VeriSign (VRSN) to Release Quarterly Earnings on Thursday

VeriSign (NASDAQ:VRSN – Get Rating) will post its quarterly earnings results after the market closes on Thursday, April 28th. Analysts expect VeriSign to post earnings of $1.39 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

VeriSign (NASDAQ:VRSN – Get Rating) last released its quarterly earnings data on Thursday, February 10th. The information services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.10. The company had revenue of $340.00 million for the quarter, compared to analyst estimates of $340.37 million. VeriSign had a negative return on equity of 45.19% and a net margin of 59.12%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.38 EPS. On average, analysts expect VeriSign to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

NASDAQ VRSN opened at $219.43 on Thursday. The firm has a market cap of $24.08 billion, a PE ratio of 31.30 and a beta of 0.92. VeriSign has a one year low of $198.53 and a one year high of $257.03. The stock’s 50 day simple moving average is $214.55 and its 200 day simple moving average is $224.47.

In related news, Director Timothy Tomlinson sold 293 shares of VeriSign stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $207.31, for a total value of $60,741.83. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Thomas C. Indelicarto sold 614 shares of VeriSign stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $217.16, for a total transaction of $133,336.24. The disclosure for this sale can be found here. Insiders have sold 18,976 shares of company stock valued at $4,033,268 over the last 90 days. Company insiders own 1.27% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Stifel Financial Corp grew its stake in shares of VeriSign by 2.1% during the fourth quarter. Stifel Financial Corp now owns 17,424 shares of the information services provider’s stock worth $4,422,000 after buying an additional 360 shares during the last quarter. Metropolitan Life Insurance Co NY grew its stake in shares of VeriSign by 16.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 10,962 shares of the information services provider’s stock worth $2,782,000 after buying an additional 1,540 shares during the last quarter. Sei Investments Co. grew its stake in shares of VeriSign by 8.6% during the fourth quarter. Sei Investments Co. now owns 10,688 shares of the information services provider’s stock worth $2,715,000 after buying an additional 847 shares during the last quarter. LPL Financial LLC grew its stake in shares of VeriSign by 22.6% during the fourth quarter. LPL Financial LLC now owns 5,516 shares of the information services provider’s stock worth $1,400,000 after buying an additional 1,016 shares during the last quarter. Finally, Toroso Investments LLC grew its stake in shares of VeriSign by 31.4% during the fourth quarter. Toroso Investments LLC now owns 5,124 shares of the information services provider’s stock worth $1,301,000 after buying an additional 1,223 shares during the last quarter. 90.52% of the stock is currently owned by hedge funds and other institutional investors.

Separately, StockNews.com started coverage on VeriSign in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

About VeriSign (Get Rating)

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. It enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which support global e-commerce.

See Also