VeriSign Inc. Hits New 52-Week High at $60.16 (VRSN)
Shares of VeriSign (NASDAQ:VRSN) hit a new 52-week high on Thursday, Analyst Ratings Network.com reports. The company traded as high as $60.16 and last traded at $59.87, with a volume of 1,398,120 shares trading hands. The stock had previously closed at $59.78.
A number of analysts have recently weighed in on VRSN shares. Analysts at Zacks reiterated a “neutral” rating on shares of VeriSign in a research note to investors on Friday, December 20th. They now have a $61.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of VeriSign from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 2nd. Finally, analysts at Thomson Reuters/Verus downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a research note to investors on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $50.85.
VeriSign has a 52 week low of $37.55 and a 52 week high of $59.89. The stock has a 50-day moving average of $57.16 and a 200-day moving average of $51.15. The company has a market cap of $8.226 billion and a P/E ratio of 26.42.
VeriSign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.03. The company had revenue of $244.00 million for the quarter, compared to the consensus estimate of $240.52 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis.
VeriSign, Inc (NASDAQ:VRSN) is a provider of Internet infrastructure services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.