VeriSign, an Internet domain name and infrastructure company posted 2024 full year earnings in line with expectations. The stock
reached a new one-year high following an upgrade from analysts. The Q4 earnings were saw
mixed results, including revenue growth, but a challenge with a domain base. Warren Buffet's holding company, Berkshire Hathaway, increased its stake in the stock, signaling a vote of confidence. Citigroup has, in response, raised the price target for VeriSign stock to $250. VeriSign reported a
4% increase in Q4’s revenues, supported by solid demand for new domain names. Institutional investors, on the other hand, have been seen adjusting their portfolio positions with VeriSign. Chicago Partners Investment Group initiated a new position, while Ninety One UK slightly downsized. VeriSign's stock has outperformed its competitors on strong trading. The company has seen positive growth amid challenges and robust economy despite minor misses in estimates. VeriSign's stock is quite the hot pick in Warren Buffet's diversified portfolio.
Verisign VRSN News Analytics from Wed, 03 Jul 2024 07:00:00 GMT to Sat, 08 Feb 2025 12:13:01 GMT -
Rating 6
- Innovation 4
- Information 5
- Rumor -2
