With a market cap of $19 billion, GoDaddy Inc. (GDDY) is a global provider of domain registration, web hosting, and cloud-based products for small businesses, individuals, and professionals. The company operates through its Applications and Commerce and Core Platform segments, offering website-building tools, e-commerce solutions, payment services, domain products, hosting, and online security.
Shares of the Tempe, Arizona-based company have lagged behind the broader market over the past 52 weeks. GDDY stock has dipped 14.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 19.5%. Moreover, shares of GoDaddy have decreased 31.4% on a YTD basis, compared to SPX's 8.6% rise.
