Report
Rodney Nelson
EUR 98.48 For Business Accounts Only

VeriSign’s Registry Business Normalizing After China Boom; Shares Look Rich

VeriSign reported solid first-quarter results as the business begins to lap an outsize growth year in 2016. The firm saw solid registration activity, though speculative activity in China in 2016 will likely weigh on domain renewal rates for some time. We also received a brief update on the firm’s .net contract, which is set to expire in June 2017. We continue to think VeriSign remains well-positioned as the sole operator of the .com and .net registry services, and we are retaining our narrow moa...
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

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