VeriSign (VRSN - Free Report) closed at $200.47 in the latest trading session, marking a +0.09% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.02%. Elsewhere, the Dow lost 0.2%, while the tech-heavy Nasdaq added 0.22%.
Heading into today, shares of the internet infrastructure services provider had lost 3.4% over the past month, lagging the Computer and Technology sector's loss of 3.18% and the S&P 500's loss of 2.86% in that time.
VeriSign will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.74, up 10.13% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $373.79 million, up 4.73% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.02 per share and revenue of $1.49 billion, which would represent changes of +12.5% and +4.68%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for VeriSign. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. VeriSign currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that VeriSign has a Forward P/E ratio of 28.53 right now. For comparison, its industry has an average Forward P/E of 22.76, which means VeriSign is trading at a premium to the group.
The Internet - Software and Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 51, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
VeriSign (VRSN - Free Report) closed at $200.47 in the latest trading session, marking a +0.09% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.02%. Elsewhere, the Dow lost 0.2%, while the tech-heavy Nasdaq added 0.22%.
Heading into today, shares of the internet infrastructure services provider had lost 3.4% over the past month, lagging the Computer and Technology sector's loss of 3.18% and the S&P 500's loss of 2.86% in that time.
VeriSign will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.74, up 10.13% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $373.79 million, up 4.73% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.02 per share and revenue of $1.49 billion, which would represent changes of +12.5% and +4.68%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for VeriSign. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. VeriSign currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that VeriSign has a Forward P/E ratio of 28.53 right now. For comparison, its industry has an average Forward P/E of 22.76, which means VeriSign is trading at a premium to the group.
The Internet - Software and Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 51, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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