Monthly Stock Report: VeriSign, Inc. (VRSN)
Publication Date: September 22, 2024
Company Overview
VeriSign, Inc. (VRSN), located in Reston, Virginia, has established itself as a leader in domain name registry services and internet infrastructure since its inception in 1995. With a pivotal role in global e-commerce, VeriSign oversees the registration and authoritative resolution of critical domain names, including .com and .net. The company enhances internet security and reliability by providing essential services like root zone maintenance and operating crucial internet root servers. Within the Technology sector, specifically under the Software – Infrastructure industry, VeriSign showcases a promising investment landscape characterized by strong market presence and growth potential.
Financial Performance & Investment Outlook
Current analysis recommends a “buy” rating for VeriSign’s stock, with a target high price of $215.00. The company recently reported total revenue of approximately $1.53 billion, underscoring robust financial health. With 97.6 million shares outstanding and a relatively low short interest of around 2.92%, investor confidence is palpable. The current stock price is $181.22, positioning it above the fifty-day moving average of $180.47 and suggesting stable near-term performance. Analysts have a mean target price of $204.74, indicating substantial upside potential for investors.
Stock Analysis & Market Trends
VeriSign’s stock has shown resilience amidst market fluctuations, with a fifty-two week range between $167.05 and $220.91. This positions the stock closer to its average over the last year, reflecting moderate volatility. The median price target is calculated at $200.00, aligning closely with the mean and reinforcing the stock’s perceived stability. Given the favorable analyst consensus, with an average recommendation score of 2.2, investors looking to capitalize on potential gains may find VeriSign an attractive option in the current market landscape.
| Metric | Value |
|---|---|
| Market Cap | $17.7b |
| Total Debt | $1.8b |
| Total Cash | $689.9m |
| Shares Outstanding | 97.6m |
| Float Shares | 96.7m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.