VeriSign, Inc. (VRSN) Scheduled to Post Earnings on Thursday
VeriSign, Inc. (NASDAQ:VRSN) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, October 26th. Analysts expect VeriSign to post earnings of $1.01 per share for the quarter.
VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, July 27th. The information services provider reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.06. The company had revenue of $289.00 million during the quarter, compared to the consensus estimate of $287.47 million. VeriSign had a net margin of 39.92% and a negative return on equity of 36.99%. VeriSign’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. On average, analysts expect VeriSign to post $3.97 EPS for the current fiscal year and $4.31 EPS for the next fiscal year.
VeriSign, Inc. (NASDAQ VRSN) opened at 108.55 on Wednesday. VeriSign, Inc. has a 12-month low of $75.15 and a 12-month high of $110.82. The company has a market capitalization of $10.85 billion, a P/E ratio of 29.59 and a beta of 1.19. The company has a 50-day moving average of $105.32 and a 200 day moving average of $96.32.
A number of analysts have commented on the stock. Robert W. Baird set a $105.00 target price on shares of VeriSign and gave the company a “hold” rating in a report on Friday, October 6th. BidaskClub raised shares of VeriSign from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research cut shares of VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $94.00 target price on shares of VeriSign in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $99.50.
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In other VeriSign news, Director Kathleen A. Cote sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $99.94, for a total transaction of $149,910.00. Following the completion of the sale, the director now directly owns 38,294 shares of the company’s stock, valued at $3,827,102.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Timothy Tomlinson sold 1,240 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $101.00, for a total transaction of $125,240.00. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.
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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