Market Recap 2/11/16
Verisign (VRSN) reported earnings after the close, the stock was up on the day but is down in after hours.
VeriSign, Inc. and subsidiaries (“Verisign”) reported revenue of $273 million for the fourth quarter of 2015, up 6.5 percent from the same quarter in 2014. Verisign reported net income of $102 million and diluted earnings per share (“diluted EPS”) of $0.76 for the fourth quarter of 2015, compared to net income of $65 million and diluted EPS of $0.48 for the same quarter in 2014. The operating margin was 58.1 percent for the fourth quarter of 2015 compared to 55.6 percent for the same quarter in 2014.
As described in fourth quarter of 2014 earnings news release, net income for the fourth quarter of 2014 was decreased by $26 million and diluted EPS was decreased by $0.19 primarily due to a non-U.S. income tax charge related to a reorganization of certain international operations and a change in estimate for U.S. income tax charges related to the repatriation of offshore assets.
Business Highlights
- Verisign Registry Services added 4.6 million net new names during the fourth quarter, ending with 139.8 million .com and .net domain names in the domain name base, which represents a 6.3 percent increase over the base at the end of the fourth quarter in 2014, as calculated including domain names on hold for both periods.
- In the fourth quarter, Verisign processed 12.2 million new domain name registrations for .com and .net, as compared to 8.2 million for the same quarter in 2014.
- The final .com and .net renewal rate for the third quarter of 2015 was 71.9 percent compared with 72.0 percent for the same quarter in 2014. Renewal rates are not fully measurable until 45 days after the end of the quarter.
Rightside (NAME) was down 3.8% on the day and closed at the low of the day.
Alphabet Inc GOOGL 706.36 -0.49 (-0.07%)
Godaddy Inc GDDY 24.27 -0.44 (-1.78%)
Rightside Group Ltd NAME 8.05 -0.32 (-3.82%)
Minds + Machines Group… MMX 8.70P +0.20 (2.34%)
Centralnic Group PLC CNIC 52.00P +1.50 (2.97%)
Verisign, Inc. VRSN 74.16 +0.37 (0.50%)
Neustar Inc NSR 20.73 +0.30 (1.47%)
Tucows Inc. (USA) TCX 18.96 -1.00 (-5.01%)
Endurance Intl. Group… EIGI 7.96 +0.32 (4.19%)
United Internet AG UTDI 41.23* -0.98 (-2.32%)
Web.com Group Inc WEB 16.24 -0.16 (-0.98%)
Melbourne IT Limited MLB 1.89* 0.00 (-0.26%)
Disclaimer – Any stock price and market data provided on our website is for informational purposes only, and should not be relied upon for trading purposes. Historical and current stock price performance data is not necessarily indicative of future performance.
The writer of this article has no positions in the stocks mentioned. Staff of TheDomains.com may take positions long or short in the above mentioned companies.
*P denotes Pence
