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. reports recurring developments tied to critical internet infrastructure and domain name registry services. The company provides registration services and authoritative resolution for the .com and .net top-level domains, serves as root zone maintainer, and operates two of the global internet root servers.
Verisign news commonly covers quarterly financial results, domain name base trends, new .com and .net registrations, and Domain Name Industry Brief data from DNIB.com. Updates also include board-approved dividends, share repurchases, DNS security and resiliency themes, and industry statistics on top-level domain registrations.
VeriSign (NASDAQ: VRSN) reported 370.7 million domain name registrations at the end of Q3 2020, marking a 0.2% increase from Q2 2020. Year-over-year, registrations grew by 10.8 million, or 3.0%. The .com and .net TLDs reached 163.7 million registrations, up 1.0% quarter-over-quarter and 4.0% year-over-year. New registrations for .com and .net totaled 10.9 million in Q3 2020, compared to 9.9 million in Q3 2019. These figures highlight the ongoing demand for domain name services and reflect the company's strong market position.
VeriSign, a leading provider of domain name registry services, reported Q3 2020 revenue of $318 million, reflecting a 3.1% increase from Q3 2019. The company achieved net income of $171 million and diluted EPS of $1.49, up from $154 million and $1.30 respectively in the same period last year. Despite a 65.0% operating margin, a decrease from 66.7% in 2019, significant tax benefits contributed to EPS growth. VeriSign ended the quarter with $1.15 billion in cash and a total of 163.7 million domain registrations. They also repurchased 0.8 million shares for $170 million.
VeriSign (NASDAQ: VRSN) announced its third-quarter earnings call will occur on October 22, 2020, at 4:30 p.m. EDT. The earnings release will be available at 4:05 p.m. EDT the same day on their investor website. This call will be accessible via direct dial and online through a live webcast. VeriSign, a leader in domain name registry services, emphasizes its role in ensuring the security and stability of major internet infrastructure, including the .com and .net domains vital for global e-commerce.