Added to YB: 2024-06-21
Pitch date: 2024-06-20
VRSN [bullish]
VeriSign, Inc.
+20.51%
current return
Author Info
Company Info
VeriSign, Inc., together with its subsidiaries, provides internet infrastructure and domain name registry services that enables internet navigation for various recognized domain names worldwide.
Market Cap
$19.8B
Pitch Price
$179.76
Price Target
219.00 (+1%)
Dividend
1.50%
EV/EBITDA
18.27
P/E
24.55
EV/Sales
12.71
Sector
IT Services
Category
value
VeriSign, Inc. - $VRSN
VRSN: Internet infrastructure monopoly w/ mid-single digit growth, 90th+ percentile margins (87% gross, 55% net). No dividend but consistent buybacks. High visibility via ICANN contracts, 70%+ renewal rates. Buffett owns 13%. Risks: China headwinds, .web litigation, cyberattacks. $219 PT on 25x P/E.
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