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News Breaks
June 27, 2014
05:50 EDTVRSNVeriSign downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded VeriSign to Market Perform citing expectations for a slowdown in domain name growth in 2015. The firm lowered its price target range for shares to $51-$55 from $56-$60.
News For VRSN From The Last 14 Days
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November 24, 2015
08:54 EDTVRSNVeriSign says increased domain volume largely from China
VeriSign last night stated in a regulatory filing, "As noted on Verisign's third quarter earnings call on October 22, 2015, there was a higher volume of gross additions, during the third quarter, in international markets, particularly Asia. Verisign discloses the updated domain name base for the .com and .net registries at least daily on its website, This publicly available information reflects that this increased volume of domain name registrations has continued in October 2015 and in November 2015. As of November 22, 2015 Verisign's domain name base totaled 139.3 million, up 4.1 million from September 30, 2015. While there continues to be demand for domain names globally, the recent increased volume for Verisign's top level domains, as well as top level domains of other registries, during the fourth quarter is coming largely through registrars in China. In the past, Verisign has discussed many factors that affect the demand for domain names, including, but not limited to economic, social, and regulatory conditions, Internet adoption, Internet penetration, and increasing e-commerce. In addition to these factors affecting demand, Verisign is also evaluating additional potential factors unique to China that may also be responsible for the recent increased volume of new registrations in China. In no particular order, these potential factors, or combination of factors, could include, but may not be limited to, government initiatives in China to develop their online economy such as 'Internet Plus;' registry and registrar regulatory requirements; cultural influences such as the popularity of numeric domain names; increasing competition amongst Chinese registrars; potential increases in domain name investment activity; and recent capital markets volatility and access to capital in China. Verisign cannot predict if or how long this increased pace of gross additions will continue and we cannot at this time predict what the renewal rate for these domain names will be. Verisign has noted in the past that renewal rates for domain names registered in emerging markets, such as China, have historically been lower than those registered in more developed markets."
November 23, 2015
05:41 EDTVRSNVeriSign shares pricing in a lot of good news, says JPMorgan
JPMorgan analyst Sterling Auty says shares of VeriSign are pricing in a lot of good news after rallying 28% quarter-to-date. The recent surge in .com/.net names being registered is likely coming from domain name investors in China, which is not a consistent long-term source of growth, Auty tells investors in a research note titled ".Com Growth May Not Be Sustainable." He upped his price target for VeriSign shares to $84 from $74 and keeps an Underweight rating on the name.

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