Web.com (WWWW) Has Tailwinds, Thinks BWS Finanical

December 3, 2012 10:50 AM EST
Get Alerts WWWW Hot Sheet
Price: $24.72 -0.96%

Rating Summary:
    6 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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A recent Justice Department cap on dot com and dot net fees by VeriSign (Nasdaq: VRSN) bodes well for internet services company Web.com (NASDAQ: WWWW). Web.com also has favorable tailwinds related to a recent debt refinancing, and improves solutions offerings. With these factors in mind, analysts at BWS Financial think shares of Web.com (NASDAQ: WWWW) are undervalued.

"Even though earnings have been on target, and the Company's debt level has been declining, WWWW's stock continues to trade materially below our $27 target," noted analyst Hamed Khorsand.

"We believe the earnings WWWW is projected to post next year could set the stage for the stock rising, especially when cash flow is applied to reducing debt," added Khorsand.

BWS Financial has a Buy rating on Web.com Group (NASDAQ: WWWW) with a price target of $27.00.

For an analyst ratings summary and ratings history on Web.com Group click here. For more ratings news on Web.com Group click here.

Shares of Web.com Group closed at $15.11 yesterday.

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