What To Expect From Verisign’s Q1 Earnings
Verisign (NASDAQ:VRSN) had a decent performance in 2017, with revenue of nearly $1.2 billion, an increase of nearly 2% year-on-year, primarily due to an increase in revenues from the operation of the registries for the .com and .net TLDs. This was driven by a 3% increase in the domain name base for .com, as well as an increase in .net domain name registration fees. We expect the company to report another strong set of quarterly results on April 26. We have also created an interactive dashboard where you can change the company’s expected revenue, margins, and other key drivers to gauge how they would impact expected earnings for the year.
In 2017, domain name registrations for .com and .net together grew 3% year over year to around 146.4 million. VeriSign processed 36.6 million new domain name registrations for .com and .net, driven by the internet adoption rate, economic activity globally, e-commerce activity, and registrar go-to-market strategies. 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 to continue to boost 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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