Verisign Q3 results top expectations, raises year outlook as pandemic increases Internet activity

VeriSign, the Reston, Virginia-based company that runs the global database of principal domain names on the Internet, this afternoon reported Q3 revenue that topped analysts’ expectations, and profit well ahead of consensus, and raised its forecast for the full year, citing increased Internet activity amidst the COVID-19 pandemic.

VeriSign stock declined by 2% in late trading following the report. 

Revenue rose 3.1%, year over year, to $317.9 million, yielding EPS of $1.49 a share. 

That compares to consensus for $316.07 million and $1.35 per share.

The company said it handled registrations for 10.9 million new domain names for .com and .net, up from the year-earlier period total of 9.9 million new domains. Total domain name registrations in VeriSign’s database for .com and .net at quarter’s end stood at 163.7 million, up 4% from the prior-year quarter. 

CEO Jim Bidzos said business in the quarter reflected increased Internet usage prompted by

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Is Everbridge (EVBG) Stock Outpacing Its Computer and Technology Peers This Year?

Investors focused on the Computer and Technology space have likely heard of Everbridge (EVBG), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company’s year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

Everbridge is a member of our Computer and Technology group, which includes 612 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. EVBG is currently sporting

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Tesla stock climbs after hours after company posts record profit and says it will sell half a million cars this year

Tesla reported by far its best quarterly profit Wednesday and said it still hopes to hit its target of half a million car sales this year.



a car parked in a parking lot: Tesla Inc. vehicles are displayed in a Tesla store in Colma, California, U.S., on Thursday, Sept. 24, 2020. California will phase out sales of new, gasoline-powered cars by 2035 as part of its fight against climate change, Governor Gavin Newsom announced -- the first state to set an expiration date for the traditional automobile. Photographer: David Paul Morris/Bloomberg via Getty Images


© David Paul Morris/Bloomberg/Getty Images
Tesla Inc. vehicles are displayed in a Tesla store in Colma, California, U.S., on Thursday, Sept. 24, 2020. California will phase out sales of new, gasoline-powered cars by 2035 as part of its fight against climate change, Governor Gavin Newsom announced — the first state to set an expiration date for the traditional automobile. Photographer: David Paul Morris/Bloomberg via Getty Images

The strong results and ambitious goal were good news to investors in the high-flying stock, which has gained more than 400% so far this year. Shares of Tesla climbed once again in after-hours trading on the earnings report.

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There had been doubts that Tesla could achieve its goal of delivering 500,000 cars to customers this year,

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GM sells out first year of electric Hummer production

DETROIT (Reuters) – General Motors Co said it has sold out the first year’s worth of its hulking GMC Hummer EV electric pickup truck after a splashy video reveal on Tuesday.

The 2022 GMC Hummer EV in an undated image. Courtesy GMC/via REUTERS

The GMC website showed a “reservations full” banner over the Hummer EV “Edition 1,” due to start production in the fall of 2021. The next version of the truck, the $99,995 Hummer EV 3X, is not scheduled to begin production until the fall of 2022.

The least expensive Hummer EV, starting at $79,995, is scheduled to go into production in the spring of 2024, GM said.

The Hummer EV was designed and engineered in 18 months, GM officials said during a presentation on Wednesday. The brawny truck can “crab walk” sideways on rough terrain using its four-wheel steering system, and has a “Watts to Freedom” mode that

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PS Plus: Add A Year To Your Subscription For Less Than $30

The ongoing COVID-19 pandemic means we’re all looking for more movies, TV, and games to get through with our extra time indoors. This has made gaming subscription services that also get you free games along with online multiplayer access especially crucial. For PS4 players, that’s PlayStation Plus, which gets you free monthly games, online multiplayer, exclusive discounts, and more for $60 a year. Right now, however, you can snag a year of PS Plus for a fraction of the price.

Over at Ebay, you can get a year of PS Plus on sale for $29.75 via reputable seller NeoGames. While the listing describes the product as a “subscription card,” this is an emailed code you’ll receive within 24 hours (we confirmed this by purchasing a code ourselves). After receiving the code, you can then redeem it in the PlayStation Store. As a reminder, PlayStation Plus memberships can be stacked, so

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Companies Will Spend $50 Billion On Artificial Intelligence This Year With Little To Show For It

As corporate spending on artificial intelligence systems is set to pass $50 billion this year, the vast majority of companies may not be seeing much return on that record investment.

In a survey of more than 3,000 company managers about their AI spend, only 10% reported significant financial benefits from their investment so far, the new report from MIT and Boston Consulting Group found. 

Gains from the tech haven’t kept pace with increased adoption, says Shervin Khodabandeh, who led the study and is co-head of BCG’s AI business in North America. “We are seeing more activity, which also means more investment in technology and data science,” Khodabandeh says. “But that impact line hasn’t really changed.”

The results should prove concerning to corporations that continue to pour money into AI projects

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US social network users will grow to 212.1 million this year

  • The number of US social network users will grow to 212.1 million this year, driven by more frequent usage amid lockdowns.
  • But as lockdown measures abate next year, the  social network user growth will slow back down to 1.7%.
  • Insider Intelligence analyzes this industry and several others to provide in-depth analyst reports, proprietary forecasts, customizable charts, and more. Learn more about what we offer.

Social media adoption is beginning to approach saturation in the US: Over 80% of US adult internet users this year will be social media users, which we define as those who access a social network at least monthly, per our estimates.

social network users

US social network user base will grow to 212.1 million this year.

eMarketer


The pandemic will, however, cause user growth to accelerate for the first time since 2014. The number of US social network users will grow by 3.3% in 2020, up from last year’s

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With 40% Gains This Year Has Danaher Stock Reached Its Potential?

The stock price of Danaher (NYSE: DHR), a conglomerate with products in environmental, life sciences, and diagnostics fields, is up over 43% since the beginning of this year, significantly outperforming the broader markets, with the S&P 500 up 8%. However, at the current price of around $218 per share, we believe Danaher has downside risk. Why is that? The key is DHR stock is now 140% higher than it was at the beginning of 2018. Our dashboard, Why Danaher Stock Moved 140%? provides the key numbers behind our thinking, and we explain more below.

Some of this growth over the last 2 years is justified by the roughly 15% rise seen in Danaher’s revenues, which

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Is salesforce.com (CRM) Outperforming Other Computer and Technology Stocks This Year?

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. salesforce.com (CRM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company’s year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

salesforce.com is a member of our Computer and Technology group, which includes 613 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights

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Is ON Semiconductor (ON) Outperforming Other Computer and Technology Stocks This Year?

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has ON Semiconductor (ON) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out.

ON Semiconductor is one of 613 companies in the Computer and Technology group. The Computer and Technology group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ON is currently sporting a Zacks Rank of #2

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