VeriSign, Inc. (VRSN) Scheduled to Post Earnings on Thursday
VeriSign, Inc. (NASDAQ:VRSN) will issue its quarterly earnings data after the market closes on Thursday, July 27th. Analysts expect the company to announce earnings of $0.99 per share for the quarter.
VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, April 27th. The information services provider reported $0.86 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.86. The firm had revenue of $288.60 million during the quarter, compared to analysts’ expectations of $284.70 million. VeriSign had a net margin of 39.13% and a negative return on equity of 36.75%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. On average, analysts expect VeriSign to post $3.97 EPS for the current fiscal year and $4.37 EPS for the next fiscal year.
VeriSign, Inc. (NASDAQ VRSN) opened at 98.61 on Thursday. The company’s 50 day moving average is $93.79 and its 200-day moving average is $87.55. VeriSign, Inc. has a 52-week low of $74.01 and a 52-week high of $98.98. The stock has a market cap of $10.01 billion, a PE ratio of 27.86 and a beta of 1.18.
A number of equities research analysts have weighed in on VRSN shares. Zacks Investment Research upgraded shares of VeriSign from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Tuesday, May 2nd. Citigroup Inc. upgraded shares of VeriSign from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 12th. BidaskClub upgraded shares of VeriSign from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Finally, Cowen and Company boosted their target price on shares of VeriSign from $89.00 to $94.00 and gave the company a “market perform” rating in a research note on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $87.80.
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VeriSign, Inc is a provider of domain name registry services and Internet security. The Company operates through Registry Services and Security Services segment. Registry Services ensure the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS).
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