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

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

Verisign declared that its Board of Directors has approved a share buyback program on Saturday, February 10th 2018, which authorizes the company to buyback $586,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is undervalued.

Verisign (NASDAQ:VRSN) posted its earnings results on Thursday, April, 26th. The information services provider reported $1.07 EPS for the quarter, beating analysts' consensus estimates 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%. The company's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 EPS. View Verisign's Earnings History.

Verisign is scheduled to release their next quarterly earnings announcement on Wednesday, July, 25th 2018. View Earnings Estimates for Verisign.

4 brokerages have issued twelve-month price objectives for Verisign's stock. Their forecasts range from $103.00 to $123.00. On average, they expect Verisign's stock price to reach $109.25 in the next twelve months. View Analyst Ratings for Verisign.

Verisign saw a decrease in short interest in May. As of May 15th, there was short interest totalling 2,016,801 shares, a decrease of 86.0% from the April 30th total of 14,366,689 shares. Based on an average trading volume of 961,714 shares, the short-interest ratio is presently 2.1 days. Approximately 2.1% of the shares of the company are sold short.

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

Press coverage about VRSN stock has been trending somewhat negative recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Verisign earned a media sentiment score of -0.03 on Accern's scale. They also assigned news headlines about the information services provider an impact score of 47.09 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Verisign's stock is owned by a number of of retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (3.49%), Northern Trust Corp (1.26%), Cantillon Capital Management LLC (1.26%), American Century Companies Inc. (1.11%), Guggenheim Capital LLC (0.76%) and Schwab Charles Investment Management Inc. (0.52%). 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 Ontario Teachers Pension Plan Board, Millennium Management LLC, Principal Financial Group Inc., Northern Trust Corp, Swiss National Bank, SG Americas Securities LLC, Markston International LLC and Envestnet Asset Management Inc.. 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 acquired by a variety of institutional investors in the last quarter, including American Century Companies Inc., Massachusetts Financial Services Co. MA, Hound Partners LLC, Teacher Retirement System of Texas, Employees Retirement System of Texas, DekaBank Deutsche Girozentrale, Matarin Capital Management LLC and Hsbc Holdings PLC. 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 $128.50.

Verisign has a market capitalization of $12.44 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]