With 0.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.61 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $186.0 whereas the lowest price it dropped to was $180.67. The 52-week range on VRSN shows that it touched its highest point at $220.91 and its lowest point at $167.04 during that stretch. It currently has a 1-year price target of $205.00. VRSN paid its most recent dividend on 1304553600, while the ex-dividend date for that was 1304553600. Beta for the stock currently stands at 0.92.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VRSN was down-trending over the past week, with a drop of -0.06%, but this was down by -2.35% over a month. Three-month performance dropped to -0.40% while six-month performance rose 5.61%. The stock lost -15.59% in the past year, while it has lost -12.23% so far this year. A look at the trailing 12-month EPS for VRSN yields 8.60 with Next year EPS estimates of 8.55. For the next quarter, that number is 2.00. This implies an EPS growth rate of 1.20% for this year and 6.89% for next year. EPS is expected to grow by 8.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.71%.
Float and Shares Shorts:
At present, 101.30 million VRSN shares are outstanding with a float of 95.12 million shares on hand for trading. On 2024-10-31, short shares totaled 2.23 million, which was 231.99999999999997 higher than short shares on 1727654400. In addition to Mr. D. James Bidzos as the firm’s Executive Chairman, CEO & President, Mr. George E. Kilguss III serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.82558 of VRSN’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, VRSN reported revenue of $390600000.0 and operating income of $269300000.0. The EBITDA in the recently reported quarter was $288800000.0 and diluted EPS was $2.07.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VRSN since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VRSN analysts setting a high price target of 210.0 and a low target of 195.0, the average target price over the next 12 months is 200.2775. Based on these targets, VRSN could surge 16.17% to reach the target high and rise by 7.87% to reach the target low. Reaching the average price target will result in a growth of 10.79% from current levels.
Analysts have provided yearly estimates in a range of $8.00795 being high and $7.98069 being low. For VRSN, this leads to a yearly average estimate of $7.99491. The surprise factor in the prior quarter was $1.94. Based on analyst estimates, the high estimate for the next quarter is $2.08 and the low estimate is $2.08. The average estimate for the next quarter is thus $2.08.
