VeriSign, Inc. (NASDAQ:VRSN – Get Free Report) EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction of $233,320.00. Following the completion of the transaction, the executive vice president now owns 33,593 shares in the company, valued at approximately $6,382,670. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
VeriSign Stock Up 1.0 %
Shares of NASDAQ VRSN opened at $187.72 on Friday. The firm’s fifty day moving average is $183.22 and its 200 day moving average is $179.88. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $220.91. The company has a market cap of $18.70 billion, a price-to-earnings ratio of 23.06 and a beta of 0.90.
VeriSign (NASDAQ:VRSN – Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.08. The business had revenue of $387.10 million for the quarter, compared to analyst estimates of $385.80 million. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.79 EPS.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Separately, Robert W. Baird reiterated a “neutral” rating and issued a $200.00 price objective on shares of VeriSign in a report on Thursday, June 27th.
Get Our Latest Stock Analysis on VRSN
VeriSign Company Profile
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.
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