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Last $64.42 USD
Change Today -0.62 / -0.95%
Volume 937.1K
VRSN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

verisign inc (VRSN) Snapshot

Open
$65.08
Previous Close
$65.04
Day High
$65.44
Day Low
$64.27
52 Week High
04/23/15 - $68.25
52 Week Low
04/28/14 - $46.45
Market Cap
7.5B
Average Volume 10 Days
1.6M
EPS TTM
$2.60
Shares Outstanding
116.4M
EX-Date
05/5/11
P/E TM
24.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for VERISIGN INC (VRSN)

verisign inc (VRSN) Related Businessweek News

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verisign inc (VRSN) 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.

1,025 Employees
Last Reported Date: 04/23/15
Founded in 1995

verisign inc (VRSN) 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 (VRSN) Key Developments

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.

Corero Announces Integration with Verisign OpenHybrid to Enable Best of Breed DDoS Protection

Corero Network Security announced its integration with Verisign OpenHybrid and support for Verisign's open standards-based approach for hybrid DDoS solutions. For Verisign and Corero customers, this integration combines on-premises technology from Corero Network Security to defeat sub-saturating DDoS attacks alongside cloud-based DDoS Protection Service from Verisign for high volume and complex application layer attacks that exceed the customer's network and resource capacity. Together, these solutions are designed to provide Internet-dependent organizations with scalable DDoS protection capabilities. This collaboration with Verisign further underscores the momentum in the market for a hybrid approach to DDoS defense.

VeriSign Seeks Acquisitions

VeriSign, Inc. (NasdaqGS:VRSN) is looking for acquisition. VeriSign states, "Any borrowings under the Facility may be used for working capital purposes, to finance acquisitions, stock repurchases, and capital expenditures, and other general corporate purposes.”

 

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Industry Analysis

VRSN

Industry Average

Valuation VRSN Industry Range
Price/Earnings 25.6x
Price/Sales 7.5x
Price/Book NM Not Meaningful
Price/Cash Flow 21.7x
TEV/Sales 3.7x
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