VeriSign (VRSN) Receives Price Target

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.

VeriSign (VRSN) : 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on VeriSign (VRSN). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 3 Wall Street Analysts endorse the stock as a Hold with a rating of 3.


Also, JP Morgan maintains its view on VeriSign (NASDAQ:VRSN) according to the research report released by the firm to its investors. The shares have now been rated Underweight by the stock experts at the ratings house. JP Morgan raises the price target from $84 per share to $88 per share on VeriSign . The rating by the firm was issued on July 29, 2016.

VeriSign (NASDAQ:VRSN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $74.36 and $74.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.81, notching a gain of 0.48% for the day. The total traded volume was 889,960 . The stock had closed at $74.45 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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