Company description

Verisign, Inc. (ticker symbol VRSN) is a global provider of domain registration and internet security services, founded in 1995. It manages and operates the .com, .net, .gov, .edu, and .name top-level domains, as well as the root zone for the .com and .net domains. Verisign also offers security products and services such as Distributed Denial of Service (DDoS) protection, managed DNS, and digital certificates. The company's mission is to provide a trustworthy and secure online environment for businesses and individuals around the world. Verisign has a strong financial performance, with a steady increase in revenue and net income in recent years. It operates as a sole-source monopoly for the .com and .net registries under a contract with the Internet Corporation for Assigned Names and Numbers (ICANN), giving it a stable revenue stream. However, the company faces challenges such as tightening regulations, increasing competition, and cybersecurity threats. Verisign has taken steps to diversify its business, expanding beyond its core domain registration services, and investing in research and development to stay ahead of emerging threats. With its reputation for reliability and security, and a strong market position, Verisign is poised for continued success in the rapidly evolving internet landscape.