VeriSign (VRSN) : 4 analysts are covering VeriSign (VRSN) and their average rating on the stock is 3.5, which is read as a Hold. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
VeriSign (VRSN) : 2 Wall Street analysts covering VeriSign (VRSN) believe that the average level the stock could reach for the short term is $90. The maximum price target given is $95 and the minimum target for short term is around $85, hence the standard deviation is calculated at $7.07.
The shares have received a consensus rating of Sell for the current week VeriSign (NASDAQ:VRSN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $84.59 and $84.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $84.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $84.67, notching a gain of 0.09% for the day. The total traded volume was 621,172 . The stock had closed at $84.59 on the previous day.
In a related news, The director, of Verisign Inc/Ca, Tomlinson Timothy had unloaded 1,477 shares at $85.3 per share in a transaction on August 2, 2016. The total value of transaction was $125,988. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.