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Top related persons:
Brendan McDermid - 1 GoDaddy - 1 Aditya Soni - 1 Zaheer Kachwala - 1 Shounak Dasgupta - 1 Devika - 1
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New York U.S GoDaddy
Top related orgs:
GoDaddy Inc - 1 New York Stock Exchange - 1 REUTERS - 1 Thomson - 1

Search resuls for: "GoDaddy Inc"


2 mentions found


☆ Starboard urges 'undervalued' GoDaddy to improve financials or explore sale
  + stars: | 2023-09-12 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Brendan McDermid/File photo Acquire Licensing RightsSept 12 (Reuters) - Activist investor Starboard Value said on Tuesday that GoDaddy Inc (GDDY.N) was "deeply" undervalued and that the web services firm should consider a potential sale if it cannot improve its financial performance. The investment firm urged GoDaddy "to be objective in assessing the prospects for significant revenue growth," while suggesting that it should improve margins by cutting down expenses. "Since late 2021, the GoDaddy management team and several directors have engaged in regular and constructive discussions with Starboard Value LP. Starboard also disclosed that the company has denied its requests for a board seat over the past 18 months. Reporting by Aditya Soni and Zaheer Kachwala; Editing by Shounak Dasgupta and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, GoDaddy, Aditya Soni, Zaheer Kachwala, Shounak Dasgupta, Devika Organizations: GoDaddy Inc, New York Stock Exchange, REUTERS, Thomson Locations: New York, U.S, GoDaddy
☆ Starboard snaps up a position in Wix, and building free cash flow may become a focal point
  + stars: | 2022-09-24 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +7 min
Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. Starboard has had a notable track record with web applications companies going back to 2004 with their 13D investment in Register.com. Starboard has extensive experience in helping companies optimize growth and margins, typically from a board level. There is one other similarity between Wix and many other Starboard activist positions. Ken Squire is the founder and president of 13D Monitor, an institutional research service on shareholder activism, and he is the founder and portfolio manager of the 13D Activist Fund, a mutual fund that invests in a portfolio of activist 13D investments.
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