VeriSignVRSN
VRSN
About: Verisign is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains. The company operates critical internet infrastructure to support the domain name system, including operating two of the world's 13 root servers that are used to route internet traffic. In 2018, the firm sold off its Security Services business, signalling a renewed focus on the core registry business.
Employees: 908
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
30% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 66
3% more funds holding
Funds holding: 635 [Q2] → 655 (+20) [Q3]
0% more capital invested
Capital invested by funds: $16.6B [Q2] → $16.7B (+$47.9M) [Q3]
5% less repeat investments, than reductions
Existing positions increased: 226 | Existing positions reduced: 239
3.89% less ownership
Funds ownership: 93.81% [Q2] → 89.92% (-3.89%) [Q3]
13% less funds holding in top 10
Funds holding in top 10: 8 [Q2] → 7 (-1) [Q3]
36% less call options, than puts
Call options by funds: $114M | Put options by funds: $178M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$250
26%
upside
Avg. target
$250
26%
upside
High target
$250
26%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Baird Robert Oliver 0% 1-year accuracy 0 / 1 met price target | 26%upside $250 | Outperform Upgraded | 9 Dec 2024 |
Financial journalist opinion
Based on 4 articles about VRSN published over the past 30 days
Positive
24/7 Wall Street
19 hours ago
Warren Buffett Is Buying Again – But There's A Big Catch This Time
Long-time investors and Warren Buffett mavens are familiar with his quote, “His favorite holding for an S&P 500 stock is forever”, so it's not surprising to report that for all of the success and stature Berkshire Hathaway has in the investment world, 7 top companies make up almost 75% of the funds' total holdings.
Positive
Finbold
22 hours ago
Warren Buffett just loaded up on these 3 stocks
As one of the most successful investors of all time, every single move that Warren Buffett makes in the markets naturally attracts attention. The ‘Oracle of Omaha' has managed to outperform the markets on a consistent basis — and while that is a tall order, his approach is based on a surprisingly simple set of rules.
Negative
PYMNTS
3 weeks ago
Warren Accuses Verisign of Web Domain Registration Monopoly
Sen. Elizabeth Warren is calling for an antitrust investigation into the web domain registration business. The Democratic lawmaker from Massachusetts — working with Rep.
Negative
PYMNTS
3 weeks ago
Warren Accuses Verisign of Web Domain Registration Monopoly
Sen. Elizabeth Warren is calling for an antitrust investigation into the web domain registration business. The Democratic lawmaker from Massachusetts — working with Rep.
Positive
Seeking Alpha
1 month ago
VeriSign: Q3 Doesn't Make It The Right Time To Buy
The Q3 report shows revenue up, high margins, EPS $2.07, but a decrease in the number of domain name registrations which makes the picture mixed. Despite a declining DNB, it still holds roughly 47% of the market in a very stable market position. Share buybacks continue to be a given, with management increasing shareholder benefits.
Neutral
Business Wire
1 month ago
DNIB.com Reports Internet Has 362.3 Million Domain Name Registrations at the End of the Third Quarter of 2024
RESTON, Va.--(BUSINESS WIRE)--VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, today announced that, according to the latest Domain Name Industry Brief Quarterly Report from DNIB.com, the third quarter of 2024 closed with 362.3 million domain name registrations across all top-level domains (TLDs), a decrease of 0.1 million domain name registrations, or less than 0.05%, compared to the second quarter of 2024. Domain name regi.
Neutral
Seeking Alpha
1 month ago
VeriSign, Inc. (VRSN) Q3 2024 Earnings Conference Call Transcript
VeriSign, Inc. (NASDAQ:VRSN ) Q3 2024 Earnings Conference Call October 24, 2024 4:30 PM ET Company Participants David Atchley - VP of IR and Corporate Treasurer Jim Bidzos - Executive Chairman, President and CEO George Kilguss - EVP and CFO Conference Call Participants Rob Oliver - Baird Max Moore - Citi Operator Good day, everyone. Welcome to VeriSign's Third Quarter 2024 Earnings Call.
Positive
Reuters
1 month ago
VeriSign Q3 revenue rises on strong domain name demand
Internet services firm VeriSign reported a 3.8% rise in third-quarter revenue on Thursday, beating analyst expectations, driven by growing demand for domain name registration as businesses expand their online presence.
Neutral
Business Wire
1 month ago
Verisign Reports Third Quarter 2024 Results
RESTON, Va.--(BUSINESS WIRE)--VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, today reported financial results for the third quarter of 2024. VeriSign, Inc. and its subsidiaries (“Verisign”) reported revenue of $391 million for the third quarter of 2024, up 3.8 percent from the same quarter in 2023. Operating income was $269 million for the third quarter of 2024, compared to $254 million for the same quarter of 2023. Verisi.
Positive
Forbes
2 months ago
VeriSign Stock Vs. Gen Digital
Given its better prospects, we believe VeriSign stock (NASDAQ: VRSN), which provides domain name registry services and internet infrastructure, is a better pick than its industry peer, Gen Digital stock (NASDAQ: GEN), best known for its cyber safety products, including Norton, Avast, and AVG. Investors have assigned a higher valuation multiple of 12x revenues for VeriSign compared to 4.5x revenues for Gen Digital due to VeriSign's superior profitability and solid financial position.
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