Last €57.68 EUR
Change Today -0.22 / -0.38%
Volume 0.0
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As of 1:17 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

verisign inc (VRS) Snapshot

Open
€57.24
Previous Close
€57.90
Day High
€57.92
Day Low
€56.78
52 Week High
02/26/15 - €57.95
52 Week Low
04/29/14 - €33.32
Market Cap
6.7B
Average Volume 10 Days
55.1
EPS TTM
--
Shares Outstanding
116.9M
EX-Date
05/5/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VERISIGN INC (VRS)

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verisign inc (VRS) Details

VeriSign, Inc. provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, and .name domain names, as well as the back-end systems for .gov, .jobs, .edu domain names, and others. Its registry services allow individuals and organizations to establish their online identities. The company also provides network intelligence and availability services consisting of distributed denial of service protection services, Verisign iDefense security intelligence services, and managed domain name system services. VeriSign, Inc. was founded in 1995 and is headquartered in Reston, Virginia.

1,061 Employees
Last Reported Date: 02/13/15
Founded in 1995

verisign inc (VRS) Top Compensated Officers

Founder, Executive Chairman, Chief Executive ...
Total Annual Compensation: $752.9K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $406.2K
Senior Vice President of Naming and Directory...
Total Annual Compensation: $326.8K
Compensation as of Fiscal Year 2013.

verisign inc (VRS) Key Developments

Verisign, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Financial Guidance for the First Quarter and Full Year of 2015

VeriSign, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $255,917,000 against $245,630,000 a year ago. Operating income was $142,221,000 against $130,174,000 a year ago. Income before income taxes was $120,476,000 against $116,445,000 a year ago. Net income was $65,472,000 or $0.48 diluted per share against $292,149,000 or $1.94 diluted per share a year ago. Non-GAAP operating income was $151,917,000 against $139,817,000 a year ago. On non-GAAP basis, net income was $95 million or $0.70 diluted per share compared to net income of $98 million or $0.65 diluted per share for the same quarter in 2013. Adjusted EBITDA was $168,962,000 against $170,644,000 a year ago. Fourth quarter 2014 net income was decreased by $26 million and diluted EPS was decreased by $0.19 primarily due to a non-U.S. income tax charge related to a reorganization of certain international operations and a change in estimate for U.S. income tax charges related to the repatriation of offshore assets in 2014. Free cash flow was $159 million, including a use of $9 million in capital expenditures. For the year, the company reported revenues of $1,010,117,000 against $965,087,000 a year ago. Operating income was $564,427,000 against $528,232,000 a year ago. Income before income taxes was $483,311,000 against $456,771,000 a year ago. Net income was $355,260,000 or $2.52 diluted per share against $544,450,000 or $3.49 diluted per share a year ago. Net cash provided by operating activities was $600,949,000 against $579,397,000 a year ago. Purchases of property and equipment were $39,327,000 against $65,594,000 a year ago. Adjusted EBITDA was $674,571,000. Non-GAAP operating income was $608,404,000 or $2.72 diluted per share against $564,881,000 or $2.40 diluted per share a year ago. Net income for 2014 was decreased by $10 million and diluted EPS was decreased by $0.07 primarily due to the fourth quarter 2014 non-U.S. income tax charge related to a reorganization of certain international operations and changes in estimates during 2014 for U.S. income taxes related to the 2013 worthless stock deduction and the 2014 repatriation of offshore assets. On non-GAAP basis, net income was $383 million or $2.72 diluted per share compared to net income of $374 million or $2.40 diluted per share in 2013. The company also provided financial guidance for the first quarter and full year of 2015. The company expected to use a 26% non-GAAP tax rate when reporting first quarter 2015 non-GAAP results. Revenue for 2015 is expected to be in the range of $1,040,000,000 to $1,060,000,000, representing an annual growth rate of 3% to 5%. This revenue range is based on domain name base growth rate of between 2% and 3.5% for 2015. Non-GAAP gross margin is expected to be at least 80%. Non-GAAP operating margin is expected to be between 60% and 62%. Non-GAAP interest expense and non-GAAP non-operating income net is expected to be an expense of between $84 million and $90 million for 2015 and includes the contingent interest expense accrual on convertible debentures. Capital expenditures for the year are expected to be between $40 million and $50 million.

VeriSign, Inc. Elects Jamie S. Gorelick to its Board of Directors

Effective January 30, 2015, Jamie S. Gorelick was elected to VeriSign, Inc.'s Board of Directors. Ms. Gorelick's membership on any Committee of the Board of Directors of the company has not been determined. Ms. Gorelick has been a partner with the international law firm Wilmer Cutler Pickering Hale and Dorr LLP since 2003. She served as Deputy Attorney General of the United States from 1994 to 1997 and as General Counsel of the Department of Defense from 1993 to 1994.

VeriSign, Inc. Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-24-2015 03:20 PM

VeriSign, Inc. Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-24-2015 03:20 PM. Venue: Loews Hotel, Miami Beach, Florida, United States.

 

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Industry Analysis

VRS

Industry Average

Valuation VRS Industry Range
Price/Earnings 25.4x
Price/Sales 7.6x
Price/Book NM Not Meaningful
Price/Cash Flow 21.1x
TEV/Sales 4.6x
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