VeriSign Shares Should Pop At Open After CFIT Case Is Settled To Double What It Traded For After The Appeals Court Ruling

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Shares of VeriSign are poised to pop this morning after VeriSign announced they Settled the CFIT case which could have resulted in a large price reductions of .com registration and renewal prices.

Yesterday after the Market closed shares of Verisign were trading up over 5% on the news to Around $37.50

Back In June 2009, when the Federal Appellate Court ruled that the suit by CFIT could continue and move back to the trial court, shares of VeriSign plunged from $21 to $19 a share.

With today’s rise its clear that you could have about doubled your money by investing in VeriSign after the ruling.

VeriSign is tracked in our Domain Stock Index

 

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.