Warren Buffett's Berkshire Hathaway is buying up shares of a lagging 1990s dotcom darling [Yahoo! Finance]
VeriSign, Inc. (VRSN)
Last verisign, inc. earnings: 4/23 04:05 pm
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Source: Yahoo! Finance
VeriSign even as its stock has fallen 2% during a skyrocketing year for tech companies. Warren Buffett is taking a gamble on '90s tech company VeriSign, buying up millions of dollars' worth of shares even as its stock price fell during an otherwise banner year for tech. VeriSign, founded in 1995, was the go-to place to register a website's domain name during the dotcom boom. It acts as a wholesaler of .com and .net domain names and also helps prop up the infrastructure of the internet by supporting DNS queries and maintaining two of the internet's 13 root servers. Despite its important infrastructure functions, the company's stock price was down 1.38% year to date, a far cry from the 25% increase in the S&P 500 and the 30% increase in the tech-heavy Nasdaq index over the same period. Yet, Buffett's Berkshire Hathaway is doubling down on the company, which it first invested in more than a decade ago. The conglomerate bought up about 377,736 shares totaling around $74 million in
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News
- Warren Buffett's favorite internet stock is a 'top pick' with 16% upside in 2025, Citi says [Yahoo! Finance]Yahoo! Finance
- VeriSign, Inc. (NASDAQ: VRSN) had its price target raised by analysts at Citigroup Inc. from $210.00 to $238.00. They now have a "buy" rating on the stock.MarketBeat
- Verisign to Report Fourth Quarter and Full Year 2024 Financial ResultsBusiness Wire
- VeriSign, Inc. (NASDAQ: VRSN) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Warren Buffett's Berkshire Hathaway is buying up shares of a lagging 1990s dot-com darling [Fortune]Fortune
VRSN
Earnings
- 2/8/24 - Beat
VRSN
Sec Filings
- 1/3/25 - Form 4
- 12/30/24 - Form 4
- 12/26/24 - Form 4
- VRSN's page on the SEC website