11 Unstoppable Tech Stocks to Invest In

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9. VeriSign, Inc. (NASDAQ:VRSN)

Year-to-Date Performance: 37.93%

Analyst Upside Potential: 3.93%

Number of Hedge Fund Holders: 45

VeriSign, Inc. (NASDAQ:VRSN) is one of the 11 Unstoppable Tech Stocks to Invest in. VeriSign, Inc. (NASDAQ:VRSN) released its Q1 2025 results on April 24. The company delivered a revenue of $402.30 million up 4.68% and ahead of consensus by $501,540. The EPS of $2.10 also topped consensus by $0.01.

Diamond Hill Mid Cap Strategy noted VeriSign, Inc. (NASDAQ:VRSN) as one of the top individual contributors to returns in its Q1 2025 investor letter. The fund noted that the company in 2024 successfully renewed its .com agreement with the US Department of Commerce. Moreover, the company has also demonstrated strong growth in both its .com and .net domain bases.

VeriSign, Inc. (NASDAQ:VRSN) in Q1 2025 reached 169.8 million combined .com and .net domain names, reflecting an increase of 777,000 from year-end 2024. The company saw 10.1 million new domain registrations in Q1 2025, up from 9.5 million in both the previous quarter and the same quarter last year. Moreover, the renewal rate also improved to 75.3% in Q1 2025, compared to 74.1% a year ago. The fund believes the company to be attractive in terms of its business model and management.

VeriSign, Inc. (NASDAQ:VRSN) is a key provider of Internet infrastructure services, primarily managing the domain name system (DNS) that enables users to navigate the web. It operates the authoritative directories for major domain extensions like .com, .net, and .name, as well as certain country-code and internationalized domain names.

Diamond Hill Mid Cap Strategy stated the following regarding VeriSign, Inc. (NASDAQ:VRSN) in its Q1 2025 investor letter:

“On an individual holdings basis, top contributors to return in Q1 included VeriSign, Inc. (NASDAQ:VRSN) and Huntington Ingalls. VeriSign, which provides internet infrastructure and domain name registry services, successfully renewed its .com agreement with the US Department of Commerce in late 2024. It also demonstrated stability in both its .com and .net domain bases. We believe the company is favorably positioned with an attractive business model and management team, which has effectively opportunistically allocated capital.”

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