Equities analysts predict that VeriSign, Inc. (NASDAQ:VRSN) will report $286.89 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for VeriSign’s earnings, with estimates ranging from $286.42 million to $287.36 million. VeriSign reported sales of $286.47 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.1%. The firm is expected to announce its next quarterly earnings results after the market closes on Thursday, July 27th.

According to Zacks, analysts expect that VeriSign will report full-year sales of $286.89 million for the current fiscal year. For the next year, analysts anticipate that the company will post sales of $1.19 billion per share. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for VeriSign.

VeriSign (NASDAQ:VRSN) last issued its earnings results on Thursday, April 27th. The information services provider reported $0.86 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.86. VeriSign had a negative return on equity of 36.75% and a net margin of 39.13%. The company had revenue of $288.60 million during the quarter, compared to the consensus estimate of $284.70 million. During the same period in the previous year, the company posted $0.85 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year.

Several equities analysts have weighed in on VRSN shares. Zacks Investment Research raised VeriSign from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Tuesday, May 2nd. Cowen and Company increased their price objective on VeriSign from $89.00 to $94.00 and gave the stock a “market perform” rating in a research report on Monday, April 3rd. Citigroup Inc. upgraded VeriSign from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 12th. Finally, BidaskClub upgraded VeriSign from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $87.80.

VeriSign (NASDAQ VRSN) traded up 0.11% during mid-day trading on Friday, reaching $98.95. The company had a trading volume of 501,442 shares. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 27.95 and a beta of 1.18. The stock has a 50-day moving average of $94.04 and a 200 day moving average of $87.63. VeriSign has a 12-month low of $74.01 and a 12-month high of $99.47.

Large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its stake in VeriSign by 28.5% in the first quarter. State of Alaska Department of Revenue now owns 8,471 shares of the information services provider’s stock worth $737,000 after buying an additional 1,881 shares during the last quarter. Hartford Investment Management Co. increased its stake in VeriSign by 56.2% in the first quarter. Hartford Investment Management Co. now owns 38,541 shares of the information services provider’s stock worth $3,357,000 after buying an additional 13,873 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in VeriSign by 0.4% in the first quarter. Nisa Investment Advisors LLC now owns 60,488 shares of the information services provider’s stock worth $5,269,000 after buying an additional 242 shares during the last quarter. Atria Investments LLC increased its stake in VeriSign by 39.0% in the first quarter. Atria Investments LLC now owns 6,880 shares of the information services provider’s stock worth $599,000 after buying an additional 1,929 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in VeriSign by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 30,378 shares of the information services provider’s stock worth $2,646,000 after buying an additional 200 shares during the last quarter.

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VeriSign Company Profile

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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