Analyst Rating Update on VeriSign (VRSN)

VeriSign (NASDAQ:VRSN) : 4 analysts are covering VeriSign (NASDAQ:VRSN) and their average rating on the stock is 3.5, which is read as a Hold. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

VeriSign (NASDAQ:VRSN) : The highest level VeriSign (NASDAQ:VRSN) is projected to reach is $95 for the short term and the lowest estimate is at $85. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $90 and the possibility the share price can swing is $7.07.

The shares have received a consensus rating of Sell for the current week

VeriSign (NASDAQ:VRSN): stock turned positive on Tuesday. Though the stock opened at $81.51, the bulls momentum made the stock top out at $83.14 level for the day. The stock recorded a low of $81.205 and closed the trading day at $82.91, in the green by 2.56%. The total traded volume for the day was 834,200. The stock had closed at $80.84 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Tomlinson Timothy, director of Verisign Inc/Ca, had unloaded 1,350 shares at an average price of $81.48 in a transaction dated on February 17, 2016. The total value of the transaction was worth $109,998.

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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