Zacks, a publication that tracks the stock market and covers many public companies has downgraded shares of Verisign to a sell, partially based on the new gTLD program.
“”We believe that gTLD prospects, international expansion through IDNs and investments in intellectual properties will boost results over the long run.
“The negative impact of search engine adjustments on domain monetization and increasing operating expenses related to marketing remain the primary headwinds in the near term. ”
“Verisign (NASDAQ:VRSN) closed at $63.10 today up .29
Verisign has enjoyed a virtual monopoly for three decades and its finally coming to an end. The value of .com domain names has steadily fallen as the inventory of useful names has dwindled.
I predicted this sometimes ago and I think Verisign should strategise in order to be relevant in the new order of the World Wide Web.
Nothing will be known until Verisigns own gTLDs launch.
At that point in time most of the Talking (Empty) Heads will get a shock.
I their free advice worth more than you paid….?