Zacks, a publication that tracks the stock market and covers many public companies has downgraded shares of Verisign to a sell, partially based on the new gTLD program.
“”We believe that gTLD prospects, international expansion through IDNs and investments in intellectual properties will boost results over the long run.
“The negative impact of search engine adjustments on domain monetization and increasing operating expenses related to marketing remain the primary headwinds in the near term. ”
“Verisign (NASDAQ:VRSN) closed at $63.10 today up .29