VRSN Stock Recent News

VeriSign's (VRSN) second-quarter performance benefits from growth in .com and .net domain name registrations.

VeriSign, Inc. (NASDAQ:VRSN ) Q2 2023 Earnings Conference Call July 27, 2023 4:30 PM ET Company Participants David Atchley - Vice President, Investor Relations & Corporate Treasurer Jim Bidzos - Executive Chairman & Chief Executive Officer George Kilguss - Executive Vice President & Chief Financial Officer Conference Call Participants Rob Oliver - Robert W. Baird Ygal Arounian - Citigroup Operator Good day, everyone.

VeriSign (VRSN) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.54 per share a year ago.

VeriSign's (VRSN) second-quarter performance is expected to have benefited from continued healthy growth across .com and .net domain name registrations.

Shares of VeriSign Inc. VRSN, -5.35% dropped 5.4% toward a near three-month low, enough to pace the S&P 500's SPX, +0.25% decliners, after Baird turned bearish on the domain name registry services company, citing concerns over domain growth. Analyst Rob Oliver cut his rating to neutral, after being at outperform since December 2022, and lowered his stock price target to $245 from $265.

VeriSign (VRSN) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

RESTON, Va.--(BUSINESS WIRE)--VeriSign, Inc. (NASDAQ: VRSN), a global provider of domain name registry services and internet infrastructure, today announced that its earnings call for the second quarter 2023, will take place on Thursday, July 27, 2023, at 4:30 p.m. (EDT). The earnings news release will be distributed to the wire services at approximately 4:05 p.m. (EDT) that day and will also be available directly from the company's website at https://investor.verisign.com. Verisign will host a.

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It compares these trends to the stock's performance during the 2008 recession.

VeriSign (VRSN) processes 10.3 million new domain name registrations for .com and .net in the first quarter compared with 10.2 million in the year-ago quarter.