NASDAQ:VRSN - Verisign Stock Price, Price Target & More

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

Verisign announced that its board has authorized a stock repurchase plan on Saturday, February 10th 2018, which permits the company to repurchase $586,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Verisign, Inc. (NASDAQ:VRSN) announced its earnings results on Thursday, April, 26th. The information services provider reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.06 by $0.01. The information services provider had revenue of $299.29 million for the quarter, compared to analysts' expectations of $298 million. Verisign had a negative return on equity of 37.57% and a net margin of 40.41%. Verisign's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 earnings per share. View Verisign's Earnings History.

Verisign is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for Verisign.

4 equities research analysts have issued 12 month price objectives for Verisign's shares. Their forecasts range from $103.00 to $123.00. On average, they anticipate Verisign's stock price to reach $113.25 in the next twelve months. This suggests that the stock has a possible downside of 24.0%. View Analyst Ratings for Verisign.

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

Some companies that are related to Verisign include Cognizant Technology Solutions (CTSH), Infosys (INFY), Wipro (WIT), NTT DATA Corp/ADR (NTDTY), Amdocs (DOX), Obic (OBIIF), EPAM Systems (EPAM), Aspen Technology (AZPN), GEMALTO NV/S (GTOMY), Zscaler (ZS), Sogou (SOGO), Syntel (SYNT), Callidus Software (CALD), Virtusa (VRTU) and Luxoft (LXFT).

Media stories about VRSN stock have trended somewhat negative recently, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Verisign earned a news sentiment score of -0.02 on Accern's scale. They also assigned press coverage about the information services provider an impact score of 47.17 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Verisign's stock is owned by a number of of retail and institutional investors. Top institutional investors include Bank of Montreal Can (0.38%), Gateway Investment Advisers LLC (0.14%), State of Alaska Department of Revenue (0.07%), Port Capital LLC (0.05%), NN Investment Partners Holdings N.V. (0.05%) and Denali Advisors LLC (0.04%). Company insiders that own Verisign stock include Kathleen A Cote and Timothy Tomlinson. View Institutional Ownership Trends for Verisign.

VRSN stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, LS Investment Advisors LLC, Hartford Investment Management Co., Fox Run Management L.L.C., NN Investment Partners Holdings N.V., Assenagon Asset Management S.A., Port Capital LLC and Nisa Investment Advisors LLC. Company insiders that have sold Verisign company stock in the last year include Kathleen A Cote 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 Denali Advisors LLC, State of Alaska Department of Revenue, Meag Munich Ergo Kapitalanlagegesellschaft MBH, DnB Asset Management AS, Amalgamated Bank, CenturyLink Investment Management Co, Contravisory Investment Management Inc. and Fjarde AP Fonden Fourth Swedish National Pension Fund. 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 $149.09.

Verisign has a market capitalization of $14.36 billion and generates $1.17 billion in revenue each year. The information services provider earns $457.24 million in net income (profit) each year or $3.68 on an earnings per share basis. Verisign employs 952 workers across the globe.

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]