Analysts expect that Verisign, Inc. (NASDAQ:VRSN) will report sales of $294.77 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Verisign’s earnings. The lowest sales estimate is $293.71 million and the highest is $295.83 million. Verisign posted sales of $286.27 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, February 8th.

On average, analysts expect that Verisign will report full year sales of $294.77 million for the current financial year, with estimates ranging from $1.16 billion to $1.17 billion. For the next year, analysts forecast that the company will post sales of $1.21 billion per share. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Verisign.

Verisign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. Verisign had a negative return on equity of 36.88% and a net margin of 39.79%. The company had revenue of $292.40 million for the quarter, compared to analyst estimates of $290.90 million. During the same quarter in the prior year, the firm posted $0.93 EPS. Verisign’s quarterly revenue was up 1.7% compared to the same quarter last year.

Several research firms recently weighed in on VRSN. Zacks Investment Research upgraded Verisign from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Robert W. Baird set a $105.00 price objective on Verisign and gave the company a “hold” rating in a research note on Friday, October 6th. Citigroup boosted their price objective on Verisign from $101.00 to $111.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Finally, Cowen reiterated a “hold” rating and set a $103.00 price objective on shares of Verisign in a research note on Sunday, October 29th. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Verisign has an average rating of “Hold” and an average target price of $106.33.

Verisign (NASDAQ VRSN) traded up $0.57 during trading hours on Friday, reaching $111.47. The company had a trading volume of 716,200 shares, compared to its average volume of 1,100,367. Verisign has a one year low of $78.43 and a one year high of $118.28. The stock has a market cap of $11,030.00, a price-to-earnings ratio of 30.13 and a beta of 1.04. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -1.45.

Several large investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC grew its holdings in Verisign by 1.4% in the third quarter. Parametric Portfolio Associates LLC now owns 413,642 shares of the information services provider’s stock valued at $44,007,000 after purchasing an additional 5,573 shares during the period. AXA boosted its position in shares of Verisign by 992.5% in the 3rd quarter. AXA now owns 150,253 shares of the information services provider’s stock valued at $15,985,000 after purchasing an additional 136,500 shares during the period. Visionary Asset Management Inc. purchased a new stake in Verisign during the 3rd quarter valued at approximately $200,000. Public Employees Retirement System of Ohio raised its stake in Verisign by 1.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,546 shares of the information services provider’s stock valued at $4,314,000 after acquiring an additional 732 shares during the last quarter. Finally, IFM Investors Pty Ltd purchased a new stake in Verisign during the 3rd quarter valued at approximately $271,000.

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About Verisign

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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