Shares of Verisign (NASDAQ:VRSN) surged 6.5% after the company reported strong Q2 results, with revenue reaching $410 million, up 5.9% YoY. Earnings per share were $2.21, beating estimates. Operational metrics like a 75.5% domain renewal rate and growth in .com and .net domains contributed to the positive results. Baird raised the price target to $340 post-earnings. Verisign’s stock is up 49.4% YTD, hitting a new 52-week high at $306.48. Investors who bought $1,000 of Verisign 5 years ago would now have $1,461. The market views this news as significant, despite minimal volatility in Verisign’s stock.

Read more at StockStory Inc.: Why Are VeriSign (VRSN) Shares Soaring Today