VRSN US ( VeriSign) LongVeriSign 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🚀
