At the time of writing, Verisign Inc. [VRSN] stock is trading at $188.31, down -0.73%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VRSN shares have lost -0.35% over the last week, with a monthly amount drifted -2.34%, and not seem to be holding up well over a long-time horizon.
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On 1, April 2024, Verisign to Report First Quarter 2024 Financial Results. In a post published today on Yahoo Finance, VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, today announced that its earnings call for the first quarter will take place on Thursday, April 25, 2024, at 4:30 p.m. (EDT). The earnings news release will be distributed to the wire services at approximately 4:05 p.m. (EDT) that day and will also be available directly from the company’s website at https://investor.verisign.com.
From an analyst’s perspective:
Verisign Inc. [NASDAQ: VRSN] stock has seen the most recent analyst activity on July 11, 2023, when Robert W. Baird downgraded its rating to a Neutral and also revised its price target to $245 from $265. Previously, Robert W. Baird upgraded its rating to Outperform on December 15, 2022, and elevated its price target to $265. On December 13, 2022, Citigroup initiated with a Buy rating and assigned a price target of $243 on the stock. Robert W. Baird downgraded its rating to a Neutral and decreased its price target to $210 on April 29, 2022. JP Morgan upgraded its rating to a Overweight but $246 remained the price target by the analyst firm on December 09, 2020. In a note dated November 02, 2018, Robert W. Baird upgraded an Outperform rating on this stock.
For the past year, the stock price of Verisign Inc. fluctuated between $185.19 and $229.72. Currently, Wall Street analysts expect the stock to reach $254 within the next 12 months. Verisign Inc. [NASDAQ: VRSN] shares were valued at $188.31 at the most recent close of the market. An investor can expect a potential return of 34.88% based on the average VRSN price forecast.
Analyzing the VRSN fundamentals
According to Verisign Inc. [NASDAQ:VRSN], the company’s sales were 1.49B for trailing twelve months, which represents an 3.03% jump. Gross Profit Margin for this corporation currently stands at 0.87% with Operating Profit Margin at 0.67%, Pretax Profit Margin comes in at 0.65%, and Net Profit Margin reading is 0.55%. To continue investigating profitability, this company’s Return on Assets is posted at 0.47, Equity is -0.51 and Total Capital is 1.79. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.14.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 186.78 points at the first support level, and at 185.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 189.61, and for the 2nd resistance point, it is at 190.92.
Verisign Inc. [VRSN] reported earnings per share of $1.92 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.86/share, meaning a difference of $0.06 and a surprise factor of 3.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.83 per share as compared to estimates of $1.81 per share, a difference of $0.02 representing a surprise of 1.10%.
Ratios To Look Out For
It is important to note that Verisign Inc. [NASDAQ:VRSN] has a current ratio of 0.83. Also, the Quick Ratio is 0.83, while the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 12.73 and price to earnings (TTM) ratio is 23.80.
Transactions by insiders
Recent insider trading involved Indelicarto Thomas C, EVP, Gen Counsel & Secretary, that happened on Apr 02 ’24 when 614.0 shares were sold. EVP, Gen Counsel & Secretary, Indelicarto Thomas C completed a deal on Mar 12 ’24 to sell 613.0 shares. Meanwhile, EVP, Gen Counsel & Secretary Indelicarto Thomas C sold 613.0 shares on Mar 05 ’24.
