VeriSign (VRSN) Scheduled to Post Quarterly Earnings on Thursday

VeriSign (NASDAQ:VRSN) is scheduled to 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.Individual that wish to register for the company’s earnings conference call can do so using this link.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, February 8th. The information services provider reported $1.92 earnings per share 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 the consensus estimate 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 Trading Up 0.3 %

Shares of NASDAQ VRSN opened at $184.74 on Tuesday. VeriSign has a twelve month low of $181.57 and a twelve month high of $229.72. The company has a market capitalization of $18.50 billion, a price-to-earnings ratio of 23.33 and a beta of 0.88. The firm has a 50-day moving average of $190.35 and a two-hundred day moving average of $200.63.

Insider Buying and Selling

In related news, EVP Thomas C. Indelicarto sold 613 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $195.33, for a total value of $119,737.29. Following the transaction, the executive vice president now owns 43,143 shares in the company, valued at $8,427,122.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Thomas C. Indelicarto sold 613 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $195.33, for a total value of $119,737.29. Following the transaction, the executive vice president now owns 43,143 shares in the company, valued at $8,427,122.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Danny R. Mcpherson sold 2,875 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $194.19, for a total value of $558,296.25. Following the completion of the transaction, the executive vice president now owns 30,895 shares in the company, valued at approximately $5,999,500.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,877 shares of company stock worth $2,878,864. Insiders own 0.94% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on VRSN. Citigroup reduced their price target on shares of VeriSign from $237.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. StockNews.com lowered shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd.

About VeriSign

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.