Verisign: A Business Built on Digital Foundations Verisign Inc. (NASDAQ: VRSN) operates as a critical player in the internet infrastructure space, specializing in domain name registry services. It holds the exclusive rights to manage two of the internet’s most important top-level domains (TLDs): .com and .net. This monopoly-like position, secured through long-term contracts with ICANN (Internet Corporation for Assigned Names and Numbers), ensures Verisign a consistent and highly profitable revenue stream. The company earns revenue primarily by charging domain registrars for registering and renewing domain names. With millions of websites relying on .com and .net domains, Verisign enjoys an unparalleled recurring revenue model. Beyond domain registration, Verisign is involved in providing c
Buffett Adds Verisign Again: Will You Follow the Oracle of Omaha?
Buffett's Berkshire Hathaway bought 20,044 Verisign shares for $4.1M between Dec. 31, 2024, and Jan. 3, 2025, at $204.61–$204.94 per share. This is its third Verisign purchase since mid-December, totaling $93.65M. Berkshire now holds over $2.7B in Verisign, remaining its largest shareholder. Verisign jumps 3% in the overnight trading. -------------- Will you follow Buffett to add the internet stock? Is Buffett's increased stake in internet stocks a sign of staying current or falling behind trends? Do you think VRSN is a stable investment target? Can the stock surpass its previous high?
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