5 Tech Stocks to Buy According to Billionaire Jim Simons’ Renaissance Technologies

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In this piece we’ll take a look at the top five best tech stocks to buy according to billionaire Jim Simons’ Renaissance Technologies. For more stocks, the methodology and risk/reward of this list, head on to 10 Tech Stocks to Buy According to Billionaire Jim Simons’ Renaissance Technologies.

5. Verisign, Inc. (NASDAQ:VRSN)

Renaissance Technologies Stake Value: $662,106,000

Verisign, Inc. (NASDAQ:VRSN) is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains. The company operates critical Internet infrastructure to support the domain name system. In 2018, the company sold its Security Services unit signalling a renewed focus on the core registry business.

During Q2 2022 Verisign, Inc. (NASDAQ:VRSN) the company generated revenue of $352 million, up 6.8% from the same quarter last year. The company reported diluted earnings per share of $1.54 for the second quarter of 2022, compared to $1.31 for the same quarter of 2021.

Renaissance Technologies Stake Value in Verisign, Inc. (NASDAQ:VRSN) at the end of Q2 2022 stood at $662,106,000, making the company rank 5th on our list of 10 Tech Stocks to Buy According to Billionaire Jim Simons’ Renaissance Technologies.

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