VeriSign (VRSN) Earns Coverage Optimism Score of 0.11

Media headlines about VeriSign (NASDAQ:VRSN) have been trending somewhat positive this week, Accern 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 one, with scores closest to one being the most favorable. VeriSign earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media headlines about the information services provider an impact score of 43.6370016671628 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

VeriSign (NASDAQ:VRSN) traded down 0.88% during trading on Tuesday, hitting $103.73. The stock had a trading volume of 434,421 shares. The company has a market capitalization of $10.36 billion, a P/E ratio of 28.27 and a beta of 1.18. The stock’s 50-day moving average price is $100.76 and its 200-day moving average price is $92.71. VeriSign has a 1-year low of $74.46 and a 1-year high of $105.00.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, July 27th. The information services provider reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.06. The company had revenue of $289.00 million during the quarter, compared to the consensus estimate of $287.47 million. VeriSign had a net margin of 39.92% and a negative return on equity of 36.99%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. Analysts expect that VeriSign will post $3.97 earnings per share for the current year.

A number of analysts have commented on the company. Robert W. Baird reissued a “hold” rating and set a $105.00 price objective on shares of VeriSign in a report on Thursday, August 31st. BidaskClub raised VeriSign from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research lowered VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $94.00 target price on shares of VeriSign in a report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $92.75.

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In related news, Director Timothy Tomlinson sold 1,240 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $101.00, for a total transaction of $125,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen A. Cote sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $99.94, for a total transaction of $149,910.00. Following the sale, the director now directly owns 38,294 shares of the company’s stock, valued at approximately $3,827,102.36. The disclosure for this sale can be found here. 0.92% of the stock is owned by company insiders.

VeriSign Company Profile

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).

Insider Buying and Selling by Quarter for VeriSign (NASDAQ:VRSN)

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