VeriSign Inc. surged the most in almost three-and-a-half years after saying that it expects to keep running the .com Web domain-name registry, allaying concern that the company would lose control over a revenue source.
“VeriSign expects to continue to run the .com registry,” the Reston, Virginia-based company said today in a statement.
The stock increased 11 percent to $41.15 at the close in New York, for the largest gain since May 8, 2009.
Government agencies had been reviewing the agreement that gave VeriSign authority over .com domain names. The company said it “believes” that the Department of Justice has “substantially concluded its own review process.”
The Commerce Department’s review may extend beyond Nov. 30, VeriSign said.