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VeriSign Inc.

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VeriSign has underperformed the broader industry on a year-to-date basis. The negative impact of search engine adjustments on domain monetization and increasing operating expenses related to sales and marketing remain primary headwinds. Nevertheless, we note that VeriSign holds a prime position in the highly regulated .com and .net domain industry. The renewal of the .com contract and price hikes for the .com and .net domain names will continue to drive VeriSign’s top line. Also, we believe that gTLD prospects, international expansion through IDNs and investments in intellectual properties will boost results. Moreover, strong demand for VeriSign’s cyber security products, following ransomware attacks such as WannaCry and Petya is also a key growth driver. 


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