Welcome to our dedicated page for Verisign news (Ticker: VRSN), a resource for investors and traders seeking the latest updates and insights on Verisign stock.
Company Overview
Verisign is a cornerstone in the global digital ecosystem, responsible for the management and maintenance of critical top-level domains such as .com and .net. By safeguarding the Domain Name System (DNS), Verisign ensures that internet navigation remains secure, reliable, and resilient. With its deep involvement in operating essential root servers and advanced DNS management, the company embodies industry keywords like 'domain registry', 'internet security', and 'DNS management' right from the start.
Core Business and Operational Excellence
At the heart of Verisign's operations is its role as the sole authorized registry for several widely recognized generic top-level domains. The company engages in processing and maintaining domain name registrations, ensuring that every transaction contributes to the seamless operation of the internet. Its core registry business is built on robust technical infrastructure and advanced security protocols, making Verisign an integral force in the digital communications landscape.
Technical Infrastructure and Security
Verisign's technical infrastructure is designed to support the constant demand for efficient internet traffic management. By operating two of the world’s root servers and managing key TLDs, the company maintains high levels of uptime and security critical for global connectivity. Its implementation of advanced security measures, including distributed denial of service (DDoS) protection and managed DNS services, reflects its commitment to protecting both websites and enterprises from evolving cyber threats.
Market Position and Industry Significance
Within a fiercely competitive digital infrastructure sector, Verisign has carved out a specialized niche. Its exclusive focus on registry services and DNS management minimizes exposure to broader market instabilities while reinforcing its central role in the foundational workings of the internet. The company’s distinct expertise in domain name management and security has established it as an indispensable entity in ensuring uninterrupted digital communications.
Competitive Landscape and Business Model
Verisign's business model centers on providing high-integrity registry services, ensuring that domain name transactions are processed with optimal efficiency and reliability. Unlike broader cybersecurity firms that may offer a wide array of services, Verisign’s specialization in domain management provides a focused approach that complements its technical capabilities. This specialization enables the company to maintain operational excellence and serve as a benchmark within its segment of digital infrastructure providers.
Key Operational Insights
The company’s operations are underscored by a commitment to meticulous DNS management and technical innovation. By maintaining the critical infrastructure that underpins the internet, Verisign not only facilitates the smooth operation of established online domains but also sets high standards in cyber resilience and infrastructure stability. Its practices, built on state-of-the-art technology and detailed operational protocols, serve as a model for secure and efficient internet management.
Understanding Verisign for Investors and Analysts
For market analysts and research-driven investors, Verisign represents a unique opportunity to understand the value of niche specialization in the digital age. The company’s unwavering focus on secure and efficient registry operations provides insights into how targeted expertise can drive industry stability. Its robust operational framework demonstrates the critical importance of maintaining secure internet infrastructure, which remains a constant in a perpetually evolving digital environment.
VeriSign (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, has scheduled its first quarter 2025 earnings teleconference for Thursday, April 24, 2025, at 4:30 p.m. (EDT).
The earnings release will be distributed at approximately 4:05 p.m. (EDT) on the same day and will be available on the company's investor website. Interested parties can access the teleconference via direct dial or listen to the live webcast through the investor relations portal.
VeriSign (NASDAQ: VRSN) announced that Executive Vice President and Chief Financial Officer George E. Kilguss III will retire effective May 31, 2025, after 13 years with the company. Following his retirement, Kilguss is expected to serve as an advisor to the company.
The company has appointed John D. Calys, currently Senior Vice President, Global Controller and Chief Accounting Officer, to succeed Kilguss as CFO. Calys, who has been with Verisign for 14 years, previously served as interim CFO during 2011 and 2012. His responsibilities have included corporate accounting, financial reporting, tax strategy, enterprise risk management, and sourcing and procurement.
VeriSign (NASDAQ: VRSN) reported global domain name registrations reached 364.3 million across all top-level domains (TLDs) in Q4 2024, showing a quarterly increase of 2.0 million (0.5%) and a year-over-year growth of 4.4 million (1.2%).
The combined .com and .net registrations totaled 169.0 million, with .com accounting for 156.3 million and .net for 12.7 million. However, these experienced a quarterly decline of 0.5 million (0.3%) and a year-over-year decrease of 3.7 million (2.1%). New .com and .net registrations reached 9.5 million in Q4 2024, up from 9.0 million in Q4 2023.
Country-code TLD registrations totaled 140.8 million, showing positive growth with a quarterly increase of 0.8 million (0.6%) and a year-over-year rise of 2.5 million (1.8%). The top ccTLDs were .cn, .de, .uk, .ru, .nl, .br, .au, .fr, .in, and .eu.
VeriSign (NASDAQ: VRSN) reported its Q4 and full-year 2024 financial results. Q4 revenue increased 3.9% to $395 million, with operating income of $264 million. Q4 net income was $191 million with diluted EPS of $2.00, compared to $265 million and $2.60 EPS in Q4 2023.
For full-year 2024, revenue grew 4.3% to $1.56 billion with operating income of $1.06 billion. Annual net income was $786 million with diluted EPS of $8.00. The company ended 2024 with $600 million in cash and equivalents, generating $903 million in operating cash flow.
The company renewed its .com Registry Agreement with ICANN through November 2030. Domain name registrations decreased 2.1% year-over-year to 169.0 million. The Q3 2024 renewal rate was 72.2%, down from 73.5% in Q3 2023. During 2024, VRSN repurchased 6.6 million shares for $1.21 billion.
VeriSign (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, has scheduled its fourth quarter and full year 2024 earnings call for Thursday, February 6, 2025, at 4:30 p.m. EST. The earnings release will be distributed around 4:05 p.m. EST on the same day.
The company will provide multiple ways to access the earnings call, including a live teleconference accessible via direct dial at (888) 676-VRSN (U.S.) or (786) 789-4797 (international). Additionally, a listen-only live webcast will be available through the company's investor relations website, with an audio archive to be made available afterward.
VeriSign reported that domain name registrations reached 362.3 million across all top-level domains (TLDs) in Q3 2024, showing a slight decrease of 0.1 million (0.05%) quarter-over-quarter but an increase of 3.0 million (0.8%) year-over-year. The .com and .net domains totaled 169.6 million registrations, declining by 1.1 million (0.6%) from Q2 2024 and 4.4 million (2.5%) year-over-year. Country-code TLDs reached 140.1 million, growing marginally by 0.1 million quarter-over-quarter and 2.0 million (1.4%) year-over-year.
Verisign (NASDAQ: VRSN) reported its Q3 2024 financial results with revenue of $391 million, up 3.8% year-over-year. Operating income reached $269 million, while net income was $201 million with diluted EPS of $2.07. The company ended Q3 with 169.6 million .com and .net domain registrations, showing a 2.5% decrease from Q3 2023. Cash, cash equivalents, and marketable securities stood at $645 million. During the quarter, Verisign repurchased 1.7 million shares for $301 million and processed 9.3 million new domain registrations. The .com and .net renewal rate was 72.7%, down from 73.4% in the same quarter last year.
VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, has announced its third quarter 2024 earnings call schedule. The call will take place on Thursday, Oct. 24, 2024, at 4:30 p.m. (EDT). The earnings news release will be distributed to wire services at approximately 4:05 p.m. (EDT) on the same day and will also be available on the company's investor relations website.
Investors can access the live teleconference call via direct dial at (888) 676-VRSN (U.S.) or (786) 789-4797 (international), using the conference ID: Verisign. Additionally, a listen-only live webcast of the earnings conference call will be available on the company's investor relations website. An audio archive of the call will be accessible for those unable to attend live.
VeriSign's Domain Name Industry Brief Quarterly Report reveals that the second quarter of 2024 closed with 362.4 million domain name registrations across all top-level domains (TLDs), unchanged from Q1 2024 but up 1.6% year-over-year. The .com and .net TLDs had a combined total of 170.6 million registrations, decreasing by 1.1% from Q1 2024 and 2.2% year-over-year. New .com and .net registrations totaled 9.2 million, down from 10.2 million in Q2 2023. Country-code TLD (ccTLD) registrations reached 140.0 million, increasing 0.3% from Q1 2024 and 2.2% year-over-year. The top ccTLDs were .cn, .de, .uk, .ru, and .nl.
VeriSign, Inc. (NASDAQ: VRSN) reported its Q2 2024 financial results, showing solid growth. Revenue increased 4.1% year-over-year to $387 million. Operating income rose to $266 million, up from $249 million in Q2 2023. Net income reached $199 million, with diluted EPS of $2.01, compared to $186 million and $1.79 in the same quarter last year.
The company ended Q2 2024 with $690 million in cash and marketable securities. Cash flow from operations was $160 million. Verisign repurchased 2.2 million shares for $388 million and received board approval for an additional $1.11 billion in share repurchases.
The domain name base decreased by 2.2% year-over-year to 170.6 million .com and .net registrations. New domain name registrations were 9.2 million, down from 10.2 million in Q2 2023. The Q1 2024 renewal rate was 74.1%, slightly lower than the previous year's 75.5%.
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