NASDAQ:VRSN

VeriSign (VRSN) Stock Forecast, Price & News

$202.53

-0.06 (-0.03%)

(As of 09/29/2023 ET)

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Today's Range: $202.30
▼
$204.72
50-Day Range: $198.48
▼
$211.88
52-Week Range: $169.24
▼
$229.72

Volume: 363,709 shs
Average Volume: 482,785 shs
Market Capitalization: $20.89 billion

P/E Ratio: 29.92
Dividend Yield: N/A
Price Target: $247.00

VeriSign MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 22.0% Upside
$247.00 Price Target
Short Interest: Healthy
0.86% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.52
Upright™ Environmental Score
News Sentiment: 1.09
Based on 9 Articles This Week
Insider Trading: Selling Shares
$5.36 M Sold Last Quarter
Proj. Earnings Growth: 10.40%
From $7.02 to $7.75 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.30 out of 5 stars

Computer And Technology Sector

285th out of 608 stocks

Custom Computer Programming Services Industry

12th out of 26 stocks

2.3

Analyst's Opinion

Consensus Rating
VeriSign has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $247.00, VeriSign has a forecasted upside of 22.0% from its current price of $202.53.
Amount of Analyst Coverage
VeriSign has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.86% of the float of VeriSign has been sold short.
Short Interest Ratio / Days to Cover
VeriSign has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in VeriSign has recently increased by 4.71%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
VeriSign does not currently pay a dividend.
Dividend Growth
VeriSign does not have a long track record of dividend growth.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
VeriSign has received a 24.98% net impact score from Upright. Verisign seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is false driven by its "Virtual servers" and "Hosted domain name system services" products. See details.
Environmental Sustainability
The Environmental Impact score for VeriSign is -0.52.

2.8

News and Social Media Coverage

News Sentiment
VeriSign has a news sentiment score of 1.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for VeriSign this week, compared to 4 articles on an average week.
MarketBeat Follows
Only 2 people have added VeriSign to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, VeriSign insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,361,660.00 in company stock.
Percentage Held by Insiders
Only 0.94% of the stock of VeriSign is held by insiders.
Percentage Held by Institutions
90.95% of the stock of VeriSign is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for VeriSign are expected to grow by 10.40% in the coming year, from $7.02 to $7.75 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of VeriSign is 29.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 107.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of VeriSign is 29.92, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 222.99.

See Top Rated MarketRank™ Stocks Here

About VeriSign (NASDAQ:VRSN) Stock

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 the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce. It also back-end systems for .cc, .gov, .edu, and .name domain names, as well as operates distributed servers, networking, security, and data integrity services. The company was incorporated in 1995 and is headquartered in Reston, Virginia.

VRSN Price History

30 days | 90 days | 365 days | Advanced Chart

VRSN Stock News Headlines

September 30, 2023 | americanbankingnews.com

VeriSign (NASDAQ:VRSN) Rating Increased to Buy at StockNews.com

September 24, 2023 | americanbankingnews.com

StockNews.com Downgrades VeriSign (NASDAQ:VRSN) to Hold

October 1, 2023 | Oxford Club (Ad)

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September 23, 2023 | thestreet.com

Why VeriSign (VRSN) Is Down Today

September 22, 2023 | finance.yahoo.com

Investors Heavily Search VeriSign, Inc. (VRSN): Here is What You Need to Know

September 22, 2023 | finance.yahoo.com

VeriSign (VRSN) Stock Moves -0.21%: What You Should Know

September 20, 2023 | marketwatch.com

VeriSign Inc. stock rises Wednesday, outperforms market

September 9, 2023 | finance.yahoo.com

VeriSign (VRSN) Reveals Q1 Domain Name Registration Numbers

October 1, 2023 | Stansberry Research (Ad)

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September 8, 2023 | finance.yahoo.com

VeriSign (VRSN) Q2 Domain Name Registrations Rise 1.2% Y/Y

September 8, 2023 | morningstar.com

VeriSign Inc VRSN Stock Quote

September 7, 2023 | finance.yahoo.com

VeriSign (VRSN) Gains As Market Dips: What You Should Know

September 7, 2023 | finance.yahoo.com

DNIB.com Reports Internet Has 356.6 Million Domain Name Registrations at the End of the Second Quarter of 2023

September 6, 2023 | finance.yahoo.com

Why Is RingCentral (RNG) Down 0.7% Since Last Earnings Report?

September 1, 2023 | finance.yahoo.com

VeriSign (VRSN) Stock Sinks As Market Gains: What You Should Know

August 25, 2023 | thestreet.com

VeriSign Rises On Unusually High Volume (VRSN)

August 18, 2023 | sg.finance.yahoo.com

VeriSign, Inc. (VRSN) stock price, news, quote & history – Yahoo Finance

August 11, 2023 | markets.businessinsider.com

NCMEC Announces Expanded Partnership with Leading Internet Company, Verisign

August 10, 2023 | benzinga.com

VeriSign EVP Trades Company's Stock

August 9, 2023 | seekingalpha.com

VeriSign: Not Investing In This Monopoly, Limited Potential Upside

August 8, 2023 | seekingalpha.com

VeriSign: It's Not Day One

August 3, 2023 | benzinga.com

VeriSign Recent Insider Activity

August 2, 2023 | benzinga.com

President & COO of VeriSign Makes $1.68M Sale

July 28, 2023 | markets.businessinsider.com

Verisign Inc. Profit Climbs In Q2, Beats estimates

July 28, 2023 | theglobeandmail.com

VeriSign (NASDAQ:VRSN) Reports Q2 In Line With Expectations

July 28, 2023 | finance.yahoo.com

Verisign Reports Second Quarter 2023 Results

July 28, 2023 | reuters.com

Verisign posts higher revenue on demand for domain-name registry

See More Headlines

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VRSN Company Calendar

Last Earnings: 7/27/2023
Today: 10/01/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Custom computer programming services
Sub-Industry: Internet Software & Services
Sector: Computer and Technology
Current Symbol: NASDAQ:VRSN
CUSIP: 92343E10
CIK: 1014473
Web: www.verisign.com
Phone: (703) 948-3200
Fax: 703-421-4873
Employees: 914
Year Founded: 1995

Price Target and Rating

Average Stock Price Forecast: $247.00
High Stock Price Forecast: $249.00
Low Stock Price Forecast: $245.00
Forecasted Upside/Downside: +22.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.77
Trailing P/E Ratio: 29.92
Forward P/E Ratio: 28.85
P/E Growth: N/A
Net Income: $673.80 million
Net Margins: 48.74%
Pretax Margin: 63.69%
Return on Equity: -45.15%
Return on Assets: 41.26%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.87
Quick Ratio: 0.87

Sales & Book Value

Annual Sales: $1.42 billion
Price / Sales: 14.66
Cash Flow: $6.80 per share
Price / Cash Flow: 29.80
Book Value: ($14.73) per share
Price / Book: -13.75

Miscellaneous

Outstanding Shares: 103,130,000
Free Float: 102,165,000
Market Cap: $20.89 billion
Optionable: Optionable
Beta: 0.96

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Key Executives

Mr. D. James Bidzos (Age 68)
Exec. Chairman & CEO
Comp: $2.28M

Mr. Todd B. Strubbe (Age 60)
Pres & COO
Comp: $1.15M

Mr. George E. Kilguss III (Age 62)
Exec. VP & CFO
Comp: $1.05M

Mr. Thomas C. Indelicarto (Age 59)
Exec. VP, Gen. Counsel & Sec.
Comp: $970.86k

Mr. Danny R. McPherson
Exec. VP of Engineering & Operations and Chief Security Officer

Dr. Burt Kaliski Jr.
Sr. VP & CTO

Mr. David Atchley (Age 51)
VP, Treasury & Investor Relations

Ms. Christine Lentz
Sr. VP of Corp. Services & Compliance

Mr. Ebrahim Keshavarz
Sr. VP of Marketing, Product & Channel Management

Ms. Ellen Petrocci
Sr. VP of HR

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VRSN Stock - Frequently Asked Questions

Should I buy or sell VeriSign stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VeriSign in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" VRSN shares.
View VRSN analyst ratings or view top-rated stocks.
What is VeriSign's stock price forecast for 2023?: 2 analysts have issued 1-year price targets for VeriSign's shares. Their VRSN share price forecasts range from $245.00 to $249.00. On average, they expect the company's share price to reach $247.00 in the next year. This suggests a possible upside of 22.0% from the stock's current price.
View analysts price targets for VRSN or view top-rated stocks among Wall Street analysts.
How have VRSN shares performed in 2023?: VeriSign's stock was trading at $205.44 on January 1st, 2023. Since then, VRSN shares have decreased by 1.4% and is now trading at $202.53.
View the best growth stocks for 2023 here.
When is VeriSign's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our VRSN earnings forecast.
How were VeriSign's earnings last quarter?: VeriSign, Inc. (NASDAQ:VRSN) released its quarterly earnings results on Thursday, July, 27th. The information services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.09. The information services provider earned $372 million during the quarter, compared to analysts' expectations of $373 million. VeriSign had a net margin of 48.74% and a negative trailing twelve-month return on equity of 45.15%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.54 earnings per share.
Read the conference call transcript.
What ETFs hold VeriSign's stock?: ETFs with the largest weight of VeriSign (NASDAQ:VRSN) stock in their portfolio include Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), ETFMG Prime Cyber Security ETF (HACK), Upholdings Compound Kings ETF (KNGS), SPDR S&P Internet ETF (XWEB), Natixis Vaughan Nelson Select ETF (VNSE), Invesco Bloomberg MVP Multi-factor ETF (PWC), First Trust Nasdaq Cybersecurity ETF (CIBR) and VictoryShares Nasdaq Next 50 ETF (QQQN).
What guidance has VeriSign issued on next quarter's earnings?: VeriSign updated its FY 2023 earnings guidance on Friday, July, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.49 billion-$1.50 billion, compared to the consensus revenue estimate of $1.50 billion.
What is D. James Bidzos' approval rating as VeriSign's CEO?: 114 employees have rated VeriSign Chief Executive Officer D. James Bidzos on Glassdoor.com. D. James Bidzos has an approval rating of 76% among the company's employees.

What other stocks do shareholders of VeriSign own?: Based on aggregate information from My MarketBeat watchlists, some companies that other VeriSign investors own include NVIDIA (NVDA), Home Depot (HD), Netflix (NFLX), Intel (INTC), Costco Wholesale (COST), Micron Technology (MU), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Cisco Systems (CSCO) and Boeing (BA).
What is VeriSign's stock symbol?: VeriSign trades on the NASDAQ under the ticker symbol "VRSN."
How do I buy shares of VeriSign?: Shares of VRSN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is VeriSign's stock price today?: One share of VRSN stock can currently be purchased for approximately $202.53.
How much money does VeriSign make?: VeriSign (NASDAQ:VRSN) has a market capitalization of $20.89 billion and generates $1.42 billion in revenue each year. The information services provider earns $673.80 million in net income (profit) each year or $6.77 on an earnings per share basis.
How many employees does VeriSign have?: The company employs 914 workers across the globe.
Does VeriSign have any subsidiaries?: The following companies are subsidiares of VeriSign: 1 Global Place, 3united AG, CallVision, Geotrust Europe, H.O. Systems, Illuminet Holdings, Jamba, Kollective Technology, Moreover, Moreover Technologies, Network solution, Signio, SiteRock K.K., Thawte Consulting, UNC-Embratel, Unimobile Inc, inCode Wireless, and m-Qube.
Read More
How can I contact VeriSign?: VeriSign's mailing address is 12061 Bluemont Way, Reston VA, 20190. The official website for the company is www.verisign.com. The information services provider can be reached via phone at (703) 948-3200, via email at ir@verisign.com, or via fax at 703-421-4873.

This page (NASDAQ:VRSN) was last updated on 10/1/2023 by MarketBeat.com Staff

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