Endurance International Group Hldgs Inc (EIGI) is Downgraded by Wells Fargo to Market Perform

Endurance International Group Hldgs Inc (EIGI) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on Aug 3, 2016.

On the company’s financial health, Endurance International Group Hldgs Inc reported $-0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.55 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.34. The company had revenue of $292.60 million for the quarter, compared to analysts expectations of $295.32 million. The company’s revenue was up 60.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Endurance International Group Hldgs Inc closed down -2.1 points or -23.33% at $6.9 with 41,37,170 shares getting traded on Tusday. Post opening the session at $7.75, the shares hit an intraday low of $6.6001 and an intraday high of $8.19 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jul 5, 2016, Timothy S Mathews (Chief Accounting Officer) sold 358 shares at $8.74 per share price. According to the SEC, on Apr 4, 2016, Ronald Lasalvia (President and COO) sold 4,195 shares at $11.22 per share price. On Apr 4, 2016, David C Bryson (Chief Legal Officer) sold 1,575 shares at $11.16 per share price, according to the Form-4 filing with the securities and exchange commission.

Endurance International Group Holdings Inc. (Endurance) is a provider of cloud-based platform solutions designed to help small and medium-sized businesses (SMBs) succeed online. Leveraging the Company’s technology platform it serves approximately 4.1 million subscribers across the globe with an integrated suite of over 150 products and services that help SMBs get online get found and grow their businesses. The products and services available on its platform include domains Website builders Web hosting email security storage site backup search engine optimization (SEO) and search engine marketing (SEM) social media services Website analytics mobile device tools and productivity and e-commerce solutions. It conducts operations in the United States Brazil India and the United Kingdom. It also has third-party contract support services assisting customers in China and Singapore.

Endurance International Group Hldgs Inc

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