From Yahoo Finance: 2025-05-11 16:57:00

Jim Simons’ Renaissance Technologies has selected VeriSign, Inc. (NASDAQ:VRSN) as one of the best stocks to buy. VeriSign, the domain name registry for .com and .net, extended its registry agreement with ICANN until 2030. Q1 2025 earnings exceeded expectations, with $2.10 EPS and $402 million in revenue. The company remains cautious amidst macroeconomic uncertainties, projecting 2025 revenue between $1.635 billion and $1.650 billion.

Renaissance Technologies’ Medallion Fund, founded by Jim Simons, has been a top performer, generating impressive returns and making Simons one of the world’s wealthiest individuals. The firm’s computer-driven funds, Renaissance Institutional Diversified Alpha Fund and Renaissance Institutional Equities Fund, have shown strong performances in 2024 and 2025, allowing for sizable stock positions to manage risk.

VeriSign, Inc. (NASDAQ:VRSN) ranks 5th in Jim Simons’ Renaissance Technologies portfolio. While VRSN shows promise, other AI stocks may offer higher returns in a shorter timeframe. Looking ahead, VeriSign is focused on expanding its domain name portfolio and marketing initiatives. The company’s Q1 2025 earnings beat expectations, with a net income increase to $199 million.



Read more at Yahoo Finance: Is VeriSign, Inc. (VRSN) the Best Stock to Buy According to Jim Simons’ Renaissance Technologies?