Revenue Update on Rightside Group Ltd(NASDAQ:NAME)

Rightside Group Ltd(NASDAQ:NAME) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $54.04M. Analysts estimated a revenue of $55.46M. Earnings per share were $-0.13. Analysts had estimated an EPS of $-0.22.

Rightside Group Ltd (NAME) shares turned negative on Wednesdays trading session with the shares closing down -0.26 points or -2.40% at a volume of 79,634. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11. The peak price level was also seen at $11 while the days lowest was $10.28. Finally the shares closed at $10.59. The 52-week high of the shares is $12.85 while the 52-week low is $6.28. According to the latest information available, the market cap of the company is $204 M.

Several Insider Transactions has been reported to the SEC. On May 27, 2016, E David Panos (director) sold 1,013 shares at $9.05 per share price.Also, On May 20, 2016, Wayne M. Maclaurin (Chief Technology Officer) sold 2,413 shares at $8.83 per share price.On Aug 27, 2015, Richard C Spalding (director) purchased 10,000 shares at $6.89 per share price, according to the Form-4 filing with the securities and exchange commission.

Rightside Group Ltd. is a provider of domain name services that enable businesses and consumers to find establish and maintain their digital address. The Company is a registrar offering domain name registration and other related services to resellers and directly to domain name registrants. The Company provides infrastructure services through its eNom brand. The Company offers domain name registration services through its retail brands including As of December 31 2014 the Company had over 16 million domain names under management. The Company is a domain name registry through its participation in the expansion of generic Top Level Domains (gTLDs) by the Internet Corporation for Assigned Names and Numbers (ICANN). As of December 31 2014 the Company had launched 36 gTLDs in its portfolio including .NINJA .ROCKS and .SOCIAL. The Company has operations in the United States Ireland Grand Cayman Canada and Australia.

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