(Reuters) - Activist investor Starboard Value said on Tuesday that GoDaddy Inc was
"deeply" undervalued and that the web services firm should consider a potential sale if it cannot improve its financial performance.
It said on Tuesday GoDaddy was set to miss almost every target set for the next two years at its 2022 investor day, including those for revenue and adjusted core profit growth. It pointed especially to technology and development costs, which have outpaced revenue growth over the last five years and totalled nearly $800 million last year.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Buffett Spurs Japan Activist Pioneer to Seek $2 Billion for FundWhen veteran money manager Shuhei Abe met with Warren Buffett in Tokyo earlier this year, they exchanged similar thoughts about value investing in Japan.
Lire la suite »
Buffett Spurs Sparx CEO to Seek $2 Billion for Activist Fund(Bloomberg) -- When veteran money manager Shuhei Abe met with Warren Buffett in Tokyo earlier this year, they exchanged similar thoughts about value investing in Japan.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesBoss of Failed Crypto Exchange Gets 11,000-Year Sent
Lire la suite »
Sami activist sets up camp outside Norway parliament to protest wind turbinesBy Gwladys Fouche OSLO (Reuters) - An Indigenous Sami activist set up camp outside the Norwegian parliament on Monday to protest against wind turbines ...
Lire la suite »
Brazil's inflation expected to have picked up slightly in August: Reuters pollBy Gabriel Burin (Reuters) - Brazil's inflation picked up slightly in August from July due to the finalization of a one-off discount on energy prices ...
Lire la suite »
Bond strategists stand ground, say U.S. Treasury yields have peaked: Reuters pollBy Sarupya Ganguly BENGALURU (Reuters) - The benchmark U.S. 10-year Treasury note yield has peaked in the current cycle, according to a majority of ...
Lire la suite »
Country Garden Gets Approval to Extend Six Bonds, Reuters SaysDistressed Chinese developer Country Garden Holdings Co. has gotten approval from creditors to extend repayment on six yuan bonds by three years, Reuters reported, citing two sources familiar with the matter.
Lire la suite »