VeriSign (VRSN) Scheduled to Post Quarterly Earnings on Thursday

VeriSign (NASDAQ:VRSN) is set to announce its earnings results after the market closes on Thursday, October 24th. VeriSign has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

VeriSign (NASDAQ:VRSN) 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 company had revenue of $387.10 million during the quarter, compared to analyst estimates of $385.80 million. VeriSign had a negative return on equity of 46.63% and a net margin of 55.40%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.79 EPS.

VeriSign Stock Performance

Shares of VRSN opened at $187.06 on Thursday. VeriSign has a one year low of $167.04 and a one year high of $220.91. The stock’s fifty day moving average is $182.79 and its 200-day moving average is $179.85. The firm has a market capitalization of $18.63 billion, a price-to-earnings ratio of 22.98 and a beta of 0.90.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird reissued a “neutral” rating and set a $200.00 target price on shares of VeriSign in a research note on Thursday, June 27th.

Insider Activity

In related news, EVP Thomas C. Indelicarto sold 3,684 shares of VeriSign stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $190.00, for a total transaction of $699,960.00. Following the transaction, the executive vice president now directly owns 37,774 shares of the company’s stock, valued at $7,177,060. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s 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 sale, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at $6,382,670. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas C. Indelicarto sold 3,684 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $190.00, for a total value of $699,960.00. Following the completion of the transaction, the executive vice president now owns 37,774 shares of the company’s stock, valued at $7,177,060. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,368 shares of company stock worth $1,399,920. 0.84% of the stock is owned by company insiders.

About VeriSign

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.