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Reston, Virginia-based VeriSign, Inc. (VRSN) provides internet infrastructure and domain name registry services that enable internet navigation for various recognized domain names. It is valued at a market cap of $20.1 billion.
This tech company has lagged behind the broader market over the past 52 weeks. Shares of VRSN have declined 5.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 11.8%. Moreover, on a YTD basis, the stock is down 10.4%, compared to SPX’s marginal drop.