Somewhat Favorable News Coverage Somewhat Unlikely to Impact VeriSign (VRSN) Share Price
Headlines about VeriSign (NASDAQ:VRSN) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. VeriSign earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the information services provider an impact score of 44.6671834998623 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Comparing VeriSign (VRSN) and PFSweb (PFSW) (americanbankingnews.com)
- Analysts recommend to Hold stock: VeriSign, Inc. (VRSN) – Street Observer (press release) (streetobserver.com)
- Overbought stock: VeriSign, Inc. (VRSN) stock RSI reaches to 75.43 – Voice Of Analysts (analystsbuzz.com)
- VeriSign, Inc. (VRSN) Given “Hold” Rating at Robert W. Baird (americanbankingnews.com)
- $291.59 Million in Sales Expected for VeriSign, Inc. (VRSN) This Quarter (americanbankingnews.com)
VeriSign (NASDAQ:VRSN) opened at 108.29 on Thursday. The stock’s 50 day moving average price is $104.82 and its 200-day moving average price is $95.95. VeriSign has a 12 month low of $74.46 and a 12 month high of $110.82. The firm has a market capitalization of $10.82 billion, a P/E ratio of 29.51 and a beta of 1.19.
VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, July 27th. The information services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.06. The business had revenue of $289.00 million during the quarter, compared to analysts’ expectations of $287.47 million. VeriSign had a net margin of 39.92% and a negative return on equity of 36.99%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. Equities analysts forecast that VeriSign will post $3.97 earnings per share for the current year.
VRSN has been the subject of a number of analyst reports. BidaskClub lowered VeriSign from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Robert W. Baird set a $105.00 target price on VeriSign and gave the stock a “hold” rating in a report on Friday, October 6th. Cowen and Company restated a “market perform” rating and set a $94.00 target price on shares of VeriSign in a report on Monday, July 3rd. Finally, Zacks Investment Research lowered VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. VeriSign presently has an average rating of “Hold” and an average target price of $99.50.
In other news, Director Kathleen A. Cote sold 1,500 shares of VeriSign stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $99.94, for a total transaction of $149,910.00. Following the completion of the sale, the director now directly owns 38,294 shares of the company’s stock, valued at approximately $3,827,102.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Timothy Tomlinson sold 1,240 shares of VeriSign stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $101.00, for a total transaction of $125,240.00. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.
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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