VeriSign Inc. (VRSN) Sees Strong Trading Volume
VeriSign Inc. (NASDAQ:VRSN) shares saw unusually-strong trading volume on Monday . Approximately 4,925,200 shares were traded during trading, an increase of 237% from the previous session’s volume of 1,461,440 shares.The stock last traded at $79.02 and had previously closed at $74.81.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered VeriSign from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. JPMorgan Chase & Co. upped their target price on VeriSign from $84.00 to $88.00 and gave the company an “underweight” rating in a report on Friday, July 29th.
The company has a market capitalization of $8.44 billion and a P/E ratio of 25.17. The company’s 50-day moving average is $80.71 and its 200-day moving average is $84.83.
VeriSign (NASDAQ:VRSN) last posted its earnings results on Thursday, July 28th. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.05. The business had revenue of $286 million for the quarter, compared to analyst estimates of $284.34 million. During the same period in the previous year, the company earned $0.74 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that VeriSign Inc. will post $3.49 EPS for the current fiscal year.
In other VeriSign news, Director Timothy Tomlinson sold 1,477 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $85.30, for a total transaction of $125,988.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
VeriSign, Inc is a provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Company operates in Registry Services and Security Services segment. Its product suite also includes Security Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services.
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