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

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

Verisign announced that its board has approved a stock buyback program on Saturday, February 10th 2018, which authorizes the company to buyback $586,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Verisign, Inc. (NASDAQ:VRSN) released its quarterly earnings data on Thursday, April, 26th. The information services provider reported $1.07 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.06 by $0.01. The information services provider had revenue of $299.29 million for the quarter, compared to the consensus estimate of $298 million. Verisign had a negative return on equity of 37.57% and a net margin of 40.41%. Verisign's revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. 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 targets for Verisign's stock. Their predictions range from $103.00 to $123.00. On average, they anticipate Verisign's share 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).

Headlines about VRSN stock have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Verisign earned a media sentiment score of 0.00 on Accern's scale. They also gave news stories about the information services provider an impact score of 44.73 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Verisign's stock is owned by many different of retail and institutional investors. Top institutional shareholders 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 acquired 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]isign.com.