VeriSign (NASDAQ:VRSN) Issues Quarterly Earnings Results

VeriSign (NASDAQ:VRSN) posted its quarterly earnings data on Thursday. The information services provider reported $2.00 EPS for the quarter, meeting analysts’ consensus estimates of $2.00, Zacks reports. VeriSign had a net margin of 50.47% and a negative return on equity of 44.06%. VeriSign updated its FY 2025 guidance to EPS.

VeriSign Price Performance

Shares of VRSN stock opened at $221.39 on Friday. The company’s fifty day moving average price is $204.68 and its two-hundred day moving average price is $190.32. The firm has a market capitalization of $21.28 billion, a P/E ratio of 27.67 and a beta of 0.90. VeriSign has a 12 month low of $167.04 and a 12 month high of $224.00.

Wall Street Analyst Weigh In

VRSN has been the subject of a number of research analyst reports. Citigroup increased their target price on shares of VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday. Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $200.00 to $250.00 in a research report on Monday, December 9th. Baird R W upgraded shares of VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th.

Insider Transactions at VeriSign

In other news, EVP Danny R. Mcpherson sold 2,092 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $192.43, for a total transaction of $402,563.56. Following the transaction, the executive vice president now owns 26,157 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.84% of the company’s stock.

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.