Domain stocks are down sharply with the market – Domain Name Wire

All listed domain companies are down this year.

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

From the close of trading Dec. 31 through yesterday’s close, the tech-heavy NASDAQ is down 27%. The S&P 500 is down 18% and the Dow Jones 13%.

Domain name companies fall into the technology category, so you can expect them to be more distant than the broader market.

Here’s a look at how listed domain companies have fared this year, from best to worst.

NameSilo (OTC URLOF) – Down 2% – It’s hard to judge because it’s lightly traded, but it’s the big winner. Or the smallest loser.

CentralNic (AIM:CNIC) – Down 12% – The company continues to exceed expectations thanks to growing advertising revenues. That helped him beat the markets this year.

GoDaddy (NYSE: GDDY) – Down 19% – GoDaddy holds steady against the broader tech market. Growth is slowing, but the pandemic years are making it tough to compete.

Verisign (NASDAQ: VRSN) – Down 35% – Verisign’s earnings are driven by the total domain base and the price it charges for them. He continues to raise .com prices by 7% a year, but he warned that growth in the domain base this year won’t be what he previously predicted.

Tucows (NASDAQ:TCX) – Down 44% – The company’s domain business holds steady as it seeks growth in fiber and Wavelo, a backend system for telecom providers.