Momentum Is Strong For Verisign Inc. (NASDAQ: VRSN)

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Verisign to Report Fourth Quarter and Full Year 2023 Financial Results.

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Stocks Info

This NASDAQ-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $200.28 and fluctuated between $201.40 as its day high and $198.44 as its day low. The current market capitalization of Verisign Inc. is $20.45B. A total of 0.86 million shares were traded on the day, compared to an average of 548.40K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, VRSN has seen 0 BUY and 27 SELL insider trades, representing the acquisition of 0 and the disposition of 18,208 shares. Over the last 12 months, there were 18 BUYs and 215 SELLs from insiders. Insiders purchased 100,224 shares during that period but sold 189,784.

In the most recent transaction, Indelicarto Thomas C sold 613 shares of VRSN for 199.05 per share on Feb 06. After the transaction, the EVP, Gen Counsel & Secretary now owns 34,816 company shares. In a previous transaction on Feb 01, McPherson Danny R sold 125 shares at 199.00 per share. VRSN shares that EVP- Engineering, Ops. & CSO owns now total 23,669.

Among the insiders who sold shares, BIDZOS D JAMES disposed of 2,000 shares on Jan 18 at a per-share price of $201.35. This resulted in the Exec. Chairman & CEO holding 500,306 shares of VRSN after the transaction. In another insider transaction, BIDZOS D JAMES sold 2,000 shares at $201.85 per share on Jan 17. Company shares held by the Exec. Chairman & CEO now total 502,306.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for VRSN in the last 3 months, the mean price target is $231.20 with high estimates of $240.60 and low estimates of $215.00. In terms of 52-week highs and lows, VRSN has a high of $229.72 and a low of $188.44.

As of this writing, VRSN has an earnings estimate of $1.86 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $1.89 per share and a lower estimate of $1.83. The company reported an EPS of $1.79 in the last quarter, which was 2.30% higher than expectations of $1.75.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. VRSN’s latest balance sheet shows that the firm has $1.21B in Cash & Short Term Investments as of fiscal 2021. There were $1.79B in debt and $1.07B in liabilities at the time. Its Book Value Per Share was -$15.95, while its Total Shareholder’s Equity was -$1.26B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 4.00.

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