Warren Buffett's Berkshire Hathaway Makes Bold $74 Million Bet On This Forgotten Darling Of Dotcom Boom
Warren Buffett's Berkshire Hathaway Makes Bold $74 Million Bet On This Forgotten Darling Of Dotcom Boom
Founded in 1995, VeriSign was a key player during the dotcom boom, primarily known for domain name registration. It plays a crucial role in Internet infrastructure by supporting DNS queries and maintaining two of the Internet's 13 root servers. Despite its essential functions, the company's stock has underperformed, down 1.38% year to date, compared to the S&P 500's 25% rise and the Nasdaq's 30% increase.Warren Buffett's Berkshire Hathaway has made a significant investment in VeriSign Inc. (NASDAQ:VRSN), purchasing $74 million worth of shares.
禾倫·巴菲特的伯克希爾·哈撒韋對威瑞信公司（納斯達克：VRSN）進行了重大投資，購買了價值7400萬美元的股票。
What Happened: The conglomerate acquired approximately 377,736 shares during trading sessions leading up to Dec. 24, according to Fortune on Tuesday. This move comes despite a 2% decline in VeriSign's stock during a booming year for tech stocks, data from Benzinga Pro revealed.
發生了什麼：根據《財富》週二的消息，該綜合企業在12月24日之前的交易期間購入了約377,736股。這一舉動是在威瑞信的股票在科技股票表現強勁的一年中下跌2%的情況下進行的，Benzinga Pro的數據揭示了這一點。
During the same period, the S&P 500 has risen 25% and the tech-heavy Nasdaq has gained 30%.
在同一時期，S&P 500上漲了25%，科技股重磅的納斯達克上漲了30%。
Founded in 1995, VeriSign was a key player during the dotcom boom, primarily known for domain name registration. It plays a crucial role in Internet infrastructure by supporting DNS queries and maintaining two of the Internet's 13 root servers. Despite its essential functions, the company's stock has underperformed, down 1.38% year to date, compared to the S&P 500's 25% rise and the Nasdaq's 30% increase.
威瑞信成立於1995年，在Internet Plus-related泡沫期間是一家關鍵企業，主要以域名註冊而聞名。它在Internet Plus-related基礎設施中扮演着重要角色，支持DNS查詢並維護Internet Plus-related的13個根服務器中的兩個。儘管其職能至關重要，但公司的股票表現不佳，今年以來下跌了1.38%，與S&P 500上漲25%和納斯達克上漲30%相比。
Berkshire Hathaway, which first invested in VeriSign over a decade ago, has increased its holdings to over 13 million shares, valued at approximately $2.6 billion, making it the largest shareholder. According to the report, VeriSign's high-profit margins may be a factor in this investment decision. The company ranks fifth in profit margin among S&P 500 companies and third in operating margin among major U.S. companies.
伯克希爾·哈撒韋十多年前首次投資威瑞信，現在其持股已超過1300萬股，價值約爲26億美元，成爲最大的股東。根據報告，威瑞信的高利潤率可能是此投資決策的一個因素。該公司在S&P 500公司中按利潤率排名第五，在美國主要公司中按營業利潤率排名第三。
Despite its stock lagging behind major indices, VeriSign's essential role in internet infrastructure and its impressive profit margins make it an attractive investment for Buffett's firm.
儘管其股票落後於主要指數，威瑞信在Internet Plus-related基礎設施中的重要角色及其出色的利潤率使其成爲巴菲特公司吸引的投資對象。
As per Benzinga Pro data, VeriSign has a consensus price target of $243.67 based on the ratings of three analysts. As per the most-recent analyst rating by Baird has set an average price target of $216.67 with an implied 3.67% upside for the company.
根據Benzinga Pro的數據，威瑞信的共識價格目標是243.67美元，基於三位分析師的評級。根據Baird最近的分析師評級，設定的平均價格目標爲216.67美元，隱含上漲空間爲3.67%。
- Peter Lynch Shares Timeless Investment Rules: 'You Can Always Lose What You Have Invested, Even If A Stock Is Cheap'
- 彼得·林奇分享了天時資源投資規則： '你總是可能失去你所投資的，即使股票很便宜。'
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
免責聲明：此內容部分由Benzinga Neuro生成，並由Benzinga編輯審核和發佈。
Image via Shutterstock
圖片來源：Shutterstock
譯文內容由第三人軟體翻譯。
