VeriSign Inc. (VRSN) continues to fare well in the market as the corporation's value continues to rise, as illustrated by the continuous growth of its stock, reaching a new 52-week high at $224.2. Decided major investments have been made, including by
Vontobel Holding Ltd and a massive influx from
Warren Buffet’s Berkshire Hathaway — a long-time holder of VeriSign stocks. A striking leadership alteration was also revealed, with
CFO George E. Kilguss III resigning from his role, and making way for his successor, marking the end of a fruitful 14-year era. Despite the leadership shake-up, Q4 earnings reported by VeriSign were in line with expectations suggesting steady revenue growth. Furthermore, Citi has shown significant faith in VeriSign Inc. raising the stock price target to $260. Their current monopoly in the domain registry department contributes to their stability indicating a profitable prospect for investors. However, there are some investors who found themselves at a loss, having invested three years ago.
Verisign VRSN News Analytics from Wed, 18 Sep 2024 07:00:00 GMT to Sat, 15 Feb 2025 17:19:54 GMT -
Rating 8
- Innovation 2
- Information 7
- Rumor -4
