Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
United StatesIPO:
30 January 1998Website:
http://www.verisign.comNext earnings report:
07 February 2025Last dividends:
05 May 2011Next dividends:
N/APrice
after hours | 102 min agoDividend
Analysts recommendations
Institutional Ownership
VRSN Latest News
The Q3 report indicates that revenue has increased, with high profit margins and earnings per share at $2.07. However, there has been a drop in domain name registrations, creating a mixed outlook. Even with this decline, the company maintains about 47% of the market share and is in a strong position, while management is also boosting shareholder returns through share buybacks.
VeriSign, Inc. (NASDAQ:VRSN ) Q2 2024 Earnings Conference Call July 25, 2024 4:30 PM ET Company Participants David Atchley - Vice President of Investor Relations & Corporate Treasurer Jim Bidzos - Executive Chairman, President & Chief Executive Officer George Kilguss - Executive Vice President & Chief Financial Officer Conference Call Participants Rob Oliver - Baird Ygal Arounian - Citigroup Operator Good day, everyone. Welcome to VeriSign's Second Quarter 2024 Earnings Call.
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 second quarter of 2024 closed with 362.4 million domain name registrations across all top-level domains (TLDs), unchanged compared to the first quarter of 2024. Domain name registrations increased by 5.8 million, or 1.6%, year over year. Th.
VeriSign stocks are undervalued by 20.1% and underfollowed by Wall Street analysts, indicating a potential mispricing. VeriSign boosts a monopolistic mature business model, with high operating margins and high free cash flow generation, compensating for modest growth. Despite recent stock price decline, VeriSign's risk-reward profile suggests a positive excess return of around 9.8%, with a catalyst expected after Q3 earnings report.
VeriSign stock (NASDAQ: VRSN), a domain name provider, currently trades at $175 per share, around 30% below its peak level of $255 seen in December 2021. In comparison, its industry peer – F5 Networks stock (NASDAQ: FFIV), an application security and cloud networking company, also saw its stock decline by around 30% over the same period.
VeriSign, a domain name registry services provider, has consistently high free cash flow margins and growing revenues for 16 years. Investor interest in VeriSign is low due to the focus on tech companies investing in AI and the perception of VeriSign's steady but not exciting revenue growth. VeriSign's competitive advantage lies in its management of globally recognized domains like .com, which grants trust and allows companies to operate in multiple markets.
VeriSign's (VRSN) strong first-quarter results are driven by high demand for its Internet infrastructure services.
VeriSign, an internet services company, announced a 5.5% increase in revenue for the first quarter, attributing it to a consistent demand for domain name registrations as businesses enhance their online visibility.
The latest trading day saw VeriSign (VRSN) settling at $191.42, representing a +1.1% change from its previous close.
In the closing of the recent trading day, VeriSign (VRSN) stood at $189.10, denoting a +1.07% change from the preceding trading day.
What type of business is VeriSign?
VeriSign, Inc. provides domain name registration services and network infrastructure, enabling internet navigation for many of the most recognized domain names in the world. VeriSign, Inc. was registered in 1995 and is headquartered in Reston, Virginia. The company ensures the security, stability, and resilience of internet infrastructure and services, including providing support services for the root zone, operating two of the 13 global internet root servers, as well as registration services and official authorization for top-level domains (TLDs) .com and .net, which support global e-commerce.
What sector is VeriSign in?
VeriSign is in the Technology sector
What industry is VeriSign in?
VeriSign is in the Software Infrastructure industry
What country is VeriSign from?
VeriSign is headquartered in United States
When did VeriSign go public?
VeriSign initial public offering (IPO) was on 30 January 1998
What is VeriSign website?
https://www.verisign.com
Is VeriSign in the S&P 500?
Yes, VeriSign is included in the S&P 500 index
Is VeriSign in the NASDAQ 100?
No, VeriSign is not included in the NASDAQ 100 index
Is VeriSign in the Dow Jones?
No, VeriSign is not included in the Dow Jones index
When was VeriSign the previous earnings report?
No data
When does VeriSign earnings report?
The next expected earnings date for VeriSign is 07 February 2025