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Stock impact report

VeriSign (VRSN) Stock Trades Down, Here Is Why [Yahoo! Finance]

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: Yahoo! Finance
company's third-quarter earnings beat was overshadowed by an underwhelming growth outlook and declining profitability. VeriSign reported revenue of $419.1 million, up 7.3% year-over-year, and earnings per share of $2.27, both narrowly topping analyst expectations. Despite these beats, the market reacted negatively to underlying trends. The company's operating margin contracted to 67.8% from 68.9% a year earlier, suggesting increased costs are weighing on profits. Additionally, analysts' forecast for future revenue growth of just 4.1% over the next twelve months signaled a continued period of slow expansion, likely disappointing investors who were looking for a stronger performance. After the initial drop the shares shed some of the losses and close the day $247.24, down 1.3% from previous close. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy VeriSign? Access our full analysis report here W Show less Read more
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