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Stock impact report

JPMorgan Raises VeriSign (VRSN) Target as Domain Trends Improve [Yahoo! Finance]

VeriSign, Inc. (VRSN) 
Last verisign, inc. earnings: 4/23 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.verisign.com
Company Research Source: Yahoo! Finance
On January 6, JPMorgan analyst Alexei Gogolev raised his price objective on VeriSign, Inc. (NASDAQ:VRSN) to $271 from $270. The analyst kept a Neutral rating on the stock. In a research note, he pointed to steady improvement in the .com domain business. VeriSign data shows the .com domain base reached 161M total domains as of December 31, up 3% from a year earlier. The firm said it is “encouraged” by the gradually stronger trends in .com and reflected that improvement in its model. At the same time, JPMorgan continues to view the shares as fairly valued. VeriSign operates the core infrastructure behind the .com and .net internet domains worldwide. Its primary role is managing domain name registry databases so websites reliably connect when someone types a .com or .net address. The company works under long-term agreements with groups such as the Internet Corporation for Assigned Names and Numbers and the US Department of Commerce, which set strict standards around reliability and pr Show less Read more
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