VeriSign, Inc. (NASDAQ:VRSN), the trusted provider of domain name registry services, has been drawing varied opinions from market analysts. The
BNP Paribas Asset Management Holding S.A. and the
AustralianSuper Pty Ltd have reportedly sold VRSN shares, whereas both
Raymond James & Associates and the
HB Wealth Management LLC increased their stakes in the company. Despite a
15% decrease in its value, some analysts still believe that VeriSign stock will recover to its 2021 highs of around
$250. Furthermore, Warren Buffett includes VeriSign in his portfolio. The company reported
second quarter 2024 results conforming to analysts' predictions, featuring a
2.5% Y/Y rise in domain name registrations and surpassing
revenue forecasts.
Insider transactions contained
Danny Mcpherson, EVP - Engineering & CSO, and
Yehuda Buchalter, Director, selling shares of VeriSign Inc. The company attracted controversy after it was granted a
patent for connecting domain names to blockchain addresses, and following .com price hikes. Despite certain issues like
economic challenges and
decreasing demand, the company remains a valuable player in the market.
Verisign VRSN News Analytics from Mon, 06 Jun 2022 07:00:00 GMT to Sat, 31 Aug 2024 12:57:48 GMT -
Rating -1
- Innovation 2
- Information 5
- Rumor -3
