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

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

Verisign announced that its Board of Directors has authorized a share buyback 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. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Verisign, Inc. (NASDAQ:VRSN) announced its quarterly earnings data on Thursday, July, 25th. The information services provider reported $1.24 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.18 by $0.06. The information services provider earned $306.29 million during the quarter, compared to analysts' expectations of $306.57 million. Verisign had a net margin of 51.38% and a negative return on equity of 43.63%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company 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 analysts have issued 1-year target prices for Verisign's stock. Their predictions range from $160.00 to $240.00. On average, they anticipate Verisign's share price to reach $198.3333 in the next year. This suggests a possible upside of 4.0% from the stock's current price. 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.

Press coverage about VRSN stock has been trending somewhat negative on Sunday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Verisign earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave headlines about the information services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. 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), Obic (OBIIF), EPAM Systems (EPAM), Amdocs (DOX), Aspen Technology (AZPN), Zscaler (ZS), 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 Motorola Solutions (MSI), Alibaba Group (BABA), Netflix (NFLX), Rite Aid (RAD), NVIDIA (NVDA), Twitter (TWTR), Micron Technology (MU), Workday (WDAY), Costco Wholesale (COST) and Intel (INTC).

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%), BlackRock Inc. (8.33%), Renaissance Technologies LLC (6.50%), D. E. Shaw & Co. Inc. (2.73%) and Investec Asset Management LTD (2.12%). 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 purchased 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., BlackRock Inc., California Public Employees Retirement System and Eaton Vance Management. 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 $190.69.

Verisign has a market capitalization of $22.57 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]