Warren Buffett’s investment firm,
Berkshire Hathaway, has significantly increased its stake in
Verisign, a dominant player in the internet registry market. The move sparked a rally in Verisign’s shares, pushing them to a new 52-week high. Other investment firms like
Nordea Investment Management,
Birch Capital Management, and
Pensionfund Sabic have also boosted their positions in Verisign, demonstrating market confidence in the company. However,
Douglas Lane & Associates and
JPMorgan Chase & Co. sold off their Verisign shares. Analysts are bullish on Verisign's future, predicting the stock's momentum is just starting. The firm reported Q3 earnings in line with expectations and has scheduled its
Q4 2024 results announcement. However, despite the stock hitting a 52-week high, some investors who bought Verisign shares three years ago are sitting on a 19% loss. Additionally, some analysts suggested caution, pointing to unspecified 'execution risks' ahead for Verisign. The renewal of the .com registry agreement with
ICANN is an important step for Verisign. Nonetheless, a rise in domain registration prices has boosted revenue as the number of registration continues to decrease.
Verisign VRSN News Analytics from Wed, 27 Mar 2024 02:31:07 GMT to Thu, 09 Jan 2025 12:15:00 GMT -
Rating 6
- Innovation -3
- Information 4
- Rumor 2
