What?
Trefis expects Verisign’s (NASDAQ:VRSN) number of .com and .net domain registrations to rise steadily from 165 million in 2020 to 175 million in 2021 and 182 million in 2022.
Why?
- Down Almost 5% In The Past Week, How Quickly Could Verisign Stock Bounce Back?
- Despite Demand Growth, Profitability Woes Could Drag Verisign Stock Down 15%
- Steady Revenue Growth To Drive Verisign Stock To Fresh Highs
- Steady Revenue Growth Could Drive Verisign Stock Back To Late-2020 Highs
- Buy Verisign Stock For Further Gains
- Verisign Stock To Surge To Fresh Highs?
Verisign holds a prime position in the highly regulated .com and .net domain industry. As more companies begin to rely on growing their business online, registrations should grow.
So What?
Verisign stock is up by just about 7% this year, compared to the S&P 500 which is up 15%. However, we think the future growth is fully priced in at current levels of about $230 per share.
See Our Complete Analysis For Verisign
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