2015-07-31

Dot COM Domain Name Registry Verisign Shares Hit 52-week High

Verisign Inc. (Nasdaq: VRSN) 12 month chart above
Verisign Inc. (Nasdaq: VRSN) 12 month chart above
Dot COM Top-Level Domain (TLD) Name Registry VeriSign Inc.'s stock (NASDAQ:VRSN) closed Thursday $71.03, UP $0.49 (0.69%). According to Marketwatch.com, the stock has a 52 week low of $52.10, and a 52 week high, which it hit today, of $71.27. Overall, the stock has surged this year (see 12 month VRSN chart above). The shares are now trading well above their 50-day moving average and their 200-day moving average. The Company reported Q2 2015 earnings on July 23rd. Below are excerpts with links to articles on analyst reports concerning the company and its stock:

Can VeriSign, Inc. (NASDAQ:VRSN) Keep Up with Analyst Expectations? (July 29, 2015): "Brokerage firm analysts covering the stock are estimating that the stock will reach $63.75 on a short term basis. This is the consensus price target based on the 2 polled by Zacks Research. The highest estimate stands at 70 while the lowest target is $57.5."

Verisign Rating Increased to Buy at Zacks (VRSN) July 29, 2015"VRSN has been the subject of several other reports. Topeka Capital Markets lifted their price objective on Verisign from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Monday. Cowen and Company set a $61.00 target price on Verisign and gave the stock a “hold” rating in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $65.17."

At this point, Verisign stock has blown past most stock analysts' "estimates."

More info: VRSN Analyst Estimates - VeriSign Inc. Analyst Estimates - MarketWatch

Principal domain name: verisigninc.com
Verisign Investor Relations: investor.verisign.com

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