Web.com sell-off seems overdone, says JPMorgan JPMorgan says the 20% sell-off today in shares of Web.com (WWWW) looks overdone as Google (GOOG) is only launching a beta domain registry website at this time. The firm said earlier it viewed Google's new website as headline risk for the stock. JPMorgan has an Overweight rating on Web.com.
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.