VeriSign, Inc. provides domain name registry services and internet infrastructure with a market cap of $22.5 billion. Despite a recent 21.4% drop from its 52-week high, the stock has gained 17.9% year-to-date and 22% over the past 52 weeks, outperforming industry peers.

In the third quarter, VeriSign saw a revenue growth of 7.3% year-over-year, with 171.9 million .com and .net domain registrations. EPS was $2.27, beating estimates, and deferred revenue reached $1.38 billion. Analysts are bullish on the stock, with a consensus “Moderate Buy” rating and a mean price target of $310.67.

In comparison, GoDaddy Inc. has lagged behind VeriSign, falling 36.1% year-to-date and 39.5% over the past 52 weeks. VeriSign has been trading below its moving averages since October, indicating a downtrend in the stock.

Read more at Yahoo Finance: How Is VeriSign’s Stock Performance Compared to Other Software Stocks?