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GoDaddy shares surge 42%, facing test between Aero growth and existing product cannibalization

Earnings Whispers ·

GDDY
GDDY Godaddy Inc
$114.73 +6.02%
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  1. 1GoDaddy shares have risen 42% since three months ago.
  2. 2GoDaddy's excess return compared to the S&P 500 was approximately 38 percentage points.
  3. 3The annual run rate for Aero bookings surged fivefold in a single quarter.

So what's the key point?

GoDaddy shares have recently risen significantly by 42 percent. As the new Aero service grows rapidly, the company is in a stage of determining whether it will replace existing products.

Source Earnings Whispers · View original ↗

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