According to the latest Domain Name Industry Brief published by
VeriSign Inc. (VRSN), approximately seven million names were added
to the Internet in the first quarter of 2012. Therefore, the total
number of registered domain names increased to approximately 233
million on a worldwide basis.
The addition of 7.5 million domain names represents a 3.3%
sequential growth rate. Registrations have grown by more than
23 million or 11%, since the first quarter of 2011. Meanwhile,
registrations of .com and .net totaled 8.9 million during the
quarter, up 7.7% year over year. The .com/.net renewal rate for the
first quarter was 73.9%, up from 73.5% for the fourth quarter.
The .com and .net TLDs reached a combined total of 116.7 million
names, up 2.5% sequentially and 8.1% year over year.
VeriSign began tracking the ccTLDs launched by ICANN through the
IDN ccTLD Fast Track Process. This new fast track process
enabled countries and territories that use languages based on
non-Latin scripts offer users domain names in non-Latin characters.
Hence, the additional tracking led to VeriSign gaining an
additional 808,967 ccLTD in the first quarter of 2012.
VeriSign's registry, security and communications services are
essential for the smooth functioning of the online world.
VeriSign recently applied for nine Internationalized Domain Name
(IDN) transliterations of .com and three IDN transliterations of
.net.
The applications submitted by VeriSign represent approximately
12 out of the 14 new generic Top Level Domain (gTLD) applications.
The company submitted the applications through the Internet
Corporation for Assigned Names and Numbers' (ICANN) new gTLD
program.
IDN aims to make the Internet more user-friendly to end users
all over the world by enabling them to identify themselves using
their native language scripts. VeriSign has applied for IDN
transliterations of .com in nine non-Latin based scripts.
Management expects these non-Latin based transliterations of
.com and .net to open more options for global Internet users.
VeriSign has also applied for verisign and .comsec along with
the 12 IDN transliterations of .com and .net. Additionally,
applicants for approximately 220 new gTLDs selected Verisign to
provide back-end registry services.
However, revenue from new gTLDs is not expected to be
materialized before 2013. VeriSign views the positively impact
results in the coming years.
We continue to maintain a Neutral recommendation on VeriSign.
Our Neutral recommendation is supported by a Zacks #4 Rank, which
translates into a Sell rating.
According to the latest Domain Name Industry Brief published
by VeriSign Inc. (VRSN), approximately seven million names were
added to the Internet in the first quarter of 2012. Therefore,
the total number of registered domain names increased to
approximately 233 million on a worldwide basis.
The addition of 7.5 million domain names represents a 3.3%
sequential growth rate. Registrations have grown by more
than 23 million or 11%, since the first quarter of 2011.
Meanwhile, registrations of .com and .net totaled 8.9
million during the quarter, up 7.7% year over year. The .com/.net
renewal rate for the first quarter was 73.9%, up from 73.5% for
the fourth quarter.
The .com and .net TLDs reached a combined total of 116.7
million names, up 2.5% sequentially and 8.1% year over year.
VeriSign began tracking the ccTLDs launched by ICANN through
the IDN ccTLD Fast Track Process. This new fast track
process enabled countries and territories that use languages
based on non-Latin scripts offer users domain names in non-Latin
characters. Hence, the additional tracking led to VeriSign
gaining an additional 808,967 ccLTD in the first quarter of
2012.
VeriSign's registry, security and communications services are
essential for the smooth functioning of the online world.
VeriSign recently applied for nine Internationalized Domain
Name (IDN) transliterations of .com and three IDN
transliterations of .net.
The applications submitted by VeriSign represent approximately
12 out of the 14 new generic Top Level Domain (gTLD)
applications. The company submitted the applications through the
Internet Corporation for Assigned Names and Numbers' (ICANN) new
gTLD program.
IDN aims to make the Internet more user-friendly to end users
all over the world by enabling them to identify themselves using
their native language scripts. VeriSign has applied for IDN
transliterations of .com in nine non-Latin based scripts.
Management expects these non-Latin based transliterations of
.com and .net to open more options for global Internet users.
VeriSign has also applied for verisign and .comsec along with
the 12 IDN transliterations of .com and .net. Additionally,
applicants for approximately 220 new gTLDs selected Verisign to
provide back-end registry services.
However, revenue from new gTLDs is not expected to be
materialized before 2013. VeriSign views the positively impact
results in the coming years.
We continue to maintain a Neutral recommendation on VeriSign.
Our Neutral recommendation is supported by a Zacks #4 Rank, which
translates into a Sell rating.
According to the latest Domain Name Industry Brief published
by VeriSign Inc. (VRSN), approximately seven million names were
added to the Internet in the first quarter of 2012. Therefore,
the total number of registered domain names increased to
approximately 233 million on a worldwide basis.
The addition of 7.5 million domain names represents a 3.3%
sequential growth rate. Registrations have grown by more
than 23 million or 11%, since the first quarter of 2011.
Meanwhile, registrations of .com and .net totaled 8.9
million during the quarter, up 7.7% year over year. The
.com/.net renewal rate for the first quarter was 73.9%, up from
73.5% for the fourth quarter.
The .com and .net TLDs reached a combined total of 116.7
million names, up 2.5% sequentially and 8.1% year over
year.
VeriSign began tracking the ccTLDs launched by ICANN through
the IDN ccTLD Fast Track Process. This new fast track
process enabled countries and territories that use languages
based on non-Latin scripts offer users domain names in
non-Latin characters. Hence, the additional tracking led to
VeriSign gaining an additional 808,967 ccLTD in the first
quarter of 2012.
VeriSign's registry, security and communications services
are essential for the smooth functioning of the online
world.
VeriSign recently applied for nine Internationalized Domain
Name (IDN) transliterations of .com and three IDN
transliterations of .net.
The applications submitted by VeriSign represent
approximately 12 out of the 14 new generic Top Level Domain
(gTLD) applications. The company submitted the applications
through the Internet Corporation for Assigned Names and
Numbers' (ICANN) new gTLD program.
IDN aims to make the Internet more user-friendly to end
users all over the world by enabling them to identify
themselves using their native language scripts. VeriSign has
applied for IDN transliterations of .com in nine non-Latin
based scripts.
Management expects these non-Latin based transliterations of
.com and .net to open more options for global Internet
users.
VeriSign has also applied for verisign and .comsec along
with the 12 IDN transliterations of .com and .net.
Additionally, applicants for approximately 220 new gTLDs
selected Verisign to provide back-end registry services.
However, revenue from new gTLDs is not expected to be
materialized before 2013. VeriSign views the positively impact
results in the coming years.
We continue to maintain a Neutral recommendation on
VeriSign. Our Neutral recommendation is supported by a Zacks #4
Rank, which translates into a Sell rating.
According to the latest Domain Name Industry Brief
published by
VeriSign Inc.
(
VRSN
), approximately seven million names were added to the
Internet in the first quarter of 2012. Therefore, the total
number of registered domain names increased to approximately
233 million on a worldwide basis.
The addition of 7.5 million domain names represents a 3.3%
sequential growth rate. Registrations have grown by more than
23 million or 11%, since the first quarter of 2011.
Meanwhile, registrations of .com and .net totaled 8.9
million during the quarter, up 7.7% year over year. The
.com/.net renewal rate for the first quarter was 73.9%, up
from 73.5% for the fourth quarter.
The .com and .net TLDs reached a combined total of 116.7
million names, up 2.5% sequentially and 8.1% year over
year.
VeriSign began tracking the ccTLDs launched by ICANN
through the IDN ccTLD Fast Track Process. This new fast
track process enabled countries and territories that use
languages based on non-Latin scripts offer users domain names
in non-Latin characters. Hence, the additional tracking led
to VeriSign gaining an additional 808,967 ccLTD in the first
quarter of 2012.
VeriSign's registry, security and communications services
are essential for the smooth functioning of the online
world.
VeriSign recently applied for nine Internationalized
Domain Name (IDN) transliterations of .com and three IDN
transliterations of .net.
The applications submitted by VeriSign represent
approximately 12 out of the 14 new generic Top Level Domain
(gTLD) applications. The company submitted the applications
through the Internet Corporation for Assigned Names and
Numbers' (ICANN) new gTLD program.
IDN aims to make the Internet more user-friendly to end
users all over the world by enabling them to identify
themselves using their native language scripts. VeriSign has
applied for IDN transliterations of .com in nine non-Latin
based scripts.
Management expects these non-Latin based transliterations
of .com and .net to open more options for global Internet
users.
VeriSign has also applied for verisign and .comsec along
with the 12 IDN transliterations of .com and .net.
Additionally, applicants for approximately 220 new gTLDs
selected Verisign to provide back-end registry services.
However, revenue from new gTLDs is not expected to be
materialized before 2013. VeriSign views the positively
impact results in the coming years.
We continue to maintain a Neutral recommendation on
VeriSign. Our Neutral recommendation is supported by a Zacks
#4 Rank, which translates into a Sell rating.
VERISIGN INC (VRSN): Free Stock Analysis Report
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