VeriSign (VRSN) to Release Quarterly Earnings on Thursday

VeriSign (NASDAQ:VRSN) will be issuing 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 that wish to register for the company’s conference call can do so using this link.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, February 8th. The information services provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.09. VeriSign had a net margin of 54.74% and a negative return on equity of 46.56%. The company had revenue of $380.40 million during the quarter, compared to analyst estimates 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 0.2 %

NASDAQ:VRSN opened at $185.12 on Wednesday. The company has a fifty day moving average of $190.16 and a 200 day moving average of $200.48. VeriSign has a 52 week low of $181.57 and a 52 week high of $229.72. The firm has a market capitalization of $18.54 billion, a P/E ratio of 23.37 and a beta of 0.88.

Insiders Place Their Bets

In related news, COO Todd B. Strubbe sold 9,423 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $193.21, for a total value of $1,820,617.83. Following the completion of 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 document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Thomas C. Indelicarto sold 614 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $190.00, for a total value of $116,660.00. Following the completion of the transaction, the executive vice president now directly owns 42,569 shares in the company, valued at approximately $8,088,110. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Todd B. Strubbe sold 9,423 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $193.21, for a total transaction of $1,820,617.83. Following the sale, the chief operating officer now directly owns 111,551 shares in the company, valued at $21,552,768.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,877 shares of company stock worth $2,878,864. 0.94% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on VRSN shares. Citigroup decreased their price objective on shares of VeriSign from $237.00 to $236.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd. StockNews.com lowered shares of 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.