Shares of Verisign are now down over 10% in trading today.
Shares of the company ended trading on Friday at $54.85 are now trading at $49.17 after touch off of its intraday low of $48.55.
Verisign issued a statement today saying that the National Telecommunications and Information Administration’s (NTIA) announcement of its intent to transition key Internet domain name functions would have no effect on .com or .net registry.
Of course the concern is what will happen the next time Verisign contract to run both of the registry comes up for renewal.
