Are down heavily with the market — Domain stocks

All publicly traded domain firms are down this year.

Picture of man in front of computer showing falling stock prices

Asset markets have been hammered this year, and most domain name firms aren’t bucking the trend.

From the close of markets on December 31 until the close yesterday, the tech-heavy NASDAQ is off 27%. The S&P 500 is down 18% and the Dow is off 13%.

Domain name firms fall into the tech category, so you can expect them to be off more than the broader market.

Here’s a look at how publicly traded domain firms are doing this year, from best to worst.

NameSilo (OTC URLOF) – Down 2% – This is a hard one to judge since it’s thinly traded, but it’s the big winner. Or smallest loser.

CentralNic (AIM:CNIC) – Down 12% – The firm keeps exceeding expectations thanks to growing advertising revenue. This has helped it beat the markets this year.

GoDaddy (NYSE: GDDY) – Down 19% – GoDaddy is holding its own relative to the overall tech market. Growth is slowing, but the pandemic years make for difficult comps.

Verisign (NASDAQ: VRSN) – Down 35% – Verisign’s profits are dictated by the total base of domains and how much it charges for them. It keeps raising .com prices 7% a year, but it warned that growth in the domain base this year won’t be what it previously expected.

Tucows (NASDAQ: TCX) – Down 44% – The firm’s domain business is holding steady as it looks for growth from fiber and Wavelo, a backend system for telco providers.

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