News stories about Verisign (NASDAQ:VRSN) have trended somewhat negative recently, according to Alpha One. The research firm, a service of Accern, scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Verisign earned a news sentiment score of -0.12 on Alpha One’s scale. Alpha One also assigned media stories about the information services provider an impact score of 85 out of 100, meaning that recent media coverage is very likely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Alpha One Sentiment Analysis’s scoring:
- VeriSign Stock Repurchase Capacity – VeriSign, Inc. (NASDAQ … – Seeking Alpha (seekingalpha.com)
- Verisign (VRSN) Earns Daily Media Sentiment Score of 0.07 (americanbankingnews.com)
- Analysts Anticipate Verisign, Inc. (VRSN) Will Post Quarterly Sales of $286.66 Million (americanbankingnews.com)
- Verisign (VRSN) Given Daily News Impact Rating of 0.27 (americanbankingnews.com)
A number of research firms have recently weighed in on VRSN. Cowen and Company lifted their price objective on Verisign from $89.00 to $94.00 and gave the company a “market perform” rating in a research report on Monday, April 3rd. Zacks Investment Research raised Verisign from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Thursday, March 2nd. Citigroup Inc raised Verisign from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 12th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $85.00 price objective on shares of Verisign in a research report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $86.20.
Verisign (NASDAQ:VRSN) traded down 0.29% on Friday, reaching $88.45. The company had a trading volume of 917,402 shares. The stock has a market capitalization of $9.05 billion, a P/E ratio of 25.86 and a beta of 1.20. The stock’s 50 day moving average is $86.75 and its 200-day moving average is $81.70. Verisign has a 1-year low of $74.01 and a 1-year high of $91.99.
Verisign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, February 9th. The information services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.88 by $0.04. Verisign had a negative return on equity of 36.88% and a net margin of 38.58%. The firm earned $286 million during the quarter, compared to analysts’ expectations of $282.97 million. During the same quarter last year, the firm earned $0.79 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts predict that Verisign will post $3.88 EPS for the current fiscal year.
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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).
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