This might be one of the most underrated stocks in the market.

Verisign is a global provider of domain name registry services and internet infrastructure. It’s best known for managing the .com and .net top-level domains.

It has grown revenue every year since 2008, maintaining profit margins of 50%—something only very few companies can do. In other words, it’s a cash cow.

And it just broke out after a six-year base. Now, the stock has been consolidating on low volume for the past few weeks.

So, I’m starting an initial position. Just a heads-up: earnings are tomorrow, so expect some volatility.