Verisign Stock Price, Forecast & Analysis (NASDAQ:VRSN)

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

Verisign declared that its board has authorized a stock repurchase program on Saturday, February 10th 2018, which allows the company to buyback $586,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Verisign, Inc. (NASDAQ:VRSN) issued its quarterly earnings data on Thursday, October, 24th. The information services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.05. The information services provider had revenue of $308.42 million for the quarter, compared to analysts' expectations of $308.34 million. Verisign had a negative return on equity of 44.38% and a net margin of 52.60%. The company's revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm earned $1.23 EPS. View Verisign's Earnings History.

Verisign is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Verisign.

2 analysts have issued 1 year price objectives for Verisign's stock. Their forecasts range from $195.00 to $240.00. On average, they expect Verisign's stock price to reach $217.50 in the next year. This suggests a possible upside of 17.0% from the stock's current price. View Analyst Price Targets for Verisign.

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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Verisign.

News coverage about VRSN stock has been trending positive this week, according to InfoTrie. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Verisign earned a coverage optimism score of 2.6 on InfoTrie's scale. They also gave media headlines about the information services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Verisign.

Verisign saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,400,000 shares, an increase of 10.2% from the August 30th total of 1,270,000 shares. Based on an average trading volume of 612,200 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.2% of the company's shares are sold short. View Verisign's Current Options Chain.

Some companies that are related to Verisign include Facebook (FB), Equinix (EQIX), eBay (EBAY), Twitter (TWTR), CoStar Group (CSGP), Akamai Technologies (AKAM), SEA (SE), J2 Global (JCOM), ANGI Homeservices (ANGI), Cimpress (CMPR), Cornerstone OnDemand (CSOD), LogMeIn (LOGM), Envestnet (ENV), Yelp (YELP) and LivePerson (LPSN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Verisign investors own include Alibaba Group (BABA), Motorola Solutions (MSI), NVIDIA (NVDA), Netflix (NFLX), Rite Aid (RAD), Twitter (TWTR), Micron Technology (MU), Intel (INTC), Workday (WDAY) and Costco Wholesale (COST).

Verisign's stock is owned by many different of institutional and retail investors. Top institutional shareholders include First Trust Advisors LP (1.51%), Cantillon Capital Management LLC (1.29%), California Public Employees Retirement System (0.76%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Robeco Institutional Asset Management B.V. (0.37%) and Massachusetts Financial Services Co. MA (0.18%). Company insiders that own Verisign stock include Kathleen A Cote, Thomas C Indelicarto and Timothy Tomlinson. View Institutional Ownership Trends for Verisign.

VRSN stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Mackay Shields LLC, Teacher Retirement System of Texas, Denali Advisors LLC, Cantillon Capital Management LLC, Argyle Capital Management Inc., Stephens Inc. AR and Gateway Investment Advisers LLC. Company insiders that have sold Verisign company stock in the last year include Thomas C Indelicarto and Timothy Tomlinson. View Insider Buying and Selling for Verisign.

VRSN stock was acquired by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Robeco Institutional Asset Management B.V., California Public Employees Retirement System, State of New Jersey Common Pension Fund D, SG Americas Securities LLC, State of Alaska Department of Revenue, Virginia Retirement Systems ET AL and New York State Teachers Retirement System. View Insider Buying and Selling for Verisign.

Shares of VRSN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of VRSN stock can currently be purchased for approximately $185.96.

Verisign has a market capitalization of $21.83 billion and generates $1.21 billion in revenue each year. The information services provider earns $582.48 million in net income (profit) each year or $4.75 on an earnings per share basis. Verisign employs 900 workers across the globe.View Additional Information About Verisign.

The official website for Verisign is http://www.verisign.com/.

Verisign's mailing address is 12061 Bluemont Way, Reston VA, 20190. The information services provider can be reached via phone at 703-948-3200 or via email at [email protected]