Endurance International falls 12% on lower forecast
Domain name and hosting company lowers outlook for 2019. Shares of Endurance International Group (NASDAQ: EIGI) fell nearly 12% in trading yesterday after the company lowered its 2019 forecast. Shares ended the day at $5.53. GAAP revenue guidance lowered from $1.4 billion – $1.6 billion to $1.2 billion – $1.4 billion Adjusted EBITDA forecast lowered from $310 million – $330 million to $300 million – $320 million Free Cash Flow guidance lowered from $115 million…
The web hosting giant Endurance International Group (EIG) has been acquired by Clearlake Capital Group in a multi-billion-dollar deal. The owner of the famous web hosting and website builder brands like Hostgator, Domain.com, Bluehost, Constant Contact, and Resellerclub was worth about $859 million in the previous month, however, private equity firm Clearlake has consented to pay…
Green shoots at Endurance International Group? Endurance International Group (NASDAQ: EIGI) reported second-quarter earnings this morning. All major metrics for the business continue to decline as forecasted. Revenue was $278.2 million, down from $287.8 million in the same quarter last year and $280.7 million in Q1 2019. Adjusted EBITDA and…