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