Max Moore's questions to VeriSign, Inc (VRSN) leadership • Q3 2024
Question
Max Moore inquired about Verisign's capital allocation strategy, specifically the future pace of share buybacks and whether the company would consider using leverage to accelerate them. He also requested more specific examples of the new marketing initiatives being rolled out to registrars.
Answer
Executive Chairman, President and CEO Jim Bidzos stated that the company maintains a conservative approach to financial stability and increasing leverage is not a priority. EVP and CFO George Kilguss added that Verisign will continue to return excess cash efficiently, consistent with its historical practices. Regarding marketing, Kilguss explained that the new programs offer registrars more choice, with some designed to upsell existing customers and others to attract new ones, all while focusing on higher renewal rate cohorts.