VeriSign, Inc., together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. It 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 support global e-commerce. The company also back-end systems for .cc, .gov, .edu, and .name domain names, as well as operates distributed servers, networking, security, and data integrity services. VeriSign, Inc. was incorporated in 1995 and is headquartered in Reston, Virginia.
VeriSign Stock Performance
Shares of NASDAQ:VRSN traded down $2.57 during trading on Thursday, hitting $197.28. The company's stock had a trading volume of 430,171 shares, compared to its average volume of 693,700. The business has a 50 day moving average price of $176.66 and a two-hundred day moving average price of $193.95. The company has a market capitalization of $21.16 billion, a PE ratio of 26.88 and a beta of 1.00. VeriSign has a fifty-two week low of $155.25 and a fifty-two week high of $257.03.
VeriSign (NASDAQ:VRSN - Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The information services provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.52 by $0.02. The business had revenue of $351.90 million during the quarter, compared to the consensus estimate of $348.77 million. VeriSign had a net margin of 59.09% and a negative return on equity of 47.84%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 earnings per share. As a group, equities analysts expect that VeriSign will post 6.05 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, Robert W. Baird lowered VeriSign from an "outperform" rating to a "neutral" rating and cut their target price for the company from $260.00 to $210.00 in a research report on Friday, April 29th.
Insider Buying and Selling
In other VeriSign news, Director Timothy Tomlinson sold 685 shares of the company's stock in a transaction on Monday, August 1st. The shares were sold at an average price of $186.80, for a total value of $127,958.00. Following the completion of the transaction, the director now owns 15,692 shares in the company, valued at $2,931,265.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.98% of the company's stock.