We just covered the 12 Best Stocks to Invest In According to Jim Simons’ Renaissance Technologies and VeriSign, Inc. (NASDAQ:VRSN) ranks 6th on this list.
VeriSign, Inc. (NASDAQ:VRSN) is a long-term holding in the 13F portfolio of Renaissance Technologies. The company has featured consistently in the portfolio of the fund since the fourth quarter of 2010. Back then, this position comprised 3.3 million shares. By the third quarter of 2019, the fund had grown this stake to more than 8.2 million shares. Thereafter, it trimmed the holding, reducing it to under 3 million shares by the end of 2024. Filings for the first quarter of 2026 show that the fund owned 2.8 million shares in the firm, up more than 1% compared to filings for the fourth quarter of 2025.
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VeriSign, Inc. (NASDAQ:VRSN) recently posted earnings for the first quarter of 2026. The firm reported an adjusted diluted EPS of $2.34, outperforming the consensus analyst target of $2.30. Revenue climbed 6.6% year-over-year to $429 million, up from $402.3 million in Q1 2025, edging past expectations of $424.5 million. Following the operational outperformance, management confidently raised its full-year 2026 revenue guidance to a range of $1.730 billion to $1.745 billion, up from the previous $1.715 billion–$1.735 billion range. Full-year operating income expectations were similarly lifted to a range of $1.170 billion to $1.185 billion.
While we acknowledge the potential of VRSN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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