Verisign Stock Jumps As Internet Domain Contract Provides Price Hikes [Investor's Business Daily]
VeriSign, Inc. (VRSN)
Last verisign, inc. earnings: 4/23 04:05 pm
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Source: Investors Business Daily
Related news Verisign ( VRSN ) stock soared after a federal agency granted the domain-name company rights to hike prices over the last four years of its government contract. The amended contract from the Commerce Department's National Telecommunications and Information Administration "enables Verisign to increase dot-com prices by 7% in each of the last four years of the six-year term of the dot-com registry agreement," Baird analyst Rob Oliver said in a report to clients. "Pricing on dot-com has been frozen since 2012, and these new pricing terms should be a key driver," added Oliver. He upgraded Verisign stock to outperform on Friday. Verisign stock catapulted 17.6% higher to 165.56 on the stock market today . The company also sells security services, aside from managing domain names. Verisign can begin its first round of price increases on Oct. 26, 2020. Oliver went on to say, "Beyond 2024, Verisign would only need to seek Department of Commerce approval if it wanted to change the
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VRSN
News
- Earnings are growing at VeriSign (NASDAQ:VRSN) but shareholders still don't like its prospects [Yahoo! Finance]Yahoo! Finance
- VeriSign still seen as 'powerful' free cash flow story ahead of Q1 results: Baird [Seeking Alpha]Seeking Alpha
- VeriSign, Inc. (NASDAQ: VRSN) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- VeriSign (VRSN) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- VeriSign, Inc. (NASDAQ: VRSN) had its price target lowered by analysts at Citigroup Inc. from $237.00 to $236.00. They now have a "buy" rating on the stock.MarketBeat
VRSN
Earnings
- 2/8/24 - Beat
VRSN
Sec Filings
- 4/16/24 - Form 4
- 4/12/24 - Form 4
- 4/11/24 - Form 144
- VRSN's page on the SEC website