VeriSign (VRSN) to Release Quarterly Earnings on Thursday

VeriSign (NASDAQ:VRSN) will be announcing its earnings results 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.Persons interested in registering for the company’s earnings conference call can do so using this link.

VeriSign (NASDAQ:VRSN) last announced its earnings results on Thursday, February 8th. The information services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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 0.2 %

Shares of VRSN opened at $185.12 on Wednesday. VeriSign has a 52-week low of $181.57 and a 52-week high of $229.72. The firm’s fifty day moving average is $190.16 and its two-hundred day moving average is $200.48. The stock has a market cap of $18.54 billion, a PE ratio of 23.37 and a beta of 0.88.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VRSN. Citigroup lowered their target price on shares of VeriSign from $237.00 to $236.00 and set a “buy” rating on the stock in a research note on Tuesday, April 2nd. StockNews.com cut shares of VeriSign from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd.

Insider Transactions at VeriSign

In other news, EVP Thomas C. Indelicarto sold 614 shares of VeriSign stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $190.00, for a total transaction of $116,660.00. Following the transaction, the executive vice president now owns 41,955 shares in the company, valued at approximately $7,971,450. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Thomas C. Indelicarto sold 613 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $199.05, for a total value of $122,017.65. Following the sale, the executive vice president now directly owns 34,816 shares in the company, valued at approximately $6,930,124.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas C. Indelicarto sold 614 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $190.00, for a total transaction of $116,660.00. Following the completion of the sale, the executive vice president now owns 41,955 shares in the company, valued at $7,971,450. The disclosure for this sale can be found here. Insiders have sold a total of 14,877 shares of company stock worth $2,878,864 in the last quarter. Company insiders own 0.94% of the company’s stock.

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.