Thanks to the unfavorable amending of its .com domain renewal contract, Wells Fargo now sees...
Thanks 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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