VeriSign - VRSN Stock Forecast, Price & News

VeriSign, Inc., together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. It enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which support global e-commerce. The company also back-end systems for .cc, .gov, .edu, and .name domain names, as well as operates distributed servers, networking, security, and data integrity services. VeriSign, Inc. was incorporated in 1995 and is headquartered in Reston, Virginia.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lowered VeriSign from an "outperform" rating to a "neutral" rating and cut their price target for the company from $260.00 to $210.00 in a report on Friday, April 29th.

VeriSign Price Performance

Shares of NASDAQ:VRSN traded up $0.78 during mid-day trading on Wednesday, reaching $204.78. The company's stock had a trading volume of 525,803 shares, compared to its average volume of 687,145. The firm has a market capitalization of $21.97 billion, a PE ratio of 27.90 and a beta of 1.00. The stock has a fifty day moving average of $178.52 and a two-hundred day moving average of $193.54. VeriSign has a 52 week low of $155.25 and a 52 week high of $257.03.

VeriSign (NASDAQ:VRSN - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The information services provider reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.02. The firm had revenue of $351.90 million during the quarter, compared to analyst estimates of $348.77 million. VeriSign had a negative return on equity of 47.84% and a net margin of 59.09%. The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.31 earnings per share. Analysts anticipate that VeriSign will post 6.05 EPS for the current fiscal year.

Insider Transactions at VeriSign

In other news, Director Timothy Tomlinson sold 685 shares of the company's stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $186.80, for a total value of $127,958.00. Following the completion of the transaction, the director now owns 15,692 shares of the company's stock, valued at $2,931,265.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO D James Bidzos sold 12,707 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $200.04, for a total transaction of $2,541,908.28. Following the completion of the transaction, the chief executive officer now directly owns 687,051 shares of the company's stock, valued at $137,437,682.04. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Timothy Tomlinson sold 685 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $186.80, for a total value of $127,958.00. Following the transaction, the director now directly owns 15,692 shares of the company's stock, valued at $2,931,265.60. The disclosure for this sale can be found here. Insiders sold a total of 16,685 shares of company stock valued at $3,340,848 over the last 90 days. Company insiders own 0.98% of the company's stock.