VeriSign Shows Why It's a Buffett Favorite
Warren Buffett is not known for betting big on technology stocks, but one long-term favorite of his has been VeriSign (NASDAQ: VRSN). Buffett began accumulating shares of the company back in 2012, and it was one of the few stocks he was buying in the fourth quarter of last year.The company demonstrated why it's a Buffett favorite when it released its Q1 earnings report. Although the overall market has been under pressure, the stock is up more than 30% year to date. (NYSE: GDDY)VeriSign is never going to be confused with a flashy business; in fact, it could be described as quite boring. For those unfamiliar with the company, it essentially provides the internal plumbing for the internet. It maintains the database for all registered domains under .com, .net, and certain other suffixes. And it provides DNS (Domain Name System) services that connect domains to Internet Protocol (IP) addresses and ensure that connections are fast and stable.Continue reading
Warren Buffett is not known for betting big on technology stocks, but one long-term favorite of his has been VeriSign (NASDAQ: VRSN). Buffett began accumulating shares of the company back in 2012, and it was one of the few stocks he was buying in the fourth quarter of last year.
The company demonstrated why it's a Buffett favorite when it released its Q1 earnings report. Although the overall market has been under pressure, the stock is up more than 30% year to date. (NYSE: GDDY)
VeriSign is never going to be confused with a flashy business; in fact, it could be described as quite boring. For those unfamiliar with the company, it essentially provides the internal plumbing for the internet. It maintains the database for all registered domains under .com, .net, and certain other suffixes. And it provides DNS (Domain Name System) services that connect domains to Internet Protocol (IP) addresses and ensure that connections are fast and stable.
