Stock Watch: Network Solutions Climbs Again

The fact that Network Solutions (Nasdaq: NSOL) has given up its monopoly on its domain-name registration business has some investors concerned. But the stock has been rather strong for two trading sessions in a row. On Wednesday, a marketing deal with Internet infrastructure company helped Network Solutions stock climb 4-1/4 to 60-1/4.

Then, on Thursday, Hambrecht & Quist reiterated its strong buy rating on Network Solutions. Also Thursday, Network Solutions announced plans to launch a new Internet search service powered by its database of domain names in July. Network Solutions climbed 6 to 66-1/4 after the news.

What should actually seem fairly obvious is that Network Solutions is going to continue to dominate the fast-growing domain-name registration business for the foreseeable future. Losing its monopoly might actually be a good thing because it has forced Network Solutions to branch out into other services.

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