Tucows shares up 12% today – Domain Name Wire

Investors liked Tucows’ earnings report.

Shares in Tucows (NASDAQ:TCX) shot up 12% today to close at $59.20 after the company reported earnings yesterday afternoon.

The company’s record earnings per share and revenue were driven primarily by its acquisition of domain name reseller platform Enom earlier this year. Combined with Tucows’ OpenSRS reseller platform and retail service Hover, Tucows is now the second largest domain name registrar behind GoDaddy.

Even without Enom, the company reported strong numbers in its domain name business.

Tucows diversified into mobile and broadband service many years ago with its Ting brand and continues to be bullish on delivering local internet service as it expands to more towns.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s