Brokerage Firm Rating Update on VeriSign (VRSN)

VeriSign (VRSN) : 3 analysts are covering VeriSign (VRSN) and their average rating on the stock is 3, 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. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

VeriSign (VRSN) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $90 and the lowest price target forecast is $80. The average forecast of all the analysts is $85 and the expected standard deviation is $7.07.


The shares have received a consensus rating of Sell for the current week Also, Equity Analysts at the JP Morgan maintains the rating on VeriSign (NASDAQ:VRSN). The brokerage firm has issued a Underweight rating on the shares. The Analysts at the ratings agency raises the price target from $84 per share to $88 per share. The rating by the firm was issued on July 29, 2016.

VeriSign (NASDAQ:VRSN): The stock opened at $76.14 and touched an intraday high of $77.2 on Wednesday. During the day, the stock corrected to an intraday low of $76.07, however, the bulls stepped in and pushed the price higher to close in the green at $77.08 with a gain of 1.15% for the day. The total traded volume for the day was 1,244,595. The stock had closed at $76.2 in the previous trading session.

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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