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Valued at $25.2 billion by market cap, Reston, Virginia-based VeriSign, Inc. (VRSN) provides internet infrastructure services that include domain name registry and infrastructure assurance services, enabling internet navigation for various recognized domain names worldwide.
The internet infrastructure provider has significantly outperformed the broader market over the past year. VRSN stock has soared 49.7% over the past 52 weeks and 30.2% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 16.1% gain over the past year and 10% surge in 2025.
Narrowing the focus, VeriSign has also outperformed the sector-focused Technology Select Sector SPDR Fund’s (XLK) 19.1% surge over the past 52 weeks and 12.9% gains in 2025.
VeriSign’s stock prices gained 6.7% in the trading session following the release of its Q2 results on Jul. 24. During the quarter, VRSN processed 10.4 million new domain name registrations for .com and .net, up from 9.2 million in Q2 2024. Moreover, its renewal rate has also observed a slight improvement. Overall, its topline for the quarter increased by a notable 5.9% year-over-year to $410 million. Alongside, its net income for the quarter stood at $207.4 million, up 4.3% year-over-year. Meanwhile, driven by a drop in outstanding dilutive securities, VeriSign’s EPS for the quarter increased by a much more impressive 10% year-over-year to $2.21.
VeriSign also observed an improvement in working capital and deferred revenues, leading to an 18.2% year-over-year growth in net operating cash flows to $493.8 million.
Verisign maintains a consensus “Strong Buy” rating overall. Both the analysts covering the VRSN stock give a “Strong Buy” recommendation.
This configuration has remained stable in recent months.
On Jul. 1, Baird analyst Robert Oliver reiterated an “Outperform” rating on VRSN and raised the price target from $285 to $305.
As of writing, VRSN’s mean price target of $338.50 represents a 25.6% premium to current price levels. Meanwhile, the street-high target of $340 suggests a 26.1% upside potential.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
