Welcome to our dedicated page for Verisign news (Ticker: VRSN), a resource for investors and traders seeking the latest updates and insights on Verisign stock.
Verisign Inc. (VRSN) maintains critical internet infrastructure as the global registry operator for .com and .net domains. This news hub provides authorized updates on DNS management innovations, cybersecurity initiatives, and registry service developments essential for understanding digital infrastructure trends.
Investors and industry professionals will find curated press releases detailing quarterly earnings, partnership announcements, and technical milestones. Our aggregation focuses on verified corporate communications rather than market speculation.
Key updates include domain industry regulations, infrastructure security enhancements, and operational capacity expansions. Bookmark this page for direct access to primary source materials about Verisign's role in maintaining internet stability.
VeriSign's Domain Name Industry Brief Quarterly Report reveals that the second quarter of 2024 closed with 362.4 million domain name registrations across all top-level domains (TLDs), unchanged from Q1 2024 but up 1.6% year-over-year. The .com and .net TLDs had a combined total of 170.6 million registrations, decreasing by 1.1% from Q1 2024 and 2.2% year-over-year. New .com and .net registrations totaled 9.2 million, down from 10.2 million in Q2 2023. Country-code TLD (ccTLD) registrations reached 140.0 million, increasing 0.3% from Q1 2024 and 2.2% year-over-year. The top ccTLDs were .cn, .de, .uk, .ru, and .nl.
VeriSign, Inc. (NASDAQ: VRSN) reported its Q2 2024 financial results, showing solid growth. Revenue increased 4.1% year-over-year to $387 million. Operating income rose to $266 million, up from $249 million in Q2 2023. Net income reached $199 million, with diluted EPS of $2.01, compared to $186 million and $1.79 in the same quarter last year.
The company ended Q2 2024 with $690 million in cash and marketable securities. Cash flow from operations was $160 million. Verisign repurchased 2.2 million shares for $388 million and received board approval for an additional $1.11 billion in share repurchases.
The domain name base decreased by 2.2% year-over-year to 170.6 million .com and .net registrations. New domain name registrations were 9.2 million, down from 10.2 million in Q2 2023. The Q1 2024 renewal rate was 74.1%, slightly lower than the previous year's 75.5%.
VeriSign (NASDAQ: VRSN) reported that the global number of domain name registrations reached 362.4 million by the end of Q1 2024, a 0.7% quarterly increase and a 2.1% year-over-year rise. The combined .com and .net TLDs saw a slight decline, totaling 172.5 million registrations, which is a 0.2% decrease from Q4 2023 and a 1.3% drop year-over-year. Specifically, .com domains totaled 159.4 million, while .net domains stood at 13.1 million. New .com and .net registrations decreased to 9.5 million in Q1 2024 from 10.3 million in Q1 2023. Country-code TLDs (ccTLDs) grew by 0.9% quarterly and 2.7% year-over-year, reaching 139.5 million. The top ccTLDs included .cn, .de, and .uk. The DNIB Quarterly Report has been expanded to include new statistics on renewal percentages and detailed analyses of various TLDs.
Verisign (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, announced its second-quarter 2024 financial results will be released on July 25, 2024. The earnings news release will be distributed at approximately 4:05 p.m. (EDT) and will be available on the company’s website. Following the release, Verisign will host an earnings call at 4:30 p.m. (EDT), which can be accessed via direct dial or a live webcast. An audio archive of the call will be available afterward on Verisign’s investor relations website.
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