Verisign (VRSN) Announces Quarterly Results - InvestingChannel

Verisign (VRSN) Announces Quarterly Results

Verisign (NASDAQ: VRSN) released its earnings data on Thursday. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.08. The company had revenue of $230.20 million for the quarter, compared to the consensus estimate of $229.28 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company?s quarterly revenue was up 13.1% on a year-over-year basis.

A number of analysts have recently weighed in on VRSN shares. Analysts at B. Riley initiated coverage on shares of Verisign in a research note to investors on Friday, January 11th. They set a ?neutral? rating and a $39.00 price target on the stock. On the ratings front, analysts at B. Riley Caris initiated coverage on shares of Verisign in a research note to investors on Friday, January 11th. They set a ?neutral? rating and a $39.00 price target on the stock. Finally, analysts at JPMorgan Chase reiterated a ?neutral? rating on shares of Verisign in a research note to investors on Monday, December 31st. They now have a $38.00 price target on the stock. Verisign (VRSN) traded up 0.30% on Thursday, hitting $39.99. Verisign (VRSN) has a 1-year low of $32.81 and a 1-year high of $50.15. The stock?s 50-day moving average is currently $38.20. The company has a market cap of $6.209 billion and a price-to-earnings ratio of 24.34.

Verisign operates in one segment, Naming Services, which consists of Registry Services and Network Intelligence and Availability (“NIA”) Services.