Renewal Rates Bounce Back in Solid 1Q for VeriSign; Maintain $80 FVE
VeriSign reported first-quarter results that were in line with our expectations. The firm saw its usual seasonal strength in .com registrations, which grew 4% to 133.9 million, though we would note this is against a light comparable period. Overall domain registration growth came in just above 3%, roughly in line with expectations. We continue to view domain name growth above 3% as a challenge longer term, and management’s guidance for 2.5% to 3.25% domain name growth in 2018 reinforces our view...Verisign is a provider of domain name registry services and internet infrastructure, enabling internet navigation for domain names. The company enables the security, stability, and resiliency of main internet infrastructure and services, including providing root zone maintainer services, operating internet root servers, and providing registration services and authoritative resolution for the .com and .net top-level domains, which support the majority of global e-commerce. The company operates the authoritative directory of and/or the back-end systems for all .com, .net, .cc, .tv, .gov, .jobs, .edu and .name domain names, among others. The company also provides internationalized domain name services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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