VeriSign, Inc.
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VRSN US ( VeriSign) Long

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VeriSign is a key player in the management of .com and .net domain names, processing over 132 billion DNS queries per day

VeriSign has a near-monopoly position in the management of .com and .net domains (146.4 million registered addresses)

Domain renewal rates have increased to 75.5%

EPS was $2.21 in the last quarter, compared to the forecast of $2.20

Revenue has been growing steadily: in the last quarter it reached $410 million, which is 5.9% higher compared to the same period last year

🐻The recent sale of 4.3 million shares of Berkshire Hathaway caused a short-term correction, but it was due more to regulatory reasons (share decline below 10%) than fundamental problems

The board of directors approved a significant share buyback program

The correction is over.

The stock has left the channel upwards.⚡️

We are waiting for a test of the open gap level from above🚀

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