Trefis Team , Contributor
Verisign‘s stock price has increased by around 40% so far in 2017, despite a comparatively marginal jump in its top line and bottom line performance, which is a testament of its prime position in the highly regulated .com and .net domain industry. Earlier in the year, Verisign renewed its .net Registry Agreement with the Internet Corporation for Assigned Names and Numbers, and will remain the sole registry operator for the .net registry for the next 6 years. As more and more companies rely on digitally growing their business, Verisign’s strong position in the domain registration market will help it grow in the near term.
We have a price estimate of $103 for Verisign is about 10% below the current market price.
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