Web.com (NASDAQ:WWWW) Should Return to Growth Trajectory Says FBR

Citing the inherent synergies related to their acquisition of Register.com, FBR capital sees Web.com Group (NASDAQ:WWWW) resuming its growth trend.

FBR said, "This week, we hosted investor meetings with Web.com CEO David Brown. We came away from the meetings with increased confidence in Web.com’s business and ability to achieve the synergies from its acquisition of Register.com, which should return the company to a growth trajectory. With minimal subscriber overlap (just under 10%), Register.com’s 770,000 subscribers provide a large pool of low-ARPU domain-name registration subscribers to whom Web.com can sell its high-ARPU online services (Web site, online marketing, e-commerce)."

FBR Capital maintains an "Outperform: rating on Web.com Group, which was trading at $7.75, up $0.09, or 1.17 percent, as of 2:27 PM EST. They raised their price target on them from $8 to $10 a share.