Mike and I were discussing the VeriSign blog post today and the subsequent outrage in the domain investor community. Mike might be onto something though, these were his takes about the post, the disparaging language of calling some of your biggest customers "scalpers." and the long game for Verisign. The long game for VeriSign is about removing price caps, while these increases are nice, … [Read more...]
Without domain speculators VeriSign’s profit outlook would look a lot different
Reading the blog post by Jeannie McPherson VeriSign's Director of Product Management, Social Media and Mobile Applications, one has to wonder if she understands the business of domain names. Ms. McPherson doesn't like that TurnCommerce the company behind HugeDomains, DropCatch and NameBright is lobbying Congress And yet, TurnCommerce has been actively lobbying our government to freeze the … [Read more...]
Wall Street is showing Verisign a lot of love today
With the news of Verisign (NASDAQ: VRSN) getting the ok to raise prices on .com shares are taking off today. The stock is currently up close to 30 points. Here is the statement from the NTIA NTIA and Verisign have agreed to extend and modify the Cooperative Agreement. These modifications are in line with policy priorities of the Trump Administration. The changes create a new commitment … [Read more...]
Verisign reports earnings, com/net renewals were 75% in Q2
Verisign reported earnings for third quarter 2018, revenue was $306 million for the third quarter of 2018, up 4.6 percent from the same quarter in 2017. Verisign reported net income of $138 million and diluted earnings per share (diluted “EPS”) of $1.13 for the third quarter of 2018, compared to net income of $115 million and diluted EPS of $0.93 for the same quarter in 2017. The operating … [Read more...]
Domain name registrations grow by approximately 2.4%, year over year
Verisign released their Q2 2018 DOMAIN NAME INDUSTRY BRIEF. There was an increase of approximately 6.0 million domain name registrations, or 1.8 percent, compared to the first quarter of 2018 From the report: .COM AND .NET BREAKDOWN The .com and .net TLDs had a combined total of approximately 149.7 million domain name registrations in the domain name base3 at the end of the second quarter of … [Read more...]
Betting names dominate trending keywords for May
Verisign released their trending keywords for May and with the recent change in sports betting laws no surprise that Sports, Bet, and gambling made the top 10 for … [Read more...]
Verisign shares hit new high while Tucows is down 6.6%
Verisign shares hit a new high today, the high on the day was $121.61 before closing at $120.55. 120.55 +4.20 (3.61%) Range 116.23 - 121.61 52 week 81.58 - 121.61 Open 116.47 Vol / Avg. 2.32M/939,093.00 Mkt cap 11.76B P/E 32.74 Div/yield - EPS 3.68 Shares 97.59M Beta 0.92 Inst. … [Read more...]
