VeriSign (NASDAQ:VRSN) Posts Quarterly Earnings Results, Hits Expectations

VeriSign (NASDAQ:VRSN) issued its quarterly earnings results on Thursday. The information services provider reported $2.00 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.00, Zacks reports. VeriSign had a net margin of 50.47% and a negative return on equity of 44.06%. VeriSign updated its FY 2025 guidance to EPS.

VeriSign Stock Performance

VeriSign stock opened at $221.39 on Friday. VeriSign has a fifty-two week low of $167.04 and a fifty-two week high of $224.00. The firm has a market capitalization of $21.28 billion, a price-to-earnings ratio of 27.67 and a beta of 0.90. The stock’s fifty day moving average is $204.68 and its two-hundred day moving average is $190.32.

Insider Buying and Selling at VeriSign

In related news, EVP Danny R. Mcpherson sold 2,092 shares of VeriSign stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $192.43, for a total transaction of $402,563.56. Following the completion of the sale, the executive vice president now owns 26,157 shares in the company, valued at approximately $5,033,391.51. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Robert W. Baird upgraded 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 research report on Monday, December 9th. StockNews.com raised VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, Citigroup boosted their target price on shares of VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday.

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.