VeriSign, Inc. (NASDAQ:VRSN – Get Free Report) EVP Danny R. Mcpherson sold 125 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $208.40, for a total value of $26,050.00. Following the completion of the transaction, the executive vice president now owns 24,281 shares of the company’s stock, valued at approximately $5,060,160.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
VeriSign Price Performance
VRSN opened at $210.12 on Friday. The stock has a 50-day moving average price of $204.16 and a 200-day moving average price of $211.88. The firm has a market cap of $21.66 billion, a PE ratio of 29.93 and a beta of 0.94. VeriSign, Inc. has a 1 year low of $188.44 and a 1 year high of $229.72.
VeriSign (NASDAQ:VRSN – Get Free Report) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.09. The firm had revenue of $376.30 million during the quarter, compared to analyst estimates of $378.31 million. VeriSign had a negative return on equity of 45.68% and a net margin of 49.38%. VeriSign’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 EPS. As a group, sell-side analysts anticipate that VeriSign, Inc. will post 7.15 EPS for the current year.
Hedge Funds Weigh In On VeriSign
Analyst Upgrades and Downgrades
VRSN has been the subject of a number of research reports. StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Citigroup decreased their price objective on VeriSign from $252.00 to $249.00 and set a “buy” rating for the company in a report on Monday, July 24th.
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 the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.
- Five stocks we like better than VeriSign
- Investing In Automotive Stocks
- S&P 500’s Whirlwind: Big gains, warning whispers & tactical moves
- Earnings Per Share Calculator: How to Calculate EPS
- MarketBeat Week in Review – 11/13 – 11/17
- What Are Dividend Achievers? An Introduction
- 3 large caps with red hot RSIs with upside
Receive News & Ratings for VeriSign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VeriSign and related companies with MarketBeat.com's FREE daily email newsletter.