15 Best Stocks to Buy According to Jim Simons’ Renaissance Technologies

5. VeriSign, Inc. (NASDAQ:VRSN)

Renaissance Technologies Q4 Stake: $603.3 million

Number of Hedge Fund Holders: 41

VeriSign, Inc. (NASDAQ:VRSN) is a multinational domain name registry and network infrastructure services supplier. The company remains the only registry for the .com and .net domains. Back in November 2024, VeriSign, Inc. (NASDAQ:VRSN) extended its registry agreement with the Internet Corporation for Assigned Names and Numbers (ICANN) for the .com domain. The company will continue to operate the .com registry until November 30, 2030.

VeriSign, Inc. (NASDAQ:VRSN)’s first-quarter 2025 earnings surpassed analyst expectations, coming in at $2.10 per share, compared to the projected $2.07. Revenue for the company grew 4.7% year-over-year to $402 million, just above the projected $396.52 million. Moreover, VeriSign’s net income increased from $194 million to $199 million during the same quarter last year, indicating robust operational performance. The company also introduced a quarterly cash dividend of $0.77 per share.

Looking ahead, VeriSign, Inc. (NASDAQ:VRSN) maintains a cautious outlook in the face of macroeconomic uncertainties, projecting revenue for 2025 to range between $1.635 billion and $1.650 billion. With noticeable advancements in domain registration trends, the company continues to focus on expanding its portfolio of domain names and enhancing its marketing initiatives.