Zacks Investment Research | Apr 25, 2017 03:44AM ET
VeriSign Inc. (NASDAQ:VRSN) is set to report first-quarter 2017 results on Apr 27. In the last quarter, the company reported a positive earnings surprise of 6.33%.
Let's see how things are shaping up for this announcement.
Factors at Play
VeriSign holds a prime position in the highly regulated .com and .net domain industry. The renewal of the .com contract and price hikes for the .com and .net domain names are likely to drive VeriSign’s top line.
Furthermore, the company received approval from ICANN to increase domain fee from $7.46 to $8.20 effective Feb 1, 2017, which will be accretive to its revenues.
Also, we believe that gTLD prospects, international expansion through IDNs and investments in intellectual properties will boost results. Additionally, VeriSign has significant growth opportunities in the Distributed Denial of Service (DDoS) security market. VeriSign also has significant growth opportunities in the network security products space.
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