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Last $70.94 USD
Change Today -0.09 / -0.13%
Volume 867.5K
VRSN On Other Exchanges
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As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

verisign inc (VRSN) Key Developments

VeriSign, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revised Earnings Guidance for the Year 2015

VeriSign, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's revenues were $262,539,000 compared to $250,382,000 a year ago. Operating income was $148,965,000 compared to $143,121,000 a year ago. Income before income taxes was $123,663,000 compared to $126,625,000 a year ago. Net income was $93,011,000 compared to $100,176,000 a year ago. Diluted income per share was $0.70 compared to $0.71 a year ago. Non-GAAP operating income was $160,966,000 compared to $152,493,000 a year ago. Non-GAAP net income was $98,528,000 compared to $95,974,000 a year ago. Diluted income per share, non-GAAP was $0.74 compared to $0.68 a year ago. Cash flow from operations was $175 million for the second quarter of 2015, compared with $121 million for the same quarter in 2014. Capital expenditures were $9 million in the second quarter of 2015. For the six months, the company's revenues were $520,961,000 compared to $499,178,000 a year ago. Operating income was $293,202,000 compared to $282,706,000 a year ago. Income before income taxes was $240,328,000 compared to $251,341,000 a year ago. Net income was $181,249,000 compared to $194,599,000 a year ago. Diluted income per share was $1.36 compared to $1.34 a year ago. Net cash provided by operating activities was $307,625,000 compared to $262,738,000 a year ago. Purchases of property and equipment was $21,891,000 compared to $18,747,000 a year ago. Non-GAAP operating income 315,331,000 compared to $302,071,000 a year ago. Non-GAAP net income was $197,560,000 compared to $190,931,000 a year ago. Diluted income per share, non-GAAP was $1.48 compared to $1.32 a year ago. For the full year 2015, the company's revenue for 2015 is now expected to be in the range of $1,045,000,000 to $1,055,000,000, representing an annual growth rate of 3.5% to 4.5%. This revenue range is narrowed from the $1,043,000,000 to $1,057,000,000 given on last call. Non-GAAP gross margin is still expected to be at least 80%. Non-GAAP interest expense and non-GAAP non operating income net is still expected to be an expense of between $104 million and $110 million. Capital expenditures for the year are also still expected to be between $40 million and $50 million. Guidance is based on expectations about the outlook of business, in addition to financial projections for interest income and expense.

VeriSign, Inc. to Report Q2, 2015 Results on Jul 23, 2015

VeriSign, Inc. announced that they will report Q2, 2015 results at 4:05 PM, Eastern Daylight on Jul 23, 2015

VeriSign, Inc. Modifies Registered Exchange Offer for 5.25% Senior Notes Due 2025

VeriSign reported the extension of its offer to exchange all of its outstanding 5.25% Senior Notes due April 1, 2025, which are not registered under the Securities Act of 1933, as amended, for an equal principal amount of its 5.25% Senior Notes due April 1, 2025, which have been registered under the Act. The exchange offer, which was scheduled to expire at 11:59 p.m., New York City time, on July 9, has been extended until 11:59 p.m., New York City time, on July 10, unless further extended by the company. Based on information provided by U.S. Bank National Association, the exchange agent for the exchange offer, as of July 9, at 5:08 p.m., $499,800,000 aggregate principal amount of the outstanding original notes had been validly tendered for exchange and not validly withdrawn, representing approximately 99.96% of the outstanding original notes.

VeriSign, Inc., Q2 2015 Earnings Call, Jul 23, 2015

VeriSign, Inc., Q2 2015 Earnings Call, Jul 23, 2015

Verisign Announces Final Results of its Offer to Exchange All of its Outstanding 5.25% Senior Notes Due April 1, 2025

VeriSign, Inc. announced the final results of its offer to exchange all of its outstanding 5.25% Senior Notes due April 1, 2025 (the Original Notes"), which are not registered under the Securities Act of 1933, as amended (the Act"), for an equal principal amount of its 5.25% Senior Notes due April 1, 2025, which have been registered under the Act (the Exchange Notes"). The exchange offer commenced on June 11, 2015 and expired at 11:59 p.m., New York City time, on July 10, 2015. U.S. Bank National Association, acting as exchange agent for the exchange offer, advised the company that $499,800,000 of the $500,000,000 aggregate principal amount of the Original Notes have been validly tendered for exchange, representing 99.96% of the principal amount of the outstanding Original Notes. The company accepted all of the Original Notes validly tendered and not withdrawn. This announcement does not constitute an offer to purchase any securities or the solicitation of an offer to sell any securities. The exchange offer was made only pursuant to the prospectus dated June 11, 2015 and the related letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law.

 

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Valuation VRSN Industry Range
Price/Earnings 28.1x
Price/Sales 8.0x
Price/Book NM Not Meaningful
Price/Cash Flow 23.5x
TEV/Sales 4.2x
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