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

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

Verisign declared that its Board of Directors has initiated a share buyback program on Saturday, February 10th 2018, which permits the company to repurchase $586,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase 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 EPS for the quarter, beating the consensus estimate of $1.31 by $0.05. The information services provider had revenue of $308.42 million for the quarter, compared to analyst estimates of $308.34 million. Verisign had a net margin of 52.60% and a negative return on equity of 44.38%. The company's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 earnings per share. 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 share price to reach $217.50 in the next year. This suggests a possible upside of 14.7% 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.

Media headlines about VRSN stock have been trending positive this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Verisign earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned media coverage 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 several days. View News Stories for Verisign.

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), LogMeIn (LOGM), Cimpress (CMPR), ANGI Homeservices (ANGI), Cornerstone OnDemand (CSOD), Envestnet (ENV), LivePerson (LPSN) and Yelp (YELP).

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), Intel (INTC), Rite Aid (RAD), Twitter (TWTR), Micron Technology (MU), Costco Wholesale (COST) and Baidu (BIDU).

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 bought 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 $189.70.

Verisign has a market capitalization of $22.27 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]