Investors’ Patience Is Being Tested Right Now By Verisign Inc. (NASDAQ: VRSN)

After Hours

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.

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Stocks Info

Verisign Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. The current market capitalization of Verisign Inc. is $19.70B. A total of 0.95 million shares were traded on the day, compared to an average of 595.42K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, VRSN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 7 BUYs and 171 SELLs from insiders. Insiders purchased 8,253 shares during that period but sold 148,582.

In the most recent transaction, STRUBBE TODD B sold 9,423 shares of VRSN for 193.21 per share on Feb 20. After the transaction, the President & COO now owns 111,551 company shares. In a previous transaction on Feb 13, Indelicarto Thomas C sold 613 shares at 195.33 per share. VRSN shares that EVP, Gen Counsel & Secretary owns now total 43,143.

Among the insiders who sold shares, Indelicarto Thomas C disposed of 613 shares on Feb 06 at a per-share price of $199.05. This resulted in the EVP, Gen Counsel & Secretary holding 34,816 shares of VRSN after the transaction. In another insider transaction, McPherson Danny R sold 125 shares at $199.00 per share on Feb 01. Company shares held by the EVP- Engineering, Ops. & CSO now total 23,669.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for VRSN in the last 3 months, the mean price target is $226.00 with high estimates of $237.00 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 $1.87 per share and a lower estimate of $1.85. The company reported an EPS of $1.83 in the last quarter, which was 1.10% higher than expectations of $1.81.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 -$15.61, while its Total Shareholder’s Equity was -$1.26B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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