VeriSign (VRSN) Expected to Announce Earnings on Thursday

VeriSign (NASDAQ:VRSN - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $2.00 per share and revenue of $394.15 million for the quarter. Parties that wish to register for the company's earnings conference call can do so using this link.

VeriSign Price Performance

Shares of NASDAQ:VRSN traded up $0.23 during mid-day trading on Thursday, reaching $214.01. 460,387 shares of the company traded hands, compared to its average volume of 717,136. The company's 50 day moving average price is $200.91 and its 200-day moving average price is $188.76. The firm has a market cap of $20.57 billion, a PE ratio of 24.88 and a beta of 0.89. VeriSign has a 52 week low of $167.04 and a 52 week high of $216.83.

Analyst Upgrades and Downgrades

VRSN has been the topic of several recent analyst reports. Robert W. Baird upgraded shares of VeriSign from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $200.00 to $250.00 in a research report on Monday, December 9th. Citigroup increased their target price on VeriSign from $210.00 to $238.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. StockNews.com raised VeriSign from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Finally, Baird R W raised shares of VeriSign from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th.

Insider Buying and Selling at VeriSign

In related news, EVP Danny R. Mcpherson sold 2,092 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $192.43, for a total value of $402,563.56. Following the completion of the transaction, the executive vice president now owns 26,157 shares of the company's stock, valued at approximately $5,033,391.51. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.84% of the company's stock.

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.