News coverage about Verisign (NASDAQ:VRSN) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Verisign earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media stories about the information services provider an impact score of 47.1885443230856 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- VeriSign, Inc. (VRSN) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High – NMSU Hеrаld (nmsuherald.com)
- Tech Stock Trending Alert – VeriSign, Inc. (VRSN) – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Comparing Verisign (VRSN) & TechTarget (TTGT) (americanbankingnews.com)
- Glowing Stock’s Review – VeriSign Inc (NASDAQ: VRSN) – Stocks Pen (stockspen.com)
- Analyst rating score for VeriSign, Inc. (VRSN) stands at 3.30 – Nasdaq Fortune (press release) (nasdaqfortune.com)
Verisign (NASDAQ:VRSN) opened at $121.00 on Wednesday. The company has a market cap of $11,677.77, a P/E ratio of 33.12 and a beta of 0.89. The company has a debt-to-equity ratio of -1.41, a quick ratio of 1.57 and a current ratio of 1.57. Verisign has a 1 year low of $85.84 and a 1 year high of $122.52.
Verisign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.01). Verisign had a negative return on equity of 36.88% and a net margin of 39.25%. The business had revenue of $295.50 million during the quarter, compared to the consensus estimate of $294.93 million. During the same period in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities research analysts anticipate that Verisign will post 4.19 EPS for the current year.
Verisign announced that its Board of Directors has approved a share buyback plan on Thursday, February 8th that permits the company to buyback $586.00 million in outstanding shares. This buyback authorization permits the information services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
Several analysts have issued reports on VRSN shares. Zacks Investment Research raised Verisign from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. BidaskClub upgraded Verisign from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. ValuEngine upgraded Verisign from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, JPMorgan Chase & Co. lifted their price target on Verisign to $106.00 and gave the stock an “underweight” rating in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $106.25.
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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