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VeriSign Sinks on Name-Dropping and Rumors of a Miss
Shares of VeriSign (VRSN Quote) sank Wednesday, one day before the company was scheduled to report earnings, after one analyst downgraded the stock amid evidence of continued weakness in the domain name business.
Shares of VeriSign fell $3.58, or 16.59%, to close at $18.00.
SoundView analyst Walter Pritchard downgraded the company's rating to buy from strong buy, citing new data from SnapNames, a domain industry infrastructure provider that publishes a monthly count on domain names. ...
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