Verisign (VRSN) Receives Daily Media Sentiment Rating of 0.22

News headlines about Verisign (NASDAQ:VRSN) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Verisign earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the information services provider an impact score of 46.6391950825509 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted Accern’s scoring:

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Verisign stock traded up $0.47 during mid-day trading on Tuesday, hitting $116.21. The company’s stock had a trading volume of 122,119 shares, compared to its average volume of 1,083,557. The company has a market cap of $11,514.61, a P/E ratio of 31.45 and a beta of 0.86. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of -1.41. Verisign has a 52-week low of $87.02 and a 52-week high of $127.24.

Verisign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.01). The business had revenue of $295.50 million during the quarter, compared to analysts’ expectations of $294.93 million. Verisign had a negative return on equity of 36.88% and a net margin of 39.25%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. equities analysts forecast that Verisign will post 4.19 earnings per share for the current fiscal year.

Verisign announced that its Board of Directors has initiated a stock repurchase program on Thursday, February 8th that allows the company to repurchase $586.00 million in shares. This repurchase authorization allows the information services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Several equities research analysts have recently commented on the company. BidaskClub downgraded Verisign from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. JPMorgan Chase upped their target price on Verisign to $106.00 and gave the company an “underweight” rating in a report on Monday, February 26th. Zacks Investment Research raised Verisign from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, ValuEngine raised Verisign from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One investment 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. Verisign currently has an average rating of “Hold” and an average price target of $106.25.

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Verisign Company Profile

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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