VeriSign (VRSN) Projected to Post Earnings on Thursday

VeriSign (NASDAQ:VRSN - Get Free Report) is expected to be releasing its Q2 2025 earnings data after the market closes on Thursday, July 24th. Analysts expect VeriSign to post earnings of $2.20 per share and revenue of $410.35 million for the quarter. VeriSign has set its FY 2025 guidance at EPS.

VeriSign (NASDAQ:VRSN - Get Free Report) last released its earnings results on Thursday, April 24th. The information services provider reported $2.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.10. The company had revenue of $402.30 million for the quarter, compared to the consensus estimate of $400.44 million. VeriSign had a net margin of 50.23% and a negative return on equity of 41.37%. The company's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 EPS.

VeriSign Stock Performance

VRSN stock traded up $2.57 during mid-day trading on Friday, hitting $283.43. 356,867 shares of the company were exchanged, compared to its average volume of 755,222. The firm has a market cap of $26.61 billion, a P/E ratio of 34.65 and a beta of 0.78. VeriSign has a 1-year low of $172.49 and a 1-year high of $291.54. The firm's 50 day simple moving average is $280.85 and its 200 day simple moving average is $251.55.

VeriSign Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, May 19th. VeriSign's dividend payout ratio is 37.65%.

Analyst Ratings Changes

A number of research firms have issued reports on VRSN. Citigroup reiterated a "buy" rating on shares of VeriSign in a research report on Tuesday, July 8th. Robert W. Baird increased their price target on VeriSign from $285.00 to $305.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Finally, Wall Street Zen upgraded VeriSign from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th.

Insiders Place Their Bets

In other VeriSign news, CEO D James Bidzos sold 2,000 shares of the company's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $281.35, for a total value of $562,700.00. Following the completion of the sale, the chief executive officer directly owned 515,772 shares in the company, valued at approximately $145,112,452.20. This represents a 0.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas C. Indelicarto sold 501 shares of VeriSign stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $287.10, for a total transaction of $143,837.10. Following the completion of the transaction, the executive vice president directly owned 37,769 shares in the company, valued at $10,843,479.90. This represents a 1.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,004 shares of company stock valued at $11,278,592. 0.84% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VRSN. Advisors Asset Management Inc. lifted its position in shares of VeriSign by 25.3% in the first quarter. Advisors Asset Management Inc. now owns 198 shares of the information services provider's stock valued at $50,000 after acquiring an additional 40 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in VeriSign by 12.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,232 shares of the information services provider's stock valued at $313,000 after acquiring an additional 135 shares during the last quarter. Jones Financial Companies Lllp increased its position in VeriSign by 122.1% during the 1st quarter. Jones Financial Companies Lllp now owns 3,358 shares of the information services provider's stock worth $852,000 after purchasing an additional 1,846 shares during the period. NewEdge Advisors LLC lifted its stake in VeriSign by 104.5% in the 1st quarter. NewEdge Advisors LLC now owns 4,125 shares of the information services provider's stock valued at $1,047,000 after buying an additional 2,108 shares in the last quarter. Finally, Woodline Partners LP lifted its stake in shares of VeriSign by 38.5% during the 1st quarter. Woodline Partners LP now owns 6,874 shares of the information services provider's stock worth $1,745,000 after purchasing an additional 1,911 shares during the period. 92.90% of the stock is owned by institutional investors and hedge funds.

VeriSign Company Profile

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.