 million or $0.60 to $0.62 per diluted share.Says it has made a decision to discontinue the non-core national accounts revenue stream that was essentially flat since the Network Solutions acquisition and it has a much lower margin profile compared to the rest of business.Says over the past year, these accounts have totaled an average of about $5 million in revenue per quarter with a small amount of variability.Taking these two factors into consideration, it is adjusting FY 2014 revenue guidance to $576 million to $579 million.Expects FY 2014 non-GAAP net income in the about range of $133 million to $135 million, or $2.44 to $2.48 per diluted share.Q3 2014 revenue of $151.6 million, net income of $35 million and EPS of $0.64 - Thomson Reuters I/B/E/S.FY 2014 revenue of $596.7 million, net income of $138 million and EPS of $2.54 - Thomson Reuters I/B/E/S.  Full Article

Web.Com Group Inc announces acquisition of scoot
Thursday, 31 Jul 2014 04:15pm EDT 

Web.Com Group Inc:Acquired Scoot, local online directory company in the United Kingdom.  Full Article

Web.Com Group Inc gives Q2 2014 EPS guidance; revenue and net income guidance above analysts' estimates; raises FY 2014 guidance - Conference Call
Thursday, 1 May 2014 05:00pm EDT 

Web.Com Group Inc:Targets Q2 2014 non-GAAP revenue in the range of $146 million to $147.5 million.Targets Q2 2014 non-GAAP net income to be in the range of $33.4 million to $34.4 million, or $0.61 to $0.63 per diluted share.Updates FY 2014 revenue guidance upward to $593 million to $600 million, an increase from prior guidance of $585 million to $595 million.Expect FY 2014 to generate non-GAAP net income in the about range of $135.5 million to $139.5 million, or $2.49 to $2.56 per diluted share, an increase from prior guidance of $133 million to $138 million, or $2.45 to $2.54.Q2 2014 revenue of $145 million, net income of $33 million and EPS of $0.61 - Thomson Reuters I/B/E/S.FY 2014 revenue of $591 million, net income of $136 million and EPS of $2.50 - Thomson Reuters I/B/E/S.  Full Article

Web.Com Group Inc announces acquisition of SnapNames
Monday, 3 Mar 2014 09:00am EST 

Web.Com Group Inc:Acquires napNames from KeyDrive S.Am.  Full Article

Web.Com Group Inc gives FY, Q1 2014 guidance in line with analysts' estimates - Conference Call
Thursday, 6 Feb 2014 05:00pm EST 

Web.Com Group Inc:Targets FY 2014 non-GAAP revenue of $585 million to $595 million.Targets FY 2014 non-GAAP net income in the range of $133 million to $138 million, or $2.45 to $2.54 per diluted share.Targets Q1 2014 non-GAAP revenue in the range of $139.5 million to $141 million.Expects Q1 2014 expect non-GAAP net income to be in the range of $31.5 million to $32.5 million or $0.58 to $0.60 per diluted share.FY 2014 revenue of $590 million, net income of $136 million and EPS of $2.48 - Thomson Reuters I/B/E/S.Q1 2014 revenue of $141 million, net income of $31.5 million and EPS of $0.59 - Thomson Reuters I/B/E/S.  Full Article

Web.Com Group Inc Issues Q4 2013 Guidance; Earnings Guidance Above Analysts' Estimates; Raises Low End Of Prior FY 2013 Revenue Guidance; Raises FY 2013 Earnings Guidance - Conference Call
Tuesday, 5 Nov 2013 10:00pm EST 

Web.Com Group Inc announced that for the fourth quarter of 2013, it expects non-GAAP revenue in the range of $138.7 million to $139.7 million and non-GAAP net income to be in the range of $31 million to $31.5 million, or $0.57 to $0.58 per diluted share. For fiscal 2013, it is updating guidance and is adjusting revenue guidance upward to a range of $533 million to $534 million, an increase in the bottom of the range from prior guidance of $531 million to $534 million and non-GAAP net income in the approximate range of $111.1 million to $111.6 million, or $2.11 to $2.12 per diluted share, an increase from prior guidance of $105.8 million to $108.4 million, or $2.02 to $2.07. According to I/B/E/S Estimates, analysts on average were expecting the Company to report revenue of $139 million, net income of $30 million and EPS of $0.56 for the fourth quarter of 2013; revenue of $533 million, net income of $109 million and EPS of $2.07 for fiscal 2013.  Full Article

Web.Com Group Inc Issues Q3 2013 Guidance In Line With Analysts' Estimates; Raises FY 2013 Guidance-Conference Call
Thursday, 1 Aug 2013 09:00pm EDT 

Web.Com Group Inc announced that for third quarter of 2013, it expects non-GAAP revenue to be in the range of $133.5 million to $134.5 million. The Company expects non-GAAP net income to be in the range of $27.3 million to $27.8 million, or $0.51 to $0.52 per diluted share for the third quarter 0f 2013, which assumes 53.2 million diluted shares outstanding and a non-GAAP tax rate in the low single-digit percentage range. The Company updated fiscal 2013 guidance. The Company raised revenue guidance to a range of $531 million to $534 million, an increase from prior guidance of $526 million to $533 million. The Company expects the combined company to generate non-GAAP net income in the approximate range of $105.8 million to $108.4 million or $2.02 to $2.07 per diluted share, an increase from prior guidance of $102 million to $104.6 million or $2.00 to $2.05. This assumes a share count of 52.3 million and cash taxes for 2013 continuing to be in the low single-digit range. According to I/B/E/S Estimates, analysts on average were expecting the Company to report revenue of $134 million, net income of $27 million and EPS of $0.52 for third quarter of 2013; revenue of $532 million, net income of $107 million and EPS of $2.05 for fiscal 2013.  Full Article

Web.Com Group Inc Incorporates MasterPass Checkout Services
Wednesday, 26 Jun 2013 09:00am EDT 

Web.Com Group Inc announced the implementation of MasterPass, a digital wallet service that allows consumers to use any payment card or enabled device to discover enhanced shopping experiences. The new service provides Web.com's expansive network of small business merchants the ability to offer their customers a convenient and flexible way to pay via the web or on a mobile device.  Full Article

Web.Com Group Inc Issues Q2 2013 Guidance; Earnings Guidance Above Analysts' Estimates; Raises Low End Of Prior FY 2013 Revenue Guidance; Raises FY 2013 Earnings Guidance-Conference Call
Thursday, 2 May 2013 09:00pm EDT 

Web.Com Group Inc announced that for the second quarter of 2013, it expects non-GAAP revenue in the range of $130 million to $131 million and non-GAAP net income to be in the range of $24.5 million to $25.0 million or $0.48 to $0.49 per diluted share. For fiscal 2013, it is updating guidance, from a revenue perspective, the Company raising the low end of guidance by $2 million, leading to an updated revenue guidance range of $526 million to $533 million. The Company now expect the combined company to generate non-GAAP net income in the approximate range of $102 million to $104.6 million, or $2.00 to $2.05 per diluted share, an increase from prior guidance of $99.5 million to $102.5 million, or a $1.95 to $2.01 per diluted share. According to I/B/E/S Estimates, analysts on average were expecting the Company to report revenue of $131 million, net income of $24.1 million and EPS of $0.47 for the second quarter of 2013; and revenue of $530 million, net income of $101.8 million and EPS of $1.99 for fiscal 2013.  Full Article

Web.Com Group Inc Issues Q1 2013 Guidance; Net Income Guidance Above Analysts' Estimates; Issues FY 2013 Guidance; EBITDA Guidance Below Analysts' Estiamtes-Conference Call
Thursday, 7 Feb 2013 05:00pm EST 

Web.Com Group Inc announced that for the first quarter of 2013, it expects non-GAAP revenue in a range of $126.5 million to $128 million and non-GAAP net income to be in the range of $22.6 million to $23.4 million, or $0.44 to $0.46 per share. For fiscal 2013, it expects non-GAAP revenue in the range of $524 million to $533 million, adjusted EBITDA of approximately $151 million to $155 million and non-GAAP net income of $99.5 million to $102.5 million, which equates to non-GAAP EPS of $1.95 to $2.01. According to I/B/E/S Estimates, analysts on average were expecting the Company to report revenue of $128 million, net income of $22.5 million and EPS of $0.44 for the first quarter of 2013; and revenue of $529 million, net income of $100.4 million, EBITDA of $160 million and EPS of $1.96 for fiscal 2013.  Full Article

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