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Verisign (VRSN)

Verisign, a global provider of domain name registry services and internet infrastructure, enables internet navigation for many of the world's most recognized domain names. Verisign enables the security, stability and resiliency of key internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 global internet root servers and providing registration services and authoritative resolution for the .com and .net top-level domains, which support the majority of global e-commerce.

Company profile

Ticker
VRSN
Exchange
CEO
D. Bidzos
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
eNIC Cocos (Keeling) Islands Pty Ltd • eNIC Corporation • Global Registration Services Limited • The .TV Corporation International • The .TV Corporation • VeriSign Global Holdings Limited • VeriSign Holdings Limited • VeriSign India Private Limited • VeriSign International Holdings, Inc. • VeriSign Internet Technology ...
IRS number
943221585

VRSN stock data

Calendar

28 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 611.6M 611.6M 611.6M 611.6M 611.6M 611.6M
Cash burn (monthly) 50.77M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 72.94M n/a n/a n/a n/a n/a
Cash remaining 538.66M n/a n/a n/a n/a n/a
Runway (months of cash) 10.6 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Aug 22 Indelicarto Thomas C Common Stock Sell Dispose S No Yes 200 1,848 369.6K 44,000
1 Aug 22 Tomlinson Timothy Common Stock Sell Dispose S Yes No 186.7972 685 127.96K 15,692
25 Jul 22 Courtney D Armstrong Common Stock Grant Acquire A No No 0 1,377 0 2,567
25 Jul 22 Cote Kathleen A Common Stock Grant Acquire A No No 0 1,377 0 31,424
96.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 581 576 +0.9%
Opened positions 72 101 -28.7%
Closed positions 67 55 +21.8%
Increased positions 210 194 +8.2%
Reduced positions 209 188 +11.2%
13F shares Current Prev Q Change
Total value 22.43B 25.82B -13.1%
Total shares 103.56M 104.59M -1.0%
Total puts 91K 93.61K -2.8%
Total calls 131.7K 243.8K -46.0%
Total put/call ratio 0.7 0.4 +80.0%
Largest owners Shares Value Change
BRK.A Berkshire Hathaway 12.82M $2.85B 0.0%
Vanguard 10.45M $2.32B +0.6%
BLK Blackrock 10.36M $2.31B +2.6%
CPNEX New Perspective Fund 4.03M $306.82M 0.0%
Renaissance Technologies 4.02M $893.53M -3.2%
STT State Street 3.96M $881.97M -1.6%
Capital International Investors 3.88M $862.15M -22.4%
Ninety One UK 3.82M $850.27M +6.4%
MCQEF Macquarie 3.38M $751.73M +20.8%
PFG Principal Financial Group Inc - Registered Shares 2.69M $599.47M +8.4%
Largest transactions Shares Bought/sold Change
Capital International Investors 3.88M -1.12M -22.4%
Stockbridge Partners 0 -1.09M EXIT
Norges Bank 0 -900.23K EXIT
FMR 360.33K -654.79K -64.5%
Fundsmith 626.51K +626.51K NEW
MCQEF Macquarie 3.38M +582.99K +20.8%
Etf Managers 422.15K +307.51K +268.2%
BLK Blackrock 10.36M +262.33K +2.6%
Ninety One UK 3.82M +228.68K +6.4%
Two Creeks Capital Management 0 -224.09K EXIT

Financial report summary

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Competition
MicrosoftAkamaiMeta PlatformsBaiduOracleTwitterGodaddyBaidu
Risks
  • Attempted security breaches, including from the exploitation of vulnerabilities, cyber-attacks and Distributed Denial of Service (“DDoS”) attacks against our systems and services increase our costs, expose us to potentially material liability, and could materially harm our business and reputation.
  • We may introduce undetected or unknown defects into our systems or services, which could materially harm our business and harm our vendors or our customers.
  • Our infrastructure and services are subject to vulnerabilities in the global routing system for the internet, as well as risks arising from internet services providers’ increasing adoption of the Resource Public Key Infrastructure system.
  • We could encounter system interruptions or systems failures resulting from activities beyond our direct control that could materially harm our business.
  • Our data centers, our data center systems, including the Shared Registration Systems located at our data centers, and our resolution systems are vulnerable to damage or interruption, which could impede our ability to provide our services, expose us to material liability, and materially harm our reputation.
  • We face risks from the operation of the root server system and our performance of the Root Zone Maintainer functions under the RZMA.
  • Government regulation and the application of new and existing laws in the U.S. and internationally may slow business growth, increase our costs of doing business, create potential material liability and have a material adverse effect on our business.
  • Changes in, or interpretations of, tax rules and regulations or our tax positions may materially and adversely affect our income taxes.
  • Our business faces risks arising from ICANN’s consensus and temporary policies, technical standards and other processes.
  • Claims, lawsuits, audits or investigations in which we are or could become involved may result in material adverse outcomes to our business.
  • The effects of the COVID-19 pandemic have impacted how we operate our business, and the extent to which the effects of the pandemic will materially impact our business, operations, financial condition and results of operations remains uncertain.
  • The business environment is highly competitive and, if we do not compete effectively, we may suffer material adverse impact to our business, including lower demand for our products, reduced gross margins, and loss of market share.
  • The evolution of technologies or internet practices and behaviors, the adoption of substitute technologies, or wholesale price increases of domain names in our TLDs may materially and negatively impact the demand for the domain names for which we are the registry operator.
  • If we fail to expand our services into developing and emerging economies in international locations, our business may not grow.
  • Our business depends on registrars and their resellers maintaining their focus on marketing our products and services.
  • We rely on our intellectual property rights to protect our proprietary assets, and any failure by us to protect or enforce, or any misappropriation of, our intellectual property could materially harm our business.
Management Discussion
  • ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • You should read the following discussion in conjunction with the 2021 Form 10-K and the interim unaudited Condensed Consolidated Financial Statements and related notes included in Part I, Item I of this Quarterly Report on Form 10-Q.
  • This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements are based on current expectations and assumptions and involve risks and uncertainties, including, among other things, statements regarding our expectations about the impact from the effects of the COVID-19 pandemic and the sufficiency of our existing cash, cash equivalents and marketable securities, and funds generated from operations, together with our borrowing capacity under the unsecured revolving credit facility. Forward-looking statements include, among others, those statements including the words “expects,” “anticipates,” “intends,” “believes” and similar language. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed in the section titled “Risk Factors” in Part I, Item 1A of the 2021 Form 10-K. You should also carefully review the risks described in other documents we file from time to time with the Securities and Exchange Commission, including the Quarterly Reports on Form 10-Q or Current Reports on Form 8-K that we file in 2022. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this Quarterly Report on Form 10-Q. We undertake no obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise, except as required by law.

Content analysis

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Positive
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Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: Altanovo, antidilutive, BAMC, blackout, claim, Committee, detailed, installment, intellectual, July, Mechanism, observed, reduced, transfer
Removed: health, historical, insurance, payment, provision, salary