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 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" VRSN shares.
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2 equities research analysts have issued twelve-month target prices for VeriSign's shares. Their VRSN share price forecasts range from $252.00 to $265.00. On average, they predict the company's stock price to reach $258.50 in the next twelve months. This suggests a possible upside of 15.3% 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 stock has increased by 9.1% and is now trading at $224.13.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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VeriSign, Inc. (NASDAQ:VRSN) announced its quarterly earnings results on Thursday, April, 27th. The information services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. The information services provider had revenue of $364.40 million for the quarter, compared to the consensus estimate of $367.32 million. VeriSign had a net margin of 48.20% and a negative trailing twelve-month return on equity of 45.19%. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 earnings per share.
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ETFs with the largest weight of VeriSign (NASDAQ:VRSN) stock in their portfolio include ETFMG Prime Cyber Security ETF (HACK), SPDR S&P Internet ETF (XWEB), Invesco Dynamic Market ETF (PWC), UPHOLDINGS Compound Kings ETF (KNGS), First Trust Nasdaq Cybersecurity ETF (CIBR), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), VictoryShares Nasdaq Next 50 ETF (QQQN) and SEI Enhanced U.S. Large Cap Quality Factor ETF (SEIQ).

VeriSign updated its FY 2023 earnings guidance on Friday, April, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.49 billion-$1.50 billion, compared to the consensus revenue estimate of $1.51 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.79%), Ninety One UK Ltd (5.27%), State Street Corp (3.54%), Renaissance Technologies LLC (3.06%), Macquarie Group Ltd. (3.02%) and Macquarie Group Ltd. (3.01%). 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 $224.13.

VeriSign (NASDAQ:VRSN) has a market capitalization of $23.38 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 $6.52 on an earnings per share basis.

The company employs 902 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.