VeriSign (VRSN) to Release Quarterly Earnings on Thursday

VeriSign (NASDAQ:VRSN) will likely be issuing 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 that wish to register for the company’s conference call can do so using this link.

VeriSign Stock Performance

VRSN opened at $216.02 on Tuesday. The stock has a market capitalization of $20.76 billion, a PE ratio of 25.12 and a beta of 0.90. The stock’s 50 day moving average price is $202.17 and its 200-day moving average price is $189.34. VeriSign has a 52-week low of $167.04 and a 52-week high of $217.66.

Insider Activity

In other VeriSign news, EVP Danny R. Mcpherson sold 2,092 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

VRSN has been the topic of several recent research reports. StockNews.com raised VeriSign from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Robert W. Baird raised 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 report on Monday, December 9th. Citigroup boosted their target price on VeriSign from $210.00 to $238.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a report 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.