VeriSign - VRSN Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VeriSign in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" VRSN shares.
View VRSN analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 12-month price targets for VeriSign's shares. Their VRSN share price forecasts range from $252.00 to $265.00. On average, they predict the company's share price to reach $258.50 in the next twelve months. This suggests a possible upside of 28.5% from the stock's current price.
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VeriSign's stock was trading at $205.44 at the beginning of the year. Since then, VRSN shares have decreased by 2.1% and is now trading at $201.09.
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VeriSign saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 1,100,000 shares, a drop of 16.0% from the February 13th total of 1,310,000 shares. Based on an average trading volume of 671,300 shares, the short-interest ratio is currently 1.6 days. Currently, 1.1% of the shares of the company are sold short.
View VeriSign's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our VRSN earnings forecast.

VeriSign, Inc. (NASDAQ:VRSN) announced its quarterly earnings results on Thursday, February, 9th. The information services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.17. The information services provider earned $369.20 million during the quarter, compared to the consensus estimate of $366.10 million. VeriSign had a net margin of 47.30% and a negative trailing twelve-month return on equity of 46.13%. The company's revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 earnings per share.
Read the conference call transcript.

ETFs with the largest weight of VeriSign (NASDAQ:VRSN) stock in their portfolio include ETFMG Prime Cyber Security ETF (HACK), Invesco Dynamic Market ETF (PWC), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), First Trust NASDAQ Cybersecurity ETF (CIBR), VictoryShares Nasdaq Next 50 ETF (QQQN), Natixis Vaughan Nelson Select ETF (VNSE), SPDR S&P Internet ETF (XWEB) and SEI Enhanced U.S. Large Cap Quality Factor ETF (SEIQ).

VeriSign updated its FY 2023 earnings guidance on Thursday, February, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.49 billion-$1.50 billion, compared to the consensus revenue estimate of $1.54 billion.

114 employees have rated VeriSign Chief Executive Officer D. James Bidzos on Glassdoor.com. D. James Bidzos has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other VeriSign investors own include NVIDIA (NVDA), Home Depot (HD), Netflix (NFLX), Intel (INTC), Costco Wholesale (COST), Micron Technology (MU), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Cisco Systems (CSCO) and Boeing (BA).

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

VeriSign's stock is owned by many different institutional and retail investors. Top institutional shareholders include Ninety One UK Ltd (3.91%), Renaissance Technologies LLC (2.91%), Macquarie Group Ltd. (2.90%), Principal Financial Group Inc. (2.41%), Geode Capital Management LLC (2.12%) and Cantillon Capital Management LLC (1.62%). Insiders that own company stock include D James Bidzos, Danny R Mcpherson, George E Kilguss III, Kathleen A Cote, Medpace Investors, Llc, Thomas C Indelicarto, Thomas F Frist III, Timothy Tomlinson, Todd B Strubbe and Todd B Strubbe.
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Shares of VRSN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VRSN stock can currently be purchased for approximately $201.09.

VeriSign (NASDAQ:VRSN) has a market capitalization of $21.09 billion and generates $1.42 billion in revenue each year. The information services provider earns $673.80 million in net income (profit) each year or $6.25 on an earnings per share basis.

The company employs 902 workers across the globe.

VeriSign's mailing address is 12061 Bluemont Way, Reston VA, 20190. The official website for the company is www.verisign.com. The information services provider can be reached via phone at (703) 948-3200, via email at ir@verisign.com, or via fax at 703-421-4873.