VeriSign (NASDAQ:VRSN) Issues Earnings Results, Hits Expectations

VeriSign (NASDAQ:VRSN) issued its earnings results on Thursday. The information services provider reported $2.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.00, Zacks reports. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. VeriSign updated its FY 2025 guidance to EPS.

VeriSign Price Performance

Shares of VRSN stock opened at $220.18 on Friday. The stock’s fifty day moving average price is $204.11 and its 200 day moving average price is $190.11. VeriSign has a 1-year low of $167.04 and a 1-year high of $222.25. The company has a market cap of $21.16 billion, a price-to-earnings ratio of 25.60 and a beta of 0.90.

Analysts Set New Price Targets

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

Insider Buying and Selling at VeriSign

In related news, EVP Danny R. Mcpherson sold 2,092 shares of the firm’s stock in a transaction on 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 in the company, valued at $5,033,391.51. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.84% of the stock is currently owned by company insiders.

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.