VeriSign Up on Upbeat Note From SG Cowen

Author:
Publish date:

Internet security company Verisign (VRSN) - Get Report was up 7.9% in early trading after SG Cowen reiterated its strong buy rating on the stock.

In a research note, SG Cowen said VeriSign's presentation Thursday was one of the most positive to emerge from the SG Cowen Tech Conference.

The company's registration of domain names should top 35 million, beating estimates of 33 million, and the outlook for customer growth remains strong, the note said.