Web.com (WWWW) 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.
We believe the company is feeling pressure from a slowing consumer market, which many of its customers cater to. However, the long-term still looks bright.
We therefore reiterate our Buy recommendation on WWWW with a lower six-month target price of $8.50, given growing macro economic concerns.
