Reglikedomain industry desk

Is worth the same with or without price hikes — Apparently Verisign

Is worth the same with or without price hikes — Apparently Verisign

Firm’s market cap is back up to October levels.

Just as I don’t understand why the DOW has been hitting all time records lately, I also don’t understand this: Verisign is apparently worth the same with or without seven-percent-a-year price hikes on .com.

When Verisign dropped the bomb on October 25 that the Department of Commerce was reviewing its ability to automatically increase prices, the firm had a marketcap of regarding $7 billion.

Verisign signed a contract renewal without the hikes.

Now, six months later, Verisign’s market cap is back up to $7 billion.

Verisign is a stable, cash printing machine. Yet you’d think shaving off hundreds of millions of dollars a year in pure profit would result in a lower valuation.

Verisign stock

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