Investment OutlookVeriSign is viewed as a safe long-term investment with a potent free cash flow story.
Market ValuationShares are trading significantly below their five-year averages on an EV/EBITDA and PE basis, signaling an attractive risk/reward proposition.
Pricing StrategyVeriSign announced a 7% .com price increase which is expected to contribute positively to revenue growth.
Bears Say
Company PerformanceVeriSign’s domain name base fell 274K in 1Q24 as trends softened in March, led by .com.
Geopolitical ImpactConcerns about recent weakness in China, which is a significant market for Verisign.
Market DynamicsInvestors are beginning to question the preeminence of .com, which has been a cornerstone of the investment thesis.
What was Verisign’s price range in the past 12 months?
Verisign lowest share price was $182.12 and its highest was $229.66 in the past 12 months.
What is Verisign’s market cap?
Currently, no data Available
When is Verisign’s upcoming earnings report date?
Verisign’s upcoming earnings report date is Apr 25, 2024 which is in 6 days.
How were Verisign’s earnings last quarter?
Verisign released its earnings results on Feb 08, 2024. The company reported $2.6 earnings per share for the quarter, beating the consensus estimate of $1.863 by $0.737.
What happened to Verisign’s price movement after its last earnings report?
Verisign reported an EPS of $2.6 in its last earnings report, beating expectations of $1.863. Following the earnings report the stock price went down -0.741%.
Which hedge fund is a major shareholder of Verisign?
Among the largest hedge funds holding Verisign’s share is Berkshire Hathaway Inc. It holds Verisign’s shares valued at 3B.
VeriSign, Inc. provides domain name registry services and Internet infrastructure, which enables Internet navigation for many of the world's most recognized domain names. It enables the security, stability, and resiliency of key Internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 global Internet root servers, and providing registration services and authoritative resolution for the .com and .net top-level domains, which support the majority of global e-commerce. The company was founded by D. James Bidzos on April 12, 1995 and is headquartered in Reston, VA.
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