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Web.com a Real Winner
Web.com (WWWW - Snapshot Report) is a leading provider of website services for small and medium businesses (SMBs). The company uses a factory approach that it can leverage over thousands of customers.
Although the company is currently feeling a pressure from a slowing consumer market, which many of its customers cater to, the long-term outlook still looks bright.
We therefore reiterate our Buy recommendation on WWWW with a lower six-month target price of $6.50, given growing macro economic concerns.
Anita Mohata contributed to this report.
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| Market Summary | Nov 23, 2009 13:51 pm ET |
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