The latest Domain Name Industry Brief published by VeriSign,
Inc. (VRSN) saw the addition of more than 7 million domain names to
the Internet in the second quarter of 2012.
As a result, the total number of registered domain names
expanded to more than 240 million worldwide across all domains, as
of June 30, 2012.
The addition of 7.3 million domain names in the second quarter
of 2012 translates to a 3.1% sequential growth and marks the sixth
straight quarter of more than 2% growth in domain names. Worldwide
registrations have increased 11.9% or 25.5 million since the second
quarter of 2011.
Meanwhile, the .com and .net Top-Level Domains (TLDs) totaled
118.5 million domain names in the adjusted zone for .com and .net
in the second quarter of 2012, thereby registering a 1.6% increase
in the base over the first quarter of 2012 and a 7.8% increase over
the second quarter of 2011. New .com and .net registrations totaled
8.4 million, up 4.2% on a year-over-year basis.
As of June 30, 2012, the base of registered names in .com
totaled 103.7 million names, while .net totaled 14.8 million names.
The .com/.net renewal rate for the second quarter of 2012 was
72.9%, down from 73.9% in the first quarter of 2012.
Verisign provides essential Internet infrastructure services to
companies, service providers and website owners.
Internet Corporation for Assigned Names and Numbers (ICANN)
recently renewed Verisign's contract to serve as the authoritative
registry operator for the .net registry for another six years.
The term period for the agreement will start from December 1,
2012 through November 30, 2018.
The terms of the agreement remains pretty much the same as the
existing agreement except for new provisions regarding
indemnification and audit rights, which is consistent with the
other five largest generic top level domain (gTLD) registry
agreements (including the .net agreement).
Meanwhile, under an agreement called the Cooperative Agreement,
the U.S. Department of Commerce is currently reviewing the renewal
of the .com registry agreement. VeriSign expects to get an approval
by November 30.
Verisign has also applied for 14 new gTLDs including 12
transliterations of .com and .net through ICANN's new gTLD
application process. Additionally, applicants for approximately 220
new gTLDs selected Verisign to provide back-end registry services.
This bodes well for VeriSign in the long run as revenue from new
gTLDs is not expected to be material before 2013.
We continue to maintain a Neutral recommendation on VeriSign.
Our Neutral recommendation is supported by a Zacks #3 Rank, which
translates into a Hold rating.
The latest Domain Name Industry Brief published by VeriSign,
Inc. (VRSN) saw the addition of more than 7 million domain names
to the Internet in the second quarter of 2012.
As a result, the total number of registered domain names
expanded to more than 240 million worldwide across all domains,
as of June 30, 2012.
The addition of 7.3 million domain names in the second quarter
of 2012 translates to a 3.1% sequential growth and marks the
sixth straight quarter of more than 2% growth in domain names.
Worldwide registrations have increased 11.9% or 25.5 million
since the second quarter of 2011.
Meanwhile, the .com and .net Top-Level Domains (TLDs) totaled
118.5 million domain names in the adjusted zone for .com and .net
in the second quarter of 2012, thereby registering a 1.6%
increase in the base over the first quarter of 2012 and a 7.8%
increase over the second quarter of 2011. New .com and .net
registrations totaled 8.4 million, up 4.2% on a year-over-year
basis.
As of June 30, 2012, the base of registered names in .com
totaled 103.7 million names, while .net totaled 14.8 million
names. The .com/.net renewal rate for the second quarter of 2012
was 72.9%, down from 73.9% in the first quarter of 2012.
Verisign provides essential Internet infrastructure services
to companies, service providers and website owners.
Internet Corporation for Assigned Names and Numbers (ICANN)
recently renewed Verisign's contract to serve as the
authoritative registry operator for the .net registry for another
six years.
The term period for the agreement will start from December 1,
2012 through November 30, 2018.
The terms of the agreement remains pretty much the same as the
existing agreement except for new provisions regarding
indemnification and audit rights, which is consistent with the
other five largest generic top level domain (gTLD) registry
agreements (including the .net agreement).
Meanwhile, under an agreement called the Cooperative
Agreement, the U.S. Department of Commerce is currently reviewing
the renewal of the .com registry agreement. VeriSign expects to
get an approval by November 30.
Verisign has also applied for 14 new gTLDs including 12
transliterations of .com and .net through ICANN's new gTLD
application process. Additionally, applicants for approximately
220 new gTLDs selected Verisign to provide back-end registry
services. This bodes well for VeriSign in the long run as revenue
from new gTLDs is not expected to be material before 2013.
We continue to maintain a Neutral recommendation on VeriSign.
Our Neutral recommendation is supported by a Zacks #3 Rank, which
translates into a Hold rating.
The latest Domain Name Industry Brief published by VeriSign,
Inc. (VRSN) saw the addition of more than 7 million domain
names to the Internet in the second quarter of 2012.
As a result, the total number of registered domain names
expanded to more than 240 million worldwide across all domains,
as of June 30, 2012.
The addition of 7.3 million domain names in the second
quarter of 2012 translates to a 3.1% sequential growth and
marks the sixth straight quarter of more than 2% growth in
domain names. Worldwide registrations have increased 11.9% or
25.5 million since the second quarter of 2011.
Meanwhile, the .com and .net Top-Level Domains (TLDs)
totaled 118.5 million domain names in the adjusted zone for
.com and .net in the second quarter of 2012, thereby
registering a 1.6% increase in the base over the first quarter
of 2012 and a 7.8% increase over the second quarter of 2011.
New .com and .net registrations totaled 8.4 million, up 4.2% on
a year-over-year basis.
As of June 30, 2012, the base of registered names in .com
totaled 103.7 million names, while .net totaled 14.8 million
names. The .com/.net renewal rate for the second quarter of
2012 was 72.9%, down from 73.9% in the first quarter of
2012.
Verisign provides essential Internet infrastructure services
to companies, service providers and website owners.
Internet Corporation for Assigned Names and Numbers (ICANN)
recently renewed Verisign's contract to serve as the
authoritative registry operator for the .net registry for
another six years.
The term period for the agreement will start from December
1, 2012 through November 30, 2018.
The terms of the agreement remains pretty much the same as
the existing agreement except for new provisions regarding
indemnification and audit rights, which is consistent with the
other five largest generic top level domain (gTLD) registry
agreements (including the .net agreement).
Meanwhile, under an agreement called the Cooperative
Agreement, the U.S. Department of Commerce is currently
reviewing the renewal of the .com registry agreement. VeriSign
expects to get an approval by November 30.
Verisign has also applied for 14 new gTLDs including 12
transliterations of .com and .net through ICANN's new gTLD
application process. Additionally, applicants for approximately
220 new gTLDs selected Verisign to provide back-end registry
services. This bodes well for VeriSign in the long run as
revenue from new gTLDs is not expected to be material before
2013.
We continue to maintain a Neutral recommendation on
VeriSign. Our Neutral recommendation is supported by a Zacks #3
Rank, which translates into a Hold rating.
The latest Domain Name Industry Brief published by
VeriSign, Inc. (VRSN) saw the addition of more than 7 million
domain names to the Internet in the second quarter of 2012.
As a result, the total number of registered domain names
expanded to more than 240 million worldwide across all
domains, as of June 30, 2012.
The addition of 7.3 million domain names in the second
quarter of 2012 translates to a 3.1% sequential growth and
marks the sixth straight quarter of more than 2% growth in
domain names. Worldwide registrations have increased 11.9% or
25.5 million since the second quarter of 2011.
Meanwhile, the .com and .net Top-Level Domains (TLDs)
totaled 118.5 million domain names in the adjusted zone for
.com and .net in the second quarter of 2012, thereby
registering a 1.6% increase in the base over the first
quarter of 2012 and a 7.8% increase over the second quarter
of 2011. New .com and .net registrations totaled 8.4 million,
up 4.2% on a year-over-year basis.
As of June 30, 2012, the base of registered names in .com
totaled 103.7 million names, while .net totaled 14.8 million
names. The .com/.net renewal rate for the second quarter of
2012 was 72.9%, down from 73.9% in the first quarter of
2012.
Verisign provides essential Internet infrastructure
services to companies, service providers and website
owners.
Internet Corporation for Assigned Names and Numbers
(ICANN) recently renewed Verisign's contract to serve as the
authoritative registry operator for the .net registry for
another six years.
The term period for the agreement will start from December
1, 2012 through November 30, 2018.
The terms of the agreement remains pretty much the same as
the existing agreement except for new provisions regarding
indemnification and audit rights, which is consistent with
the other five largest generic top level domain (gTLD)
registry agreements (including the .net agreement).
Meanwhile, under an agreement called the Cooperative
Agreement, the U.S. Department of Commerce is currently
reviewing the renewal of the .com registry agreement.
VeriSign expects to get an approval by November 30.
Verisign has also applied for 14 new gTLDs including 12
transliterations of .com and .net through ICANN's new gTLD
application process. Additionally, applicants for
approximately 220 new gTLDs selected Verisign to provide
back-end registry services. This bodes well for VeriSign in
the long run as revenue from new gTLDs is not expected to be
material before 2013.
We continue to maintain a Neutral recommendation on
VeriSign. Our Neutral recommendation is supported by a Zacks
#3 Rank, which translates into a Hold rating.
The latest Domain Name Industry Brief published by
VeriSign, Inc
. (
VRSN
) saw the addition of more than 7 million domain names to
the Internet in the second quarter of 2012.
As a result, the total number of registered domain names
expanded to more than 240 million worldwide across all
domains, as of June 30, 2012.
The addition of 7.3 million domain names in the second
quarter of 2012 translates to a 3.1% sequential growth and
marks the sixth straight quarter of more than 2% growth in
domain names. Worldwide registrations have increased 11.9%
or 25.5 million since the second quarter of 2011.
Meanwhile, the .com and .net Top-Level Domains (TLDs)
totaled 118.5 million domain names in the adjusted zone for
.com and .net in the second quarter of 2012, thereby
registering a 1.6% increase in the base over the first
quarter of 2012 and a 7.8% increase over the second quarter
of 2011. New .com and .net registrations totaled 8.4
million, up 4.2% on a year-over-year basis.
As of June 30, 2012, the base of registered names in
.com totaled 103.7 million names, while .net totaled 14.8
million names. The .com/.net renewal rate for the second
quarter of 2012 was 72.9%, down from 73.9% in the first
quarter of 2012.
Verisign provides essential Internet infrastructure
services to companies, service providers and website
owners.
Internet Corporation for Assigned Names and Numbers
(ICANN) recently renewed Verisign's contract to serve as
the authoritative registry operator for the .net registry
for another six years.
The term period for the agreement will start from
December 1, 2012 through November 30, 2018.
The terms of the agreement remains pretty much the same
as the existing agreement except for new provisions
regarding indemnification and audit rights, which is
consistent with the other five largest generic top level
domain (gTLD) registry agreements (including the .net
agreement).
Meanwhile, under an agreement called the Cooperative
Agreement, the U.S. Department of Commerce is currently
reviewing the renewal of the .com registry agreement.
VeriSign expects to get an approval by November 30.
Verisign has also applied for 14 new gTLDs including 12
transliterations of .com and .net through ICANN's new gTLD
application process. Additionally, applicants for
approximately 220 new gTLDs selected Verisign to provide
back-end registry services. This bodes well for VeriSign in
the long run as revenue from new gTLDs is not expected to
be material before 2013.
We continue to maintain a Neutral recommendation on
VeriSign. Our Neutral recommendation is supported by a
Zacks #3 Rank, which translates into a Hold rating.
VERISIGN INC (VRSN): Free Stock Analysis Report
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