Shares of domain name registry operator Verisign (NASDAQ:VRSN) fell 8.5% in the morning session after news that major shareholder Berkshire Hathaway sold a significant portion of its stake in the company at a discount.

VeriSign is set to announce its earnings on July 24. In last five years, VRSN stock has displayed an equal division in one-day returns following earnings announcements.

VeriSign shares declined after the company announced an underwritten secondary offering of its common stock by affiliates of Berkshire Hathaway. The stock fell 7.5% to $283.01 in after-hours trading on Monday. Shares have risen 48% year to date through market close.

VeriSign has strong profit margins, resumed dividends, and key risks like cyber threats. Read here to know why VRSN stock earns a neutral hold rating.

VeriSign has delivered consistent revenue growth, and its operating margin has remained stable in the range of 67% and 69% over this period. The company’s reported bottom line increased 21% to ...

VeriSign shares dropped after the company released the pricing of its previously announced underwritten secondary offering of its common stock by affiliates of Berkshire Hathaway. Shares were down 7% at $284.72 on Tuesday. The stock has been down 1.6% this month.

VeriSign's most critical function is its role in the Domain Name System address book, which governs what happens when Web users type common name Web addresses into their browsers.

The Sage of Omaha's company will make over $1.2 billion from the sale, according to an announcement on Monday.

Revenue at SoFi jumps 44%, UnitedHealth restores financial guidance, and Sarepta soars after being notified by the FDA the company may lift its voluntary pause on shipments of Elevidys for ambulatory patients with Duchenne muscular dystrophy.