Revenue Update on Verisign(NASDAQ:VRSN)

Verisign(NASDAQ:VRSN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $286.47M. Analysts estimated a revenue of $284.22M. Earnings per share were $0.91. Analysts had estimated an EPS of $0.86.

Verisign (VRSN) shares turned negative on Thursdays trading session with the shares closing down -0.76 points or -0.90% at a volume of 7,74,655. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $85.76. The peak price level was also seen at $85.76 while the days lowest was $84.03. Finally the shares closed at $84.1. The 52-week high of the shares is $93.94 while the 52-week low is $64. According to the latest information available, the market cap of the company is $8,979 M.

Several Insider Transactions has been reported to the SEC. On Feb 19, 2016, Timothy Tomlinson (director) sold 1,350 shares at $81.48 per share price.Also, On Apr 30, 2015, Jamie S Gorelick (director) purchased 1,000 shares at $64.19 per share price.

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 Company’s 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 Company’s Registry Services provides the security stability and resiliency of Internet infrastructure and services including the .com and .net domains two of the Internet’s root servers and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS). The Company has operations inside as well as outside the United States.

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