On Wednesday, Shares of Godaddy Inc (NYSE:GDDY), gained 1.60% to $36.88. The 52-week range of the share price is from $28.11 – $38.00. The beta value for this stock stands at 0.00 points, while its earnings per share (EPS) was $-0.24. The company has total market capitalization of $6.17B and a total of 168.08M outstanding shares.
GoDaddy Inc. (NYSE: GDDY), the world’s leading cloud platform dedicated to small, independent ventures, declared today the launch of GoCommunities, a social impact program dedicated to equipping entrepreneurs in low-income communities with training, tools and peer networks to accelerate their ventures.
“GoCommunities flawlessly aligns with GoDaddy’s vision to completely shift the global economy toward small, independent ventures by empowering people to easily start, confidently grow and effectively run their own ventures,” said GoDaddy CEO Blake Irving. “Living and working in low-income communities should not preclude entrepreneurs from achieving their dreams. This program will give them the resources they need to be successful and turn their ideas into reality.”
GoCommunities will begin in April 2017 with programs in Cedar Rapids, Iowa, and Phoenix, Arizona, before being rolled out nationally and globally in the near future. GoDaddy will work with local nonprofit partners in each location to provide skill-building experiences, a crew of coaches and a support network so small business owners can develop the courage and confidence to pursue their ventures. GoDaddy has entirely developed and customized the training and curriculum for each community. Program participants will also be able to tap into the expertise and energy of GoDaddy’s employees to leverage the power of the Internet and strengthen their online presence through mentorship, web-service workshops and community events.
In Cedar Rapids, GoDaddy will be working with Jane Boyd Community House, a 96-year-old organization dedicated to supporting under-resourced communities. GoDaddy will work within the Cedar Rapids community to offer program participants – both established and aspiring small-business owners – unique networks of support to develop professional relationships, learn business administration skills and explore financial capital options. The program will also address barriers to entrepreneurship, counting child care, transportation and others.
“Over the years of assisting the Cedar Rapids community, we’ve observed a noteworthy need to support underserved entrepreneurs, many of whom have trouble locating the resources they need to be successful,” said Jane Boyd Executive Director Dorice Ramsey. “We’re looking forward to kicking off this program with GoDaddy to assist people turn their ideas into reality and pursue life-fulfilling ventures.”
In Phoenix, GoDaddy partnered with LISC Phoenix to work with minority-owned small businesses. The plan is to assist these small businesses develop action plans in response to the South Central Avenue light-rail expansion. In the past, light rail construction has been concerning to small business owners who were influenced by the lack of traffic in the area. Similar to the Cedar Rapids program, GoDaddy and LISC will provide one-on-one coaching, assist with business strategy and planning, in addition to connecting community members with Phoenix small business owners.
“At LISC, it’s vital to us that we support local needs. GoCommunities will be a perfect resource to serve small business owners in Phoenix and ultimately contribute to the greater good of our community,” said LISC Executive Director, Terry Benelli. “This program connects small business owners with the right knowledge and people to support their growth and success.”
Technical Analysis:
The average true range of the stock is recorded at 0.74 and the relative strength index of the stock stands 52.94. The stock price is going above to its 52-week low with 31.27% and down from its 52-week high with -2.89%.
The stock has shown weekly performance of -0.63% and monthly performance stands at -2.37%. The stock price is trading upbeat from its 200 days moving average with 8.02% and up from 50 days moving average with 1.52%.
Analyst recommendation for this stock stands at 2.30.
