House broker Zeus has come out with another upgrade for domain name and online marketing services provider CentralNic (LON: CNIC) after its first quarter trading statement. Organic growth was impressive last year, and it is accelerating this year. Yet, the share price has been drifting downwards in recent weeks.
The organic growth is being supplemented by acquisitions and first quarter revenues were $156m. The growth is predominantly coming from online marketing with the domain names business providing solid growth from more predictable revenues.
In 2021, organic growth was 39%. In the 12 mont...
