VeriSign (VRSN) Releases Quarterly Earnings Results, Beats Estimates By $0.37 EPS
VeriSign (NASDAQ:VRSN) released its earnings data on Thursday. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.37, Stock Ratings News reports. The company had revenue of $246.00 million for the quarter, compared to the consensus estimate of $244.77 million.
Several analysts have recently commented on the stock. 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. On a related note, 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. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $52.17.
VeriSign (NASDAQ:VRSN) traded down 0.18% on Thursday, hitting $55.42. The stock had a trading volume of 6,728,583 shares. VeriSign has a 52-week low of $43.28 and a 52-week high of $62.96. The stock’s 50-day moving average is $59.87 and its 200-day moving average is $53.76. The company has a market cap of $7.595 billion and a P/E ratio of 24.53. VeriSign also was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 22,714,378 shares, a drop of 8.5% from the December 31st total of 24,641,765 shares. Based on an average daily volume of 1,501,995 shares, the short-interest ratio is currently 15.1 days. Approximately 16.8% of the shares of the stock are sold short.
VeriSign, Inc (NASDAQ:VRSN) is a provider of Internet infrastructure services.
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