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The Company is a provider of Do-It-For-Me Web services and generation products that enable small and medium-sized businesses to establish, maintain, promote and optimize their Internet presence.
WSPI Acquires Web.com Posted Tue Jul 17, 12:19 pm ETby Zacks Equity ResearchZacks senior computer & office equipment analyst Steve Biggs, CFA discusses Website Pros’ (WSPI) acquisition of Web.com, reiterating a Buy recommendation on WSPI with a $15.00 price target. Take a look at some of the commentary below that was pulled from a recent research report. “Website Pros is a leading provider of Web services for Small and Medium Businesses (SMBs). The company uses a factory approach that it can leverage over thousands of customers. Its planned acquisition of Web.com will provide it with cross-selling opportunities and provide a base of potential customers for its Do-It-For-Me services. In addition, the combination of Web.com reduces WSPI’s dependence on its largest partner, Discover. We therefore reiterate our Buy recommendation on WSPI with a $15.00 price target.“Website Pros is the leader in Website design, hosting, and marketing services for the Small and Medium Business (SMB) market. The company currently has no significant competition, as most competitors are much smaller and focus on customized solutions at higher price points. WSPI uses a factory approach that can be leveraged across a number of customers, resulting in much lower costs.“The company has strong marketing partnerships that it uses to identify small business candidates for its services. Marketing partners contribute over 90% of revenue and should continue to help WSPI drive growth into 2007.“With a strong customer base, WSPI is able to cross-sell premium products to its existing customer base. The company s acquisition of LEADS.com, an online marketing service, can help generate higher monthly revenue from existing accounts.“On June 26, 2007, Website Pros, Inc. announced that it has signed a definitive merger agreement with Web.com, Inc., a leader in providing Do-It-Yourself web services. The merger will combine Website Pros Do-It-For-Me (DIFM) and Web.com s Do-It-Yourself (DIY) web services to meet the diverse set of needs across small business customers and partners alike, thereby creating a market leader with annualized revenue of over $117 million and over 234,000 paid subscribers.”Read the analyst report on WSPI http://www.zacks.com/ZER/zer_comp_reports.php?f_ticker=WSPI&f_report_type=&f_bsh=&f_period=7&f_industry=
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