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10.07.2019 19:55:00

Why VeriSign Stock Is Up 41% So Far in 2019

Shares of VeriSign (NASDAQ: VRSN) gained 41% in the first half of the year, according to data provided by S&P Global Market Intelligence.The provider of domain registration services and internet infrastructure delivered strong operating results in 2018, with revenue and non-GAAP earnings up by 4.3% and 28%, respectively. The company continued to show steady growth in the first quarter of 2019, with domain name registrations up 4.4% year over year to 154.8 million. More registrations drove an increase in revenue of 2.4%, while earnings per share improved by 24%, thanks to higher margins and a reduced share count from share repurchases. Continue reading
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