Analyst Rating Update on VeriSign (VRSN)

VeriSign (VRSN) has an average broker rating of 3.5, which is interpreted as a Hold, as rated by 4 equity analysts. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

VeriSign (VRSN) stock is expected to deviate a maximum of $7.07 from the average target price of $90 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $95 and the most muted being $85.

The shares have received a consensus rating of Sell for the current week


VeriSign (NASDAQ:VRSN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $84.04 and $83.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $85.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $84.86, notching a gain of 0.75% for the day. The total traded volume was 776,692 . The stock had closed at $84.23 on the previous day.

VeriSign, Inc. is a global provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Companys product suite also includes Network Intelligence and Availability (NIA) Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services. The Companys Registry Services provides the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, two of the Internets root servers, and operation of the root-zone maintainer functions for the core of the Internets Domain Name System (DNS). The Company has operations inside, as well as outside the United States.

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