Update: Verisign And The Importance Of Brand Power
- Verisign delivered a very good Q3, with diluted EPS up 17% over last year's third quarter.
- The newly introduced gTLDs are creating a lot of confusion that is probably the reason for a slight shrinkage in Verisign's .net business.
- However, the same confusion probably strengthens Verisign's most important .com business and other services.
- Thanks to excellent free cash generation and large share repurchases, I expect the company to continue on its growth track for many years to come.