Verisign (VRSN) Releases Earnings Results, Beats Expectations By $0.02 EPS

Verisign (VRSN) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.85 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.83. The company posted revenue of $281.90 million in the period, compared to analysts expectations of $278.46 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Verisign opened for trading at $88.71 and hit $89.77 on the upside on Wednesday, eventually ending the session at $89.41, with a gain of 0.28% or 0.25 points. The heightened volatility saw the trading volume jump to 7,32,474 shares. Company has a market cap of $9,788 M.

In a different news, on Feb 19, 2016, Timothy Tomlinson (director) sold 1,350 shares at $81.48 per share price. According to the SEC, 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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