Tempe, Arizona-based GoDaddy Inc. (GDDY) is an internet domain registrar and web hosting company that designs and develops cloud-based products and also sells e-business related software and services. Valued at a market cap of $26 billion, the company helps entrepreneurs and businesses establish and grow their digital presence by offering a wide range of tools, including domain management, website building, email hosting, and e-commerce solutions.
This web hosting company has outpaced the broader market over the past 52 weeks. Shares of GoDaddy have rallied 38.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 8.6%. However, on a YTD basis, the stock is down 7.5%, lagging behind SPX’s 3.8% drop.
