VeriSign (VRSN) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VeriSign in the last twelve months. 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.
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2 equities research analysts have issued 12-month price targets for VeriSign's stock. Their VRSN share price forecasts range from $245.00 to $249.00. On average, they expect the company's stock price to reach $247.00 in the next year. This suggests a possible upside of 23.6% from the stock's current price.
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VeriSign's stock was trading at $205.44 at the start of the year. Since then, VRSN shares have decreased by 2.7% and is now trading at $199.83.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
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VeriSign, Inc. (NASDAQ:VRSN) released its 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 had revenue of $372 million for the quarter, compared to analysts' expectations of $373 million. VeriSign had a negative trailing twelve-month return on equity of 45.15% and a net margin of 48.74%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $1.54 earnings per share.
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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).

VeriSign updated its FY 2023 earnings guidance on Friday, July, 28th. The company provided earnings per share 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.

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.

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).

VeriSign trades on the NASDAQ under the ticker symbol "VRSN."

VeriSign's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.03%), Ninety One UK Ltd (5.26%), State Street Corp (3.60%), Renaissance Technologies LLC (2.96%), Principal Financial Group Inc. (2.33%) and Geode Capital Management LLC (2.23%). Insiders that own company stock include D James Bidzos, Danny R Mcpherson, George E Kilguss III, Kathleen A Cote, Medpace Investors, Llc, Thomas C Indelicarto, Thomas F Frist III, Timothy Tomlinson, Todd B Strubbe and Todd B Strubbe.
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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.
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One share of VRSN stock can currently be purchased for approximately $199.83.

VeriSign (NASDAQ:VRSN) has a market capitalization of $20.61 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.

The company employs 914 workers across the globe.

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.