VeriSign (VRSN) Scheduled to Post Quarterly Earnings on Thursday

VeriSign (NASDAQ:VRSN) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.84 per share for the quarter. VeriSign has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, February 8th. The information services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.09. VeriSign had a negative return on equity of 46.56% and a net margin of 54.74%. The firm had revenue of $380.40 million for the quarter, compared to analysts’ expectations of $381.01 million. On average, analysts expect VeriSign to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

VeriSign Stock Up 0.3 %

NASDAQ:VRSN opened at $184.74 on Tuesday. The business’s 50-day moving average price is $190.35 and its two-hundred day moving average price is $200.63. VeriSign has a twelve month low of $181.57 and a twelve month high of $229.72. The stock has a market cap of $18.50 billion, a P/E ratio of 23.33 and a beta of 0.88.

Insider Activity

In other news, COO Todd B. Strubbe sold 9,423 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $193.21, for a total transaction of $1,820,617.83. Following the transaction, the chief operating officer now directly owns 111,551 shares in the company, valued at approximately $21,552,768.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Todd B. Strubbe sold 9,423 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $193.21, for a total transaction of $1,820,617.83. Following the transaction, the chief operating officer now directly owns 111,551 shares in the company, valued at approximately $21,552,768.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas C. Indelicarto sold 613 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $199.05, for a total value of $122,017.65. Following the transaction, the executive vice president now owns 34,816 shares in the company, valued at $6,930,124.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,877 shares of company stock worth $2,878,864. 0.94% of the stock is currently owned by insiders.

Analyst Ratings Changes

VRSN has been the topic of several recent analyst reports. Citigroup lowered their price target on VeriSign from $237.00 to $236.00 and set a “buy” rating on the stock in a report on Tuesday, April 2nd. StockNews.com cut VeriSign from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.

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.