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Fly News Breaks for January 10, 2018
VRSN
Jan 10, 2018 | 08:31 EDT
JPMorgan analyst Sterling Auty noted that the DOJ investigation into VeriSign acquiring .web has been closed, which he views as a positive development. He believes .web could be the closest thing to .com in the minds of customers looking for domain names, and being the registry operator of .web could offer VeriSign a new growth opportunity while also being a good defensive move by keeping the top-level domain out of the hands of a potential competitor. However, this opportunity is unlikely to drive revenue growth back into the double digits, added Auty, who keeps an Underweight rating on VeriSign shares.
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