Where Will VeriSign Stock Be in 3 Years?
The domain registry operator runs an evergreen business.
VeriSign (NASDAQ: VRSN) isn't considered a high-growth stock. But over the past three years, the domain registry operator's shares rallied 66% as the S&P 500 advanced 37%. Let's see why this oft-overlooked stock beat the market -- and where it might head over the next three years.
VeriSign operates the authoritative domain name registries for the internet's two most popular top-level domains: .com and .net. It's also the main subcontractor for the .edu and .jobs domains.
VeriSign sells its domain names to registrars, like GoDaddy and Network Solutions, which are responsible for selling them to website operators. So as long as businesses, organizations, governments, and individuals keep registering and renewing their websites under those popular domains, VeriSign's revenue and profits will continue to rise.
