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NASDAQ:VRSN

VeriSign (VRSN) Stock Price, News & Analysis

$182.63
-0.57 (-0.31%)
(As of 05:12 PM ET)
Today's Range
$182.38
$184.37
50-Day Range
$183.20
$201.02
52-Week Range
$182.38
$229.72
Volume
556,457 shs
Average Volume
573,779 shs
Market Capitalization
$18.29 billion
P/E Ratio
23.06
Dividend Yield
N/A
Price Target
$240.50

VeriSign MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
31.3% Upside
$240.50 Price Target
Short Interest
Healthy
1.75% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.52
Upright™ Environmental Score
News Sentiment
0.89mentions of VeriSign in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$3.71 M Sold Last Quarter
Proj. Earnings Growth
7.93%
From $7.82 to $8.44 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.67 out of 5 stars

Computer And Technology Sector

51st out of 589 stocks

Software - Infrastructure Industry

2nd out of 4 stocks

VRSN stock logo

About VeriSign Stock (NASDAQ:VRSN)

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. It operates directory for .name and .cc; and back-end systems for .edu, domain names. VeriSign, Inc. was incorporated in 1995 and is headquartered in Reston, Virginia.

VRSN Stock Price History

VRSN Stock News Headlines

Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Verisign: Smaller Player With No Discount
VRSN Apr 2024 195.000 call
VeriSign Stock (NASDAQ:VRSN) Insider Trades
VeriSign, Inc.
VRSN Mar 2024 200.000 call
VRSN Mar 2024 210.000 call
VRSN Jun 2024 155.000 put
VRSN Apr 2024 190.000 call
VRSN Mar 2024 100.000 put
Decoding VeriSign Inc (VRSN): A Strategic SWOT Insight
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Today
4/16/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Software - Infrastructure
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:VRSN
CUSIP
92343E10
Employees
907
Year Founded
1995

Price Target and Rating

Average Stock Price Target
$240.50
High Stock Price Target
$245.00
Low Stock Price Target
$236.00
Potential Upside/Downside
+31.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$817.60 million
Pretax Margin
65.40%

Debt

Sales & Book Value

Annual Sales
$1.49 billion
Cash Flow
$7.41 per share
Book Value
($15.48) per share

Miscellaneous

Free Float
99,198,000
Market Cap
$18.38 billion
Optionable
Optionable
Beta
0.88

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Should I Buy VeriSign Stock? VRSN Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in VeriSign, Inc.:

  • VeriSign, Inc. provides domain name registry services and internet infrastructure that enable internet navigation for recognized domain names worldwide, supporting global e-commerce.
  • The company ensures the security, stability, and resiliency of internet infrastructure and services, including root zone maintainer services and operating internet root servers.
  • Recent insider transactions show confidence in the company, with executives purchasing and holding significant shares.
  • VeriSign's stock price has shown consistent growth over the past year, indicating positive investor sentiment and potential for further appreciation.
  • The company's focus on internet software & services within the custom computer programming services industry positions it well for future technological advancements and market demand.

Cons

Investors should be bearish about investing in VeriSign, Inc. for these reasons:

  • Market volatility and regulatory changes in the internet services sector could impact VeriSign's operations and financial performance.
  • Competition in the domain name registry services industry is intense, with other players constantly innovating and potentially challenging VeriSign's market position.
  • Dependency on the stability of internet infrastructure and global economic conditions may expose the company to external risks beyond its control.
  • Ownership concentration by institutional investors and insiders could lead to limited influence for individual shareholders in company decisions.
  • Investors should carefully monitor VeriSign's financial reports and industry developments to make informed decisions due to the dynamic nature of the technology sector.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these VeriSign pros and cons to contact@marketbeat.com.

VRSN Stock Analysis - Frequently Asked Questions

Should I buy or sell VeriSign stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for VeriSign in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" VRSN shares.
View VRSN analyst ratings
or view top-rated stocks.

What is VeriSign's stock price target for 2024?

2 Wall Street research analysts have issued 12-month target prices for VeriSign's shares. Their VRSN share price targets range from $236.00 to $245.00. On average, they expect the company's share price to reach $240.50 in the next twelve months. This suggests a possible upside of 31.3% from the stock's current price.
View analysts price targets for VRSN
or view top-rated stocks among Wall Street analysts.

How have VRSN shares performed in 2024?

VeriSign's stock was trading at $205.96 on January 1st, 2024. Since then, VRSN stock has decreased by 11.1% and is now trading at $183.13.
View the best growth stocks for 2024 here
.

When is VeriSign's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our VRSN earnings forecast
.

How can I listen to VeriSign's earnings call?

VeriSign will be holding an earnings conference call on Thursday, April 25th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were VeriSign's earnings last quarter?

VeriSign, Inc. (NASDAQ:VRSN) announced its quarterly earnings data on Thursday, February, 8th. The information services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.09. The information services provider had revenue of $380.40 million for the quarter, compared to the consensus estimate of $381.01 million. VeriSign had a net margin of 54.74% and a negative trailing twelve-month return on equity of 46.56%.

What guidance has VeriSign issued on next quarter's earnings?

VeriSign issued an update on its FY 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.6 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion.

What is D. James Bidzos' approval rating as VeriSign's CEO?

114 employees have rated VeriSign Chief Executive Officer D. James Bidzos on Glassdoor.com. D. James Bidzos has an approval rating of 76% among the company's employees.

What other stocks do shareholders of VeriSign own?

Based on aggregate information from My MarketBeat watchlists, some companies that other VeriSign investors own include NVIDIA (NVDA), Home Depot (HD), Netflix (NFLX), Intel (INTC), Costco Wholesale (COST), Micron Technology (MU), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Cisco Systems (CSCO) and Boeing (BA).

Who are VeriSign's major shareholders?

VeriSign's stock is owned by many different institutional and retail investors. Top institutional investors include Douglas Lane & Associates LLC (0.10%), Los Angeles Capital Management LLC (0.07%), Overbrook Management Corp (0.05%), Alaska Permanent Fund Corp (0.04%), Czech National Bank (0.02%) and Appleton Partners Inc. MA (0.01%). Insiders that own company stock include D James Bidzos, Danny R Mcpherson, George E Kilguss III, Kathleen A Cote, Medpace Investors, Llc, Thomas C Indelicarto, Thomas F Frist III, Timothy Tomlinson, Todd B Strubbe and Todd B Strubbe.
View institutional ownership trends
.

How do I buy shares of VeriSign?

Shares of VRSN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does VeriSign have any subsidiaries?
The following companies are subsidiares of VeriSign: 1 Global Place, 3united AG, CallVision, Geotrust Europe, H.O. Systems, Illuminet Holdings, Jamba, Kollective Technology, Moreover, Moreover Technologies, Network solution, Signio, SiteRock K.K., Thawte Consulting, UNC-Embratel, Unimobile Inc, inCode Wireless, and m-Qube.
Read More
This page (NASDAQ:VRSN) was last updated on 4/16/2024 by MarketBeat.com Staff

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