VeriSign (VRSN) Receives ‘Analyst’ Rating

VeriSign (VRSN) has an average broker rating of 3, which is interpreted as a Hold, as rated by 3 equity analysts. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

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.


Also, In a research note released to the investors, JP Morgan maintains its rating on VeriSign (NASDAQ:VRSN).The analysts at the brokerage house have a current rating of Underweight on the shares. In a recent information released to the investors, JP Morgan raises the new price target from $84 per share to $88 per share. The rating by the firm was issued on July 29, 2016.

VeriSign (NASDAQ:VRSN): After opening at $75.65, the stock dipped to an intraday low of $75.52 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $77.6701 and the buying power remained strong till the end. The stock closed at $77.21 for the day, a gain of 1.90% for the day session. The total traded volume was 2,751,992. The stocks close on the previous trading day was $75.77.

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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