Company Description
VeriSign, Inc. (NASDAQ: VRSN) is described in company and regulatory disclosures as a global provider of critical internet infrastructure and domain name registry services. The company plays a central role in enabling internet navigation for many of the world’s most recognized domain names. Its core activities focus on helping enable the security, stability, and resiliency of the Domain Name System (DNS) and the broader internet.
According to Verisign’s public descriptions, the company provides root zone maintainer services, operates two of the 13 global internet root servers, and delivers registration services and authoritative resolution for the .com and .net top-level domains (TLDs). These TLDs are described as supporting the majority of global e-commerce, highlighting the importance of Verisign’s infrastructure to online transactions and domain name resolution worldwide.
In addition to these descriptions, third-party reference data characterizes Verisign as an operator of critical infrastructure within the domain name system. As the registry for the .com and .net TLDs, Verisign directs DNS resolvers to the appropriate registry where IP addresses are stored. Its control over these TLDs is described as being regulated by the Internet Corporation for Assigned Names and Numbers (ICANN) and the U.S. National Telecommunications and Information Administration (NTIA), under contracts that are subject to renewal on a multi‑year cycle.
The company’s business model, as outlined in available reference material, centers on domain name registry services. Verisign generates revenue through annual subscriptions that allow customers to use .com and .net as their chosen TLDs for their websites. This subscription-based model ties the company’s performance to the size and behavior of the .com and .net domain name base, as well as to overall trends in domain name registrations.
Role in the global domain name ecosystem
Verisign’s own Domain Name Industry Brief reports, distributed via DNIB.com and sponsored by the company, provide statistical and analytical research on the domain name industry. These reports track the total number of domain name registrations across all TLDs, including .com and .net, and country-code TLDs (ccTLDs). Verisign’s announcements highlight the combined .com and .net domain name base, new registrations, and renewal rates, underscoring the company’s visibility into global domain name activity.
In multiple quarterly updates, Verisign reports the total number of .com and .net domain name registrations in the domain name base, as well as new registrations processed during each period. The company also discloses renewal rates for .com and .net, noting that these rates are not fully measurable until a period after quarter-end. These metrics illustrate how Verisign monitors the health and dynamics of the domain name base that underpins its registry services.
Through its sponsorship of DNIB.com, Verisign supports the publication of global data on domain name registrations across all TLDs and ccTLDs, along with analyses of policy, security, and technology trends affecting the domain name industry. This role positions Verisign as a source of industry statistics and research related to domain name registrations and the structure of the DNS.
Corporate structure, listing, and governance context
VeriSign, Inc. is incorporated in Delaware and files reports with the U.S. Securities and Exchange Commission under Commission File Number 000-23593 and IRS Employer Identification Number 94-3221585, as disclosed in its Form 8-K filings. The company’s common stock, with a par value of $0.001 per share, trades on the NASDAQ under the ticker symbol VRSN.
SEC filings show that Verisign has a Board of Directors that can be adjusted in size and composition. For example, one Form 8-K reports the appointment of a new non‑employee director, with details on director compensation in the form of an annual cash retainer and an annual equity award in restricted stock units. Another Form 8-K notes the resignation of a long‑serving director for personal reasons, with the Board recognizing his contributions dating back to the company’s founding and indicating an intention to appoint a Lead Independent Director and adjust the Board’s size.
Verisign’s filings also describe the existence of an automatic shelf registration statement on Form S‑3 used in connection with a secondary offering of common stock by selling stockholders affiliated with Berkshire Hathaway Inc. In that transaction, Verisign is explicit that it is not selling shares and will not receive proceeds, while the selling stockholders use the offering to reduce beneficial ownership below a regulatory threshold. The company also discloses entry into an underwriting agreement related to that offering.
Financial reporting and capital allocation disclosures
Verisign regularly reports its financial results through earnings press releases and corresponding Form 8‑K filings. These disclosures include revenue, operating income, net income, earnings per share, cash flows, and balance sheet data for recent quarters. The company’s financial communications also highlight cash, cash equivalents and marketable securities, deferred revenues, senior notes, and stockholders’ deficit, reflecting the capital structure and liabilities reported in its condensed consolidated financial statements.
In its earnings releases, Verisign discusses cash flow from operations and changes in deferred revenues, as well as activities such as repurchases of common stock under a Board‑authorized share repurchase program. One Form 8‑K notes that the Board authorized an additional amount of common stock repurchases, bringing the total authorization under the program to a specified level, and states that the program has no expiration date. The company also describes the methods by which repurchases may be executed, including open market transactions, block purchases, accelerated share repurchase agreements, or other negotiated transactions.
Verisign’s communications also reference the initiation of a quarterly cash dividend and subsequent Board approvals of specific dividend amounts per share, payable to stockholders of record on designated dates. These disclosures indicate that Verisign uses both share repurchases and cash dividends as mechanisms for returning capital to stockholders.
Operational focus on DNS security, stability, and resiliency
Across its news releases and company descriptions, Verisign emphasizes its focus on helping enable the security, stability, and resiliency of the Domain Name System and the internet. By operating two of the 13 global internet root servers and providing root zone maintainer services, Verisign participates in the core infrastructure that allows domain names to be translated into IP addresses. Its role as the registry operator for .com and .net means it provides authoritative resolution services for these TLDs, which are described as supporting the majority of global e-commerce.
Verisign’s periodic business highlights in earnings releases track the number of .com and .net domain name registrations in the domain name base, net changes in domain names during a quarter, and the volume of new domain name registrations processed for these TLDs. These metrics provide insight into the operational scale of Verisign’s registry activities and the underlying demand for .com and .net domain names.
Regulatory and contractual environment
Reference descriptions of Verisign’s business note that its control over the .com and .net TLDs is regulated by ICANN and the NTIA, and that these arrangements are subject to contract renewal on a recurring multi‑year basis. This framework reflects the broader governance structure of the DNS, in which registry operators perform technical and administrative functions under agreements with ICANN and, in some cases, with governmental or intergovernmental bodies.
Verisign’s SEC filings also show that the company uses standard corporate governance and disclosure mechanisms, such as Form 8‑K filings for material events, including financial results, Board changes, capital markets transactions, and other events deemed significant under SEC rules. The company indicates when certain information furnished in an 8‑K is not deemed “filed” for purposes of Section 18 of the Exchange Act and when it is not incorporated by reference into other filings, which reflects standard U.S. public company disclosure practice.
Company scale and sector classification
Based on the provided classification, Verisign operates within the Professional, Scientific, and Technical Services sector and is categorized under Custom Computer Programming Services. Within this context, the company’s activities are centered on the technical and operational aspects of the domain name system, including registry services, DNS resolution, and root zone maintenance for key TLDs.
Verisign’s recurring financial reporting, ongoing share repurchase program, and dividend policy, together with its role in operating .com and .net and participating in DNS root operations, indicate that it functions as an established public company with a specialized focus on DNS and domain name registry infrastructure. Its NASDAQ listing under the symbol VRSN provides investors with a publicly traded equity security linked to this business profile.