Verisign Inc (NASDAQ: VRSN) has reported earnings for its second fiscal quarter (ending June 30) of $2.01 versus $1.79 for the same period a year ago — an increase of 12%. Relative to the consensus estimate of $1.94, this was a premium of $0.07. E.P.S. were $8.36 for the latest four quarters through June 30 versus $6.77 for the same period a year ago — an increase of 23%.
Recent Price Action
Verisign Inc (NASDAQ: VRSN) stock increased 1.0% on 7/25/24. The shares closed at $176.74. Moreover, trading volume in this advance was exceptionally high at 213% of normal. The stock has declined -1.4% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, VRSN is expected to be a major Value Eraser.
Verisign is currently unrated.
Rating Review
The stock is currently unrated.
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