VeriSign (VRSN) to Post Earnings on Thursday

VeriSign (NASDAQ:VRSN) is anticipated 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

VeriSign Stock Up 1.1 %

VRSN stock opened at $218.50 on Wednesday. VeriSign has a 52-week low of $167.04 and a 52-week high of $219.57. The firm has a market cap of $21.00 billion, a P/E ratio of 25.41 and a beta of 0.90. The company’s 50-day simple moving average is $202.86 and its 200-day simple moving average is $189.61.

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Danny R. Mcpherson sold 2,092 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was 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. The trade was a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.