Where Will VeriSign Stock Be in 1 Year?
VeriSign's (NASDAQ: VRSN) stock rallied more than 30% over the past 12 months, even as fears of rising tariffs, sticky inflation, and elevated interest rates rattled the markets. During that same period, the S 500 only advanced 6%. Let's see why this slow but steady stock beat the market -- and if it will head even higher in a year.
VeriSign operates the authoritative domain name registries for two of the internet's most popular top-level domains: .com and .net. It's also the primary subcontractor for the .edu and .jobs domains. It sells its domain names to registrars, like GoDaddy (NYSE: GDDY) and Network Solutions, which then sell them to public customers.
From 2014 to 2024, VeriSign's year-end .com and .net registrations grew from 130.6 million to 169 million. That slow but steady expansion indicates that domain names will remain valuable, even as more mobile apps replace traditional websites.
Source Fool.com
