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Thanks to the unfavorable amending of its .com domain renewal contract, Wells Fargo now sees...
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Friday, November 30, 2012, 12:24 PM ETThanks to the unfavorable amending of its .com domain renewal contract, Wells Fargo now sees VeriSign (VRSN -13.8%) growing at a 7% annual clip, down from a prior 11% - .com registrations make up ~85% of VeriSign's revenue. Also, Wells, which is reiterating an Outperform, thinks comments from management about re-evaluating VeriSign's capital structure suggests the company plans to take on more debt and increase its buyback activity.
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