News stories about Verisign (NASDAQ:VRSN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Verisign earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the information services provider an impact score of 47.1885443230856 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- VeriSign, Inc. (VRSN) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High – NMSU Hеrаld (nmsuherald.com)
- Tech Stock Trending Alert – VeriSign, Inc. (VRSN) – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Comparing Verisign (VRSN) & TechTarget (TTGT) (americanbankingnews.com)
- Glowing Stock’s Review – VeriSign Inc (NASDAQ: VRSN) – Stocks Pen (stockspen.com)
- Analyst rating score for VeriSign, Inc. (VRSN) stands at 3.30 – Nasdaq Fortune (press release) (nasdaqfortune.com)
Verisign (NASDAQ:VRSN) opened at $121.00 on Wednesday. The company has a market cap of $11,677.77, a P/E ratio of 33.12 and a beta of 0.89. The company has a debt-to-equity ratio of -1.41, a quick ratio of 1.57 and a current ratio of 1.57. Verisign has a 1 year low of $85.84 and a 1 year high of $122.52.
Verisign announced that its Board of Directors has approved a share buyback plan on Thursday, February 8th that permits the company to buyback $586.00 million in outstanding shares. This buyback authorization permits the information services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
Several analysts have issued reports on VRSN shares. ValuEngine raised Verisign from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. BidaskClub raised Verisign from a “hold” rating to a “buy” rating in a research report on Saturday, February 10th. Zacks Investment Research upgraded Verisign from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, JPMorgan Chase & Co. lifted their price target on Verisign to $106.00 and gave the stock an “underweight” rating in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $106.25.
VeriSign, Inc is a provider of domain name registry services and Internet security. The Company operates through Registry Services and Security Services segment. Registry Services ensure the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS).
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