Report
Rodney Nelson
EUR 101.80 For Business Accounts Only

Reports of .com’s death are greatly exaggerated, but VeriSign's growth opportunities remain limited.

Verisign posted robust results to close out 2016, as domain registrations and revenue came in ahead of our expectations. The firm announced the sale of its iDefense Security Intelligence business to Accenture, though Verisign still offers DDoS protection and managed DNS products. We are maintaining our narrow moat rating, and we do not plan to materially change our $74 fair value estimate as we roll our model forward. We do not see enough of a margin of safety in the share price today.
Fourth-qu...
Underlying
VeriSign Inc.

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.

Provider
Morningstar
Morningstar

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.

Analysts
Rodney Nelson

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch