What We Are Expecting From Verisign’s Q3 Earnings

by Trefis Team
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VRSN
VeriSign
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Verisign (NASDAQ:VRSN), the market leader in the domain names industry, is set to release its Q3 earnings on October 26. The company’s performance fared well in the previous two quarters, showing improvements of about 2% in revenues year on year, raking in $577 million. Most of the company’s revenue was derived from the U.S. market (60% of revenues). The revenue growth is largely attributable to higher registrations and increased renewal rates of the company’s domain names. About 18.7 million new registrations were processed in the first six months of 2017, which brought the total number of .com and .net domain names in the domain name base to 144.3 million.

The company holds a prime position in the highly regulated .com and .net domain industry. We expect the renewal of the .com contract and price hikes for .com and .net domain names will continue to push the top line going forward. Additionally, VeriSign has the potential to greatly benefit from the significant growth opportunities in the Distributed Denial of Service (DDoS) security market.

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