Verisign (VRSN) Receiving Somewhat Favorable Press Coverage, Report Shows
Headlines about Verisign (NASDAQ:VRSN) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Verisign earned a news impact score of 0.24 on Accern’s scale. Accern also gave media stories about the information services provider an impact score of 46.6856802651424 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s analysis:
- What Analyst Recommend? VeriSign, Inc. (VRSN) stock is worth at $ $112.23 – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Watching the Tape Move 0.21% for Verisign Inc (VRSN) – Clawson News (clawsonnews.com)
- Verisign (VRSN) Downgraded to “Hold” at BidaskClub (americanbankingnews.com)
- How much this stock is Risky? VeriSign, Inc. (VRSN)’s Beta value is at 0.98 – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Technical Lines in Focus for Verisign Inc (VRSN) – Clawson News (clawsonnews.com)
VRSN has been the topic of several research reports. Robert W. Baird set a $105.00 target price on Verisign and gave the company a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research downgraded Verisign from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Cowen reissued a “hold” rating and issued a $103.00 target price on shares of Verisign in a research report on Sunday, October 29th. Citigroup upped their target price on Verisign from $101.00 to $111.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, BidaskClub downgraded Verisign from a “buy” rating to a “hold” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating, Verisign has a consensus rating of “Hold” and a consensus price target of $106.33.
Verisign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. Verisign had a net margin of 39.79% and a negative return on equity of 36.88%. The company had revenue of $292.40 million for the quarter, compared to analyst estimates of $290.90 million. During the same period in the prior year, the company earned $0.93 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. research analysts predict that Verisign will post 3.65 EPS for the current 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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