Verisign falls even as Baird believes domain trends may be 'bottoming out' [Seeking Alpha]
VeriSign, Inc. (VRSN)
Last verisign, inc. earnings: 4/23 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investor.verisign.com
Company Research
Source: Seeking Alpha
Shares fell 0.3% in mid-afternoon trading. "Our Verisign Weekly Tracker has shown a steady decline in .com trends through early 2024. However, we have seen a leveling off in recent weeks within the guided range," analyst Rob Oliver wrote in an investor note. "Thus, at this point, we see the company reiterating its annual domain guide of (1.0%) to +1.0%. While it is too early to say the recent flattening indicates a bottom, further stabilization could be a modest catalyst for shares, as investors look for .com growth ex-China." Oliver reiterated his Neutral rating and $215 price target on Verisign. He added the valuation has become "more attractive," with the stock trading at roughly 21 times free cash flow over the next 12 months. The weakness in China is likely a "large focus" for investors over the next several quarters, given it accounts for roughly 6% of revenue. However, Oliver said he has not seen any evidence the Chinese government is moving registrars away from .com.
Show less
Read more
Impact Snapshot
Event Time:
VRSN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
VRSN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
VRSN alerts
High impacting VeriSign, Inc. news events
Weekly update
A roundup of the hottest topics
VRSN
News
- Cybersecurity veteran Simon Church Joins CyXcel as Chief Strategy Officer [Yahoo! Finance]Yahoo! Finance
- VeriSign, Inc. (NASDAQ:VRSN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- VeriSign, Inc. (NASDAQ: VRSN) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Here's What Analysts Are Forecasting For VeriSign, Inc. (NASDAQ:VRSN) After Its First-Quarter Results [Yahoo! Finance]Yahoo! Finance
- VeriSign First Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
VRSN
Earnings
- 2/8/24 - Beat
VRSN
Sec Filings
- 5/13/24 - Form 4
- 5/9/24 - Form 4
- 5/6/24 - Form 144
- VRSN's page on the SEC website