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

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

Verisign announced that its Board of Directors has approved a stock repurchase plan on Saturday, February 10th 2018, which allows the company to repurchase $586,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Verisign, Inc. (NASDAQ:VRSN) issued its quarterly earnings data on Thursday, April, 26th. The information services provider reported $1.07 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $298 million. Verisign had a net margin of 40.41% and a negative return on equity of 37.57%. The company's quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $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 analysts have issued 12-month price objectives for Verisign's shares. Their predictions range from $103.00 to $123.00. On average, they expect Verisign's share price to reach $109.25 in the next twelve months. View Analyst Ratings for Verisign.

Verisign saw a decrease in short interest in the month of 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 daily volume of 961,714 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.1% of the shares of the stock are short sold. View Verisign's Current Options Chain.

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), Aspen Technology (AZPN), EPAM Systems (EPAM), Sogou (SOGO), GEMALTO NV/S (GTOMY), Zscaler (ZS), Syntel (SYNT), Callidus Software (CALD), Virtusa (VRTU) and Luxoft (LXFT).

Media headlines about VRSN stock have been trending somewhat negative recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Verisign earned a daily sentiment score of 0.00 on Accern's scale. They also assigned news coverage about the information services provider an impact score of 45.49 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Verisign's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders 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 bought 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 $140.32.

Verisign has a market capitalization of $13.92 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]