Does the name of a company have any effect on its SEO rankings of its official site?

[King Belieal]

In today's world of companies and businesses having digital presence, most business institutions don't just have online presence but they also want visibility in the online space.

Does the name of a company affect how highly a site would be ranked in SEO?

 

[Nomad]

It does not if the company is new in the world wide web but once it starts becoming popular on the internet, the name has a SEO value