|WWWW stock hit by Citigroup downgrade (source: google.com)|
See also: Domain Name Registrar Network Solutions Settles FTC Charges
More info: Web.com Group Stock Rating Lowered by Citigroup Inc. (WWWW) and
UPDATE: Citi Cuts Web.com To Hold, No Justification For Premium Multiple - Tech Trader Daily - Barrons.com: from the Citigroup note: "Through the next few quarters better renewals in the core .COM/.NET domain business from TTM should help, but we worry that weaker recent domain trends coupled with a growing gTLD renewal base that came in via promotional pricing could reverse momentum."
UPDATE: see also New gTLD XYZ Domain Name Registrations Net LOSS Now 114935