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Friday, December 2, 2022

There’s No Getting Around VeriSign Inc. (NASDAQ: VRSN) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for VeriSign Inc. (VRSN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$4.16, or +2.32%, to $183.46. Volume reached 38,821 shares, with price reaching a high of $183.46 and a low of $183.46. Yahoo Finance discussed the stock recently as it posted Verisign to Report Third Quarter 2022 Financial Results.

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Stocks Info

VRSN belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $183.46 and fluctuated between $183.65 as its day high and $180.77 as its day low. The current market capitalization of VeriSign Inc. is $19.96B. A total of 1.06 million shares were traded on the day, compared to an average of 616.44K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, VRSN has seen 7 BUY and 21 SELL insider trades, representing the acquisition of 9,639 and the disposition of 21,505 shares. Over the last 12 months, there were 16 BUYs and 192 SELLs from insiders. Insiders purchased 70,048 shares during that period but sold 180,139.

In the most recent transaction, BIDZOS D JAMES sold 3,293 shares of VRSN for 203.76 per share on Aug 16. After the transaction, the Exec. Chairman & CEO now owns 682,601 company shares. In a previous transaction on Aug 10, BIDZOS D JAMES sold 12,707 shares at 200.04 per share. VRSN shares that Exec. Chairman & CEO owns now total 687,051.

Among the insiders who sold shares, TOMLINSON TIMOTHY disposed of 685 shares on Aug 01 at a per-share price of $186.80. This resulted in the Director holding 15,692 shares of VRSN after the transaction. In another insider transaction, BIDZOS D JAMES sold 13,000 shares at $219.93 per share on Apr 20. Company shares held by the Exec. Chairman & CEO now total 700,915.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for VRSN in the last 3 months, the mean price target is $205.00 with high estimates of $205.00 and low estimates of $205.00. In terms of 52-week highs and lows, VRSN has a high of $257.03 and a low of $155.25.

As of this writing, VRSN has an earnings estimate of $1.57 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $1.57 per share and a lower estimate of $1.57. The company reported an EPS of $1.54 in the last quarter, which was 1.32% higher than expectations of $1.52.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VRSN is Buy with a score of 3.00. A total of 0 analysts rated the stock as Buy while 1 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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