Web.com upgraded to Buy from Hold at Craig-Hallum As previously reported, Craig-Hallum upgraded Web.com to Buy from Neutral. The firm upgraded shares to reflect recent share weakness and solid fundamentals, growing free cash flow, and high recurring subscription based revenues. Price target raised to $40 from $34.
Web.com cyber breach appears limited, says JPMorgan JPMorgan analyst Sterling Auty says Web.com's cyber security breach appears limited since only 3% of the customer base is impacted. Auty added to his model $200,000 of expenses to Web.com's September quarter and $100,000 to the December quarter. He keeps a Neutral rating on the name with a $25 price target.