The company is a global domain name registrar and its stock began to dive following Google's (GOOG) announcement that t has entered the domain registration industry through an invitation only beta website.
Google is working to create new domain names like .guru and .photography in order, as Google says, "to help you find a meaningful address that stands out on the web."
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Separately, TheStreet Ratings team rates WEB.COM GROUP INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate WEB.COM GROUP INC (WWWW) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet."
Highlights from the analysis by TheStreet Ratings Team goes as follows: