VeriSign (VRSN) is an American company that operates a diverse array of network infrastructure, including two of the Internet's thirteen root nameservers, the authoritative registry for the .com, .net, and .name generic top-level domains and the .cc and .tv country-code top-level domains, and the back-end systems for the .jobs, .gov, and .edu top-level domains. Verisign also offers a range of security services, including managed DNS, distributed denial-of-service (DDoS) attack mitigation and cyber-threat reporting.The company recently released a robust report for 3Q15. Quarterly revenue rose 4.2% y-o-y to USD 265.8 mn. Adjusted EPS was up 11% y-o-y to 78 cents. Increase in domain names and rising prices for domain name registration became revenue growth driver.Number of domain names rose by 1.68 mn to 135.2 mn in 3Q, which is 3.4% higher than a year earlier.In addition, the company continues to buy back its shares. VeriSign spent USD 156 mn for buyback in 3Q and plans to allocate USD 605 mn for buyback.We believe that the number of domain names, as well as price for domain names, will continue to increase due to explosive growth of the Internet, which along with ongoing buyback program will boost the company’s shares. We assign a Buy recommendation for the name in the mid-term. $VRSN, VeriSign, Inc. / 1440