Forecast Of The Day: Verisign’s Number Of Domain Registrations

+29.86%
Upside
171
Market
222
Trefis
VRSN: Verisign logo
VRSN
Verisign

What?

Verisign’s (NASDAQ:VRSN) Number of .com and .net domain registrations rose from around 159 million in 2019 to about 187 million in 2021. Trefis expects the metric to grow to about 208 million by 2024.

Why?

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Verisign holds a prime position in the highly regulated .com and .net domain industries. As more companies look to digitally grow their business, we expect Verisign’s business to grow as well.

So What?

However, we think that the projected growth is priced into VRSN stock. We value VRSN at about $203, roughly in line with the current market price.

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Returns Nov 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 VRSN Return -2% -23% 157%
 S&P 500 Return 2% -17% 76%
 Trefis Multi-Strategy Portfolio 3% -20% 218%

[1] Month-to-date and year-to-date as of 11/18/2022
[2] Cumulative total returns since the end of 2016

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