VeriSign (VRSN) Projected to Post Earnings on Thursday

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

VeriSign Price Performance

Shares of VRSN stock opened at $218.50 on Wednesday. VeriSign has a 1-year low of $167.04 and a 1-year high of $219.57. The firm has a market cap of $21.00 billion, a PE ratio of 25.41 and a beta of 0.90. The company has a 50-day moving average of $202.86 and a two-hundred day moving average of $189.61.

Insiders Place Their Bets

In related news, EVP Danny R. Mcpherson sold 2,092 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $192.43, for a total transaction of $402,563.56. Following the sale, the executive vice president now directly owns 26,157 shares in the company, valued at approximately $5,033,391.51. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Robert W. Baird upgraded shares of VeriSign from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $200.00 to $250.00 in a report on Monday, December 9th. StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Citigroup lifted their target price on VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Baird R W raised shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th.

About VeriSign

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.