VeriSign Inc. ($VRSN) Stock Forecast: Up 3.7% Today

What is VeriSign Inc.?

Verisign, Inc (VRSN) Market: Verisign, Inc is a domain name registry operator providing critical internet infrastructure services. The company manages the registry for .com and .net domain names, playing a crucial role in the functioning of the internet.

Why is VeriSign Inc. going up?

VRSN stock is up 3.7% on Jul 26, 2024 15:42

• Reported strong Q2 2024 earnings, beating both EPS and revenue expectations, showcasing solid financial performance.
• Revenue grew by 4.1% year on year to $387.1 million, with a GAAP profit of $2.01 per share, indicating a positive trajectory for the business.
• Stability in domain name registrations could have contributed to investor confidence in Verisign's continued market dominance and revenue stream.
• Impressive financial results and steady growth in domain registrations likely fueled investor optimism, leading to the bullish movement in VRSN stock.

VRSN Price Chart

VRSN News

Q2 2024 VeriSign, Inc Earnings Call Transcript

Q2 2024 VeriSign, Inc Earnings Call Transcript

https://www.gurufocus.com/news/2482775/q2-2024-verisign-inc-earnings-call-transcript

VRSN Stock Earnings: VeriSign Beats EPS, Beats Revenue for Q2 2024

VeriSign (NASDAQ:VRSN) just reported results for the second quarter of 2024. VeriSign reported earnings per share of $2.01. This was above the analyst estimate for EPS of $1.93. The company reported revenue of $387.10 million. This was 0.34% better than the analyst estimate for revenue of $385.80 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/vrsn-stock-earnings-verisign-for-q2-of-2024/

VeriSign''s (NASDAQ:VRSN) Q2 Earnings Results: Revenue In Line With Expectations

Domain name registry operator Verisign (NASDAQ:VRSN) reported results in line with analysts'' expectations in Q2 CY2024, with revenue up 4.1% year on year to $387.1 million. It made a GAAP profit of $2.01 per share, improving from its profit of $1.79 per share in the same quarter last year.

https://stockstory.org/nasdaq/vrsn/earnings/verisigns-nasdaqvrsn-q2-earnings-results-revenue-in-line-with-expectations

DNIB.com Reports Internet Has 362.4 Million Domain Name Registrations at the End of the Second Quarter of 2024

VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, today announced that, according to the latest Domain Name Industry Brief Quarterly Report from DNIB.com, the second quarter of 2024 closed with 362.4 million domain name registrations across all top-level domains (TLDs), unchanged compared to the first quarter of 2024. Domain name Jetzt den vollständigen Artikel lesen

https://www.wallstreet-online.de/nachricht/18311466-dnib-com-reports-internet-has-362-4-million-domain-name-registrations-at-the-end-of-the-second-quarter-of-2024

Verisign Inc. Q2 Profit Climbs, Beats Estimates

MOUNTAIN VIEW (dpa-AFX) - Verisign Inc. (VRSN) announced earnings for its second quarter that increased from last year and beat the Street estimates.The company''s bottom line totaled $198.8 millio…

https://www.finanznachrichten.de/nachrichten-2024-07/62826388-verisign-inc-q2-profit-climbs-beats-estimates-020.htm

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VeriSign Inc. Price History

27.09.2023 - VRSN Stock was down 6.0%

• Despite beating earnings estimates and showing an increase in profit, VeriSign (VRSN) experienced a bearish movement.
• The stock had a strong bearish movement due to missing revenue estimates for the third quarter.
• The company's Q3 earnings beat expectations, but the revenue fell short, which could have contributed to the bearish market movement.
• The mixed results and revenue miss might have led to investor concerns about the company's future growth prospects, resulting in the bearish movement.

26.03.2024 - VRSN Stock was down 0.5%

• Verisign Inc. reported strong profit growth in Q1, beating estimates, which would typically be seen as a positive sign for the company.
• However, concerns about soft domain name growth due to declining demand from China might have weighed on investor sentiment, leading to the bearish movement in the stock.
• The market may have reacted negatively to the potential impact of the declining demand on Verisign's future revenue and growth prospects.
• Despite the positive earnings report, the uncertainty surrounding the company's core business operations could have contributed to the bearish trend observed in the stock today.

09.01.2024 - VRSN Stock was down 1.2%

• The bearish movement in VRSN stock today could be attributed to the following factors:
• 1. Earnings Report: Verisign reported a 3% rise in its fourth-quarter revenue, beating market estimates. However, the earnings call transcript and articles suggest that the earnings results were not overwhelmingly positive, with some reports indicating that the revenue was only in line with expectations. This mixed sentiment could have contributed to the bearish movement.
• 2. Challenges in China: The market has been facing challenges in China, as mentioned in the earnings call and news articles. While Verisign reported growth amidst these challenges, the overall market sentiment may have been affected by concerns about the impact of these challenges on future performance.
• 3. Market Expectations: The market may have had higher expectations for Verisign's earnings results, considering the strong demand for its internet services. The slight beat in earnings estimates and revenue may not have met the market's high expectations, leading to a bearish movement in the stock.
• 4. Forward Outlook: The question of what lies ahead for the stock, as mentioned in one of the articles, could have also influenced the bearish movement. Investors may have been looking for more clarity and guidance on Verisign's future prospects, which could have contributed to the negative sentiment.
• Overall, the bearish movement in VRSN stock today could be attributed to mixed earnings results, concerns about challenges in the Chinese market, high market expectations, and a lack of clear forward guidance.

26.06.2024 - VRSN Stock was up 3.7%

• Reported strong Q2 2024 earnings, beating both EPS and revenue expectations, showcasing solid financial performance.
• Revenue grew by 4.1% year on year to $387.1 million, with a GAAP profit of $2.01 per share, indicating a positive trajectory for the business.
• Stability in domain name registrations could have contributed to investor confidence in Verisign's continued market dominance and revenue stream.
• Impressive financial results and steady growth in domain registrations likely fueled investor optimism, leading to the bullish movement in VRSN stock.