Is VeriSign (NASDAQ:VRSN) Now a Buy? How Analysts Rate it and Why BidaskScore Upgraded The Stock

VeriSign, Inc. (NASDAQ:VRSN) Logo

VeriSign (NASDAQ:VRSN) Stock Upgrade

In an analyst note issued to investors and clients on 12 October, BidaskScore has upgraded shares of VeriSign (NASDAQ:VRSN) stock to a Buy rating.

The stock increased 0.51% or $0.94 during the last trading session, reaching $186.49. About 409,352 shares traded. VeriSign, Inc. (NASDAQ:VRSN) has risen 45.15% since October 13, 2018 and is uptrending. It has outperformed by 45.15% the S&P500.

Analysts await VeriSign, Inc. (NASDAQ:VRSN) to report earnings on October, 24. They expect $1.19 EPS, up 5.31 % or $0.06 from last year’s $1.13 per share. VRSN’s profit will be $140.86 million for 39.18 P/E if the $1.19 EPS becomes a reality. After $1.24 actual EPS reported by VeriSign, Inc. for the previous quarter, Wall Street now forecasts -4.03 % negative EPS growth.

VeriSign, Inc. provides domain name registry services and Internet security worldwide. The company has market cap of $22.08 billion. The firm offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, and .name domain names, as well as the back-end systems for .gov, .jobs, .edu, and other domain names. It has a 35.77 P/E ratio. The Company’s registry services allow individuals and organizations to establish their online identities.

More notable recent VeriSign, Inc. (NASDAQ:VRSN) news were published by: Seekingalpha.com which released: “VeriSign, Inc. 2019 Q1 – Results – Earnings Call Slides – Seeking Alpha” on April 25, 2019, also Finance.Yahoo.com with their article: “Should You Think About Buying VeriSign, Inc. (NASDAQ:VRSN) Now? – Yahoo Finance” published on October 04, 2019, Forbes.com published: “Verisign Q2 Earnings Preview: Can Growth In Domain Name Registrations Continue To Surprise? – Forbes” on July 25, 2019. More interesting news about VeriSign, Inc. (NASDAQ:VRSN) were released by: Finance.Yahoo.com and their article: “Were Hedge Funds Right About Piling Into Discover Financial Services (DFS)? – Yahoo Finance” published on October 11, 2019 as well as Investorplace.com‘s news article titled: “VeriSign Stock Keeps Looking to the Future – Investorplace.com” with publication date: June 21, 2019.

VeriSign, Inc. (NASDAQ:VRSN) Ratings Chart

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