VeriSign recent slowdown a modest negative, says Wells Fargo Wells Fargo reported that as of this morning, the .com and .net zone files showed that VeriSign was running 128.887MM .com and .net domains. The firm says that this was in-line with its expectations, but adds that the company's run rate slowed going into the end of the quarter. It views the slowdown as a modest negative for the company and keeps a Market Perform rating on the shares.
VeriSign downgraded to Underperform from Neutral at Credit Suisse Credit Suisse downgraded VeriSign to Underperform due to relative valuation, expectations for slowing operating profit and EPS growth, and near-term risk to domain name growth. Price target remains $47.50.
VeriSign downgraded to Underweight from Neutral at JPMorgan JPMorgan downgraded VeriSign to Underweight saying new generic Top Level Domains are cannibalizing growth in .com. The firm sees a lack of near-term catalysts and keeps a $57.50 price target for shares.