VeriSign (VRSN) Reveals Q2 Domain Name Registration Numbers
Zacks Investment Research | Sep 17, 2017 10:25PM ET
VeriSign Inc. (NASDAQ:VRSN) recently announced that about 1.3 million domain names were registered in second-quarter 2017.
According to the latest “The Domain Name Industry Brief”, domain name registrations increased 0.4% sequentially to approximately 331.9 million across top-level domains (TLDs) at the end of the quarter. Domain name registrations increased 6.7 million or 2.1%, year over year.
Country Code Top-Level Domains (“ccTLDs”) increased 2.6% year over year and 0.8% sequentially to 144.2 million in the June 2017 quarter. The increase was noted across all Top-Level Domains (TLDs) as both .com and .net grew during the quarter. On a combined basis, .com and .net domain names improved 0.8% year over year to approximately 144.3 million in the second quarter.
The company is benefiting from strong gTLD prospects. New gTLDs (“ngTLD”) represent 7.3% of total domain name registrations.
Reportedly, new .com and .net registrations were 9.2 million compared with 8.6 million in the year-ago quarter. VeriSign reported that .com continued to maintain its position as the largest TLD, followed by .cn (China) and .tk (Tokelau).
Shares of VeriSign have gained 37.2% year to date, significantly outperforming the 27% rally of the Original post
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