Stock Data
$0.00 (0.00%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SOFTWARE - INFRASTRUCTURE
Verisign Inc is a key player in the internet infrastructure sector, specializing in domain name registry services. It ensures the security and stability of the internet by managing the .com and .net domains, crucial for global e-commerce. Verisign also operates two of the thirteen root servers that are fundamental for internet navigation, alongside offering services for other domains like .name and .cc. Founded in 1995 and based in Reston, Virginia, Verisign plays a pivotal role in enabling smooth internet operations worldwide.
VeriSign beat expectations on both earnings and revenue while raising full-year guidance, with its .com and .net registry base growing 5.1% to 179.1 million names and new domain registrations jumping to 12.7 million from 10.4 million a year ago. The pending .web top-level domain delegation opens a new monetization channel the company plans to launch through its registrar network later this year.
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