Report
Andrew Lange
EUR 100.00 For Business Accounts Only

VeriSign Throws In Towel On Diversified Revenue Streams; Maintaining FVE

Continued execution at VeriSign allowed the firm to post another solid quarter, meeting our expectations as well as consensus on the top and bottom lines. The highlight of the quarter was the company’s announcement of a definitive agreement with Neustar to substantially sell off their entire security services business. The firm was never really able to gain traction with their DDoS prevention or DNS services, and we view the sale as prudent. Though terms of the deal were not disclosed, the busin...
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
Andrew Lange

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