NASDAQ:VRSN - Verisign Stock Price, News & Analysis

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

Verisign declared that its board has authorized a stock buyback plan on Saturday, February 10th 2018, which authorizes the company to repurchase $586,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Verisign, Inc. (NASDAQ:VRSN) released its earnings results on Thursday, July, 25th. The information services provider reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $1.18 by $0.06. The information services provider earned $306.29 million during the quarter, compared to analyst estimates of $306.57 million. Verisign had a negative return on equity of 43.63% and a net margin of 51.38%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 EPS. View Verisign's Earnings History.

Verisign is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for Verisign.

3 brokerages have issued 1 year price targets for Verisign's stock. Their forecasts range from $160.00 to $240.00. On average, they anticipate Verisign's stock price to reach $198.3333 in the next year. This suggests that the stock has a possible downside of 2.9%. View Analyst Price Targets for Verisign.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verisign in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Verisign.

News coverage about VRSN stock has been trending positive on Thursday, according to InfoTrie. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Verisign earned a news sentiment score of 2.5 on InfoTrie's scale. They also gave media stories about the information services provider a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the next few days. View News Stories for Verisign.

Some companies that are related to Verisign include Infosys (INFY), Cognizant Technology Solutions (CTSH), Wipro (WIT), NTT DATA CORP/ADR (NTDTY), EPAM Systems (EPAM), Obic (OBIIF), Aspen Technology (AZPN), Zscaler (ZS), Amdocs (DOX), GEMALTO NV/S (GTOMY), PROS (PRO), Endava (DAVA), Sogou (SOGO), Perficient (PRFT) and Virtusa (VRTU).

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

Verisign's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.76%), BlackRock Inc. (8.33%), Renaissance Technologies LLC (6.50%), D. E. Shaw & Co. Inc. (2.73%), Investec Asset Management LTD (2.12%) and APG Asset Management N.V. (1.54%). 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 Waddell & Reed Financial Inc., Balyasny Asset Management LLC, Janus Henderson Group PLC, Janus Henderson Group PLC, APG Asset Management N.V., Investec Asset Management LTD, First Trust Advisors LP and Schroder Investment Management Group. Company insiders that have sold Verisign company stock in the last year include Kathleen A Cote, 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 Nuveen Asset Management LLC, AQR Capital Management LLC, Renaissance Technologies LLC, Wells Fargo & Company MN, BlackRock Inc., California Public Employees Retirement System, Eaton Vance Management and Vanguard Group Inc.. 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, Scottrade, Fidelity and Charles Schwab.

One share of VRSN stock can currently be purchased for approximately $204.30.

Verisign has a market capitalization of $24.18 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]