VeriSign (VRSN) to Release Quarterly Earnings on Thursday

VeriSign (NASDAQ:VRSN) is projected 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. Parties interested in registering for the company’s conference call can do so using this link.

VeriSign Trading Up 0.5 %

Shares of VeriSign stock opened at $216.02 on Tuesday. The stock has a 50 day moving average of $202.17 and a 200 day moving average of $189.34. VeriSign has a 12 month low of $167.04 and a 12 month high of $217.66. The firm has a market cap of $20.76 billion, a PE ratio of 25.12 and a beta of 0.90.

Insider Activity

In related news, EVP Danny R. Mcpherson sold 2,092 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $192.43, for a total value of $402,563.56. Following the completion of the transaction, the executive vice president now owns 26,157 shares of the company’s stock, valued at approximately $5,033,391.51. This represents a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

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

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.