GoDaddy Inc.GDDY yesterday announced expansion of its security product portfolio following the addition of two new offerings, developed leveraging its partnership with SiteLock.
The new security features include TrueShield Web Application Firewall (WAF) and TrueSpeed Content Delivery Network (CDN) that GoDaddy claims to provide impressive results when it comes to website protection and performance.
The Offerings in Detail
TrueShield is an advanced, cloud-based WAF that ensures protection from malicious website traffic including cross site scripting, SQL injections, spam comments and backdoor access. This WAF assesses traffic based on its source, behavior and the information it seeks to prevent cyber-attacks.
The TrueSpeed CDN offers protection and performance simultaneously. It reduces loading time and provides additional safety in case of a server overload. This in turn improves SEO ranking, reduces bounce rates and keeps visitors longer on a particular site.
GODADDY INC-A Net Income (Quarterly)
The launch makes sense as cybercrime is increasingly become a concern. With more and more systems getting automated, both big and small businesses are increasingly becoming vulnerable to cyber-attacks. The new features will offer a simple and cost efficient mode of safeguarding online assets.
Shares of GoDaddy have been steadily treading higher on a year-to-date basis. The stock generated a return of 8.36% compared with the Zacks Internet Services- Delivery industry loss of 9.81%.
GoDaddy is engaged in the designing and development of cloud-based technology products for small businesses, web design professionals and individuals. The company's industry peers include big names such as MakeMyTrip, CafePress and GrubHub.
Zacks Rank & Other Picks
Currently, GoDaddy has a Zacks Rank #3 (Hold). Better-ranked stocks in the broader technology sector include NVIDIA Corporation NVDA , Kimball Electronics, Inc. KE and Control4 Corporation CTRL , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
For the current year, the consensus estimate for NVIDIA has increased 33.3% in the past 30 days. Estimates for Kimball Electronics and Control4 have gone up by 8.1% and 10%, respectively, over the same time frame.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today's most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report