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Last €64.34 EUR
Change Today -0.12 / -0.19%
Volume 24.0
VRS On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 3:53 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

verisign inc (VRS) Snapshot

Open
€63.74
Previous Close
€64.46
Day High
€65.09
Day Low
€63.45
52 Week High
07/30/15 - €65.18
52 Week Low
08/4/14 - €38.94
Market Cap
7.3B
Average Volume 10 Days
14.4
EPS TTM
--
Shares Outstanding
113.5M
EX-Date
05/5/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VERISIGN INC (VRS)

verisign inc (VRS) Related Businessweek News

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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.

1,118 Employees
Last Reported Date: 07/23/15
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: $411.6K
Senior Vice President of Naming and Directory...
Total Annual Compensation: $326.8K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $275.4K
Compensation as of Fiscal Year 2014.

verisign inc (VRS) Key Developments

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.

Verisign Commences Registered Exchange Offer for its 5.25% Senior Notes Due April 1, 2025

VeriSign, Inc. announced the commencement of an exchange offer for 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 will commence on June 11, 2015 and expire at 11:59 p.m., New York City time, on July 9, 2015. The Exchange Notes are substantially identical to the Original Notes, except that the Exchange Notes have been registered under the Act and will not bear any legend restricting their transfer. Verisign will accept for exchange any Original Notes validly tendered and not withdrawn prior to the expiration of the exchange offer at 11:59 p.m., New York City time on July 9, 2015, unless the exchange offer is extended or terminated.

Verisign, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Revises Earnings Guidance for the Full Year 2015

VeriSign, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the first quarter, the company reported revenue of $258.422 million for the first quarter of 2015, up 3.9% from $248.796 million for the same quarter in 2014. Operating income was $144.237 million against $139.585 million a year ago. Income before income taxes was $116.665 million against $124.716 million a year ago. Net income was $88.238 million or $0.66 per diluted share against $94.423 million or $0.64 per diluted share a year ago. Net cash provided by operating activities was $132.669 million against $141.629 million a year ago. Purchases of property and equipment were $13.042 million against $11.262 million a year ago. Non-GAAP operating income was $154.365 million against $149.578 million a year ago. Non-GAAP net income was $99.032 million or $0.74 per diluted share against $94.956 million or $0.64 per diluted share a year ago. Adjusted EBITDA was $171.120 million against $166.968 million a year ago. For full year 2015 guidance, revenue for 2015 is now expected to be in the range of $1,043,000,000 to $1,057,000,000, representing an annual growth rate of 3% to 5%. This revenue range is changed from the $1,040,000,000 to $1,060,000,000 range given in last call. Non-GAAP gross margins is still expected to be at least 80%. Full year 2015 non-GAAP operating margin is still expected to be between 60% and 62%. Non-GAAP interest expense and non-GAAP non-operating income net is now expected to be an expense of between $104 million to $110 million, changed from between $84 million and $90 million for 2015 and reflects the interest expense of the new bond issue. Capital expenditures for the year are still expected to be between $40 million and $50 million.

 

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Industry Analysis

VRS

Industry Average

Valuation VRS 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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