$291.930
-2.773 (-0.95%)At close
VRSN News
VRSN Events
Digital Realty Gains $22.05 to $201.39
Notable gainers among liquid option names this morning include Digital Realty (DLR) $201.39 +22.05, Schlumberger (SLB) $51.17 +3.95, Universal Health (UHS) $160.93 +9.66, Equinix (EQIX) $1095.70 +62.15, and VeriSign (VRSN) $275.73 +14.15.
Verisign Approves Additional $884M Share Repurchase
The board of directors approved an additional authorization for share repurchases of approximately $884M of common stock, which brings the total amount to $1.5B authorized and available under Verisign's share repurchase program which has no expiration.
FY26 Operating Income View Raised to $1.19B-$1.2B
Consensus $1.74B. Raises FY26 operating income view to $1.19B-$1.2B from $1.17B-$1.19B. Backs FY26 capital expenditures view $55M-$65M. Says performance in the second quarter shows continued robust demand for domain names during the quarter. Says new registrations for the second quarter were a record 12.7M. Comments and guidance taken from Q2 earnings conference call.
Company Reports Q2 Revenue of $435M, Exceeding Expectations
Reports Q2 revenue $435M, consensus $434.16M. "Last week we extended our record of delivering 100% availability for the .com and .net domain name resolution system to 29 years, an unparalleled record. Today's digital economy is increasingly reliant on this infrastructure, and the continuing strength in new domain name registrations reflects this. We delivered solid financial results in the quarter, returning more than 100% of our free cash flow to the investing public through dividends and share repurchases, which we do consistently. We are also raising our guidance for full-year 2026," said Jim Bidzos, Executive Chairman, President and Chief Executive Officer. "We are also pleased that the .web TLD has been delegated, and we look forward to offering .web domains through our registrar channel later this year."
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