VeriSign (VRSN) ended the recent trading session at $191.17, demonstrating a -0.42% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.19% for the day. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 0.54%.The internet infrastructure services provider's shares have seen a decrease of 1.3% over the last month, not keeping up with the Computer and Technology sector's gain of 2.36% and the S&P 500' ...

VeriSign (VRSN) closed the most recent trading day at $192.65, moving +0.68% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.03%. Meanwhile, the Dow gained 0.34%, and the Nasdaq, a tech-heavy index, added 1.51%.Shares of the internet infrastructure services provider have depreciated by 4.46% over the course of the past month, underperforming the Computer and Technology sector's gain of 2.52% and the S&P 500's gain of 3.21%.The investment community will be paying close atten ...

In the latest trading session, VeriSign (VRSN) closed at $195.23, marking a -0.03% move from the previous day. This move lagged the S&P 500's daily gain of 0.8%. Meanwhile, the Dow experienced a rise of 0.23%, and the technology-dominated Nasdaq saw an increase of 1.14%.Heading into today, shares of the internet infrastructure services provider had lost 2.48% over the past month, lagging the Computer and Technology sector's gain of 5.97% and the S&P 500's gain of 5.2% in that time.Analysts and investors ali ...

VeriSign (VRSN) announced that domain name registrations increased 8.9 million or 2.5% year over year across all top-level domains (TLDs) in the fourth quarter of 2023. Sequentially, domain name registrations were up 0.2% to 359.8 million.The company continues to benefit from healthy growth across .com and .net domain name registrations. For 2023, the company expects the domain name base growth rate to fall 1% to rise 1% due to continued uncertainty and weakness related to China. China-based registrar deman ...

RESTON, Va.--(BUSINESS WIRE)--VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, today announced that, according to the latest Domain Name Industry Brief Quarterly Report from DNIB.com, the fourth quarter of 2023 closed with 359.8 million domain name registrations across all top-level domains (TLDs), an increase of 0.6 million domain name registrations, or 0.2%, compared to the third quarter of 2023. Domain name registrations also increase ...

Table of Contents OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-23593 ———————— VERISIGN, INC. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ———————— FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 | Delaware | 94-3221 ...

VeriSign (VRSN) reported fourth-quarter 2023 adjusted earnings per share (EPS) of $1.92, which beat the Zacks Consensus Estimate by 4.9%. The company had reported EPS of $1.70 in the prior-year quarter.Revenues jumped 3% year over year to $380 million but missed the Zacks Consensus Estimate by 0.2%.Quarter in DetailsVRSN ended the reported quarter with 172.7 million .com and .net domain name registrations, down 0.6% year over year.The company processed 9 million new domain name registrations for .com and .n ...

Financial Data and Key Metrics Changes - In 2023, revenue grew by 4.8% year-over-year to $1.493 billion, while operating income increased by 6.1% to $1 billion [9][19] - Operating expenses totaled $492 million, up 2.2% from the previous year, resulting in an operating margin of 67% [19][20] - Free cash flow for 2023 was $808 million, with Q4 free cash flow at $199 million [23][20] - Net income for Q4 2023 was $265 million, leading to diluted earnings per share of $2.860, compared to $1.70 in Q4 2022 [21][22] Business Line Data and Key Metrics Changes - The domain base in .com and .net totaled 172.9 million, down 0.6% from 2022, with a decrease of 1.2 million names in Q4 [11][12] - New registrations in Q4 were 9 million, down from 9.7 million in the same quarter last year, and total new registrations for 2023 were 39.4 million, a decrease of 490,000 from 2022 [12][13] - The renewal rate for Q4 2023 was approximately 73.1%, slightly down from 73.3% a year ago, with a full-year renewal rate of 73.9%, below 74.2% in 2022 [12][13] Market Data and Key Metrics Changes - The decline in domain names was primarily driven by a decrease in demand from China, with a loss of 2.2 million names from China-based registrars in 2023 [14][15] - Excluding China, the domain name base grew by 1.2 million names or 0.8% during 2023 [15] - The company expects the domain name base to remain flat in 2024, with a range of negative 1% to positive 1% [16] Company Strategy and Development Direction - The company announced a price increase for .com domain names from $9.59 to $10.26 effective September 1, 2024, while maintaining competitiveness [17] - The management emphasized responsible and disciplined business management, focusing on providing secure and reliable infrastructure services [27][28] Management's Comments on Operating Environment and Future Outlook - Management noted that the challenging economic conditions and regulatory environment in China are impacting demand, making it difficult to predict future trends [31] - The company remains cautious about guidance concerning China, expecting continued negative impacts on revenue and domain base growth in 2024 [15][31] Other Important Information - The company returned $883 million to shareholders through share repurchases in 2023, with $1.12 billion remaining authorized under the current share repurchase program [10] - Operating cash flow for 2023 was $854 million, with Q4 operating cash flow at $204 million [23][20] Q&A Session Summary Question: Update on China’s regulatory environment and its impact - Management highlighted that the decline in demand from China is due to a combination of challenging economic conditions, a more stringent regulatory environment, and foreign exchange issues [31] Question: Impact of China on domain base guidance - Management indicated that the negative impact from China is expected to continue into 2024, influencing both revenue and domain name base guidance [36] Question: Update on .web domain application - Management reiterated that there are no new updates on the .web application, emphasizing confidence in the eventual outcome [38] Question: Trends in domain growth outside of China - Management noted that growth outside of China primarily came from EMEA and other segments, while the US market was slightly down [43] Question: Margin outlook and investment plans for next year - Management discussed a projected expense growth rate of about 4.6% for 2024, with ongoing investments aligned with their strategic framework [44] Question: Thoughts on GoDaddy's partnership with Ethereum Name Service - Management viewed the partnership positively, seeing it as a reinforcement of the utility of domain names and their role as stable global identifiers [46]

VeriSign (VRSN) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.83 per share. This compares to earnings of $1.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.92%. A quarter ago, it was expected that this internet infrastructure services provider would post earnings of $1.74 per share when it actually produced earnings of $1.83, delivering a surprise of 5.17%.Over the last fo ...

VeriSign (VRSN) closed the latest trading day at $200.25, indicating a +0.69% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 1.25%. Elsewhere, the Dow saw an upswing of 0.97%, while the tech-heavy Nasdaq appreciated by 1.3%.Shares of the internet infrastructure services provider witnessed a loss of 1.16% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 2.42% and the S&P 500's gain of 1.58%.Market pa ...