VeriSign (VRSN) Projected to Post Quarterly Earnings on Thursday

VeriSign (NASDAQ:VRSN) is anticipated to issue its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $2.00 per share and revenue of $394.15 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

VeriSign Trading Up 0.3 %

VRSN stock opened at $213.78 on Thursday. The business’s fifty day moving average price is $200.26 and its 200 day moving average price is $188.58. VeriSign has a 12-month low of $167.04 and a 12-month high of $216.83. The company has a market capitalization of $20.54 billion, a PE ratio of 24.86 and a beta of 0.89.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VRSN shares. StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Robert W. Baird upgraded shares of VeriSign from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $200.00 to $250.00 in a report on Monday, December 9th. Citigroup raised their price objective on shares of VeriSign from $210.00 to $238.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Baird R W upgraded shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th.

Insider Buying and Selling at VeriSign

In related news, EVP Danny R. Mcpherson sold 2,092 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $192.43, for a total value of $402,563.56. Following the completion of the sale, the executive vice president now owns 26,157 shares in the company, valued at $5,033,391.51. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.84% of the stock is owned by corporate insiders.

VeriSign Company Profile

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.