Today, the EVP, Gen Counsel & Secretary of Verisign (VRSN), Thomas Indelicarto, sold shares of VRSN for $497.7K.
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Based on Verisign’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $306 million and quarterly net profit of $138 million. In comparison, last year the company earned revenue of $292 million and had a net profit of $115 million. VRSN’s market cap is $18.65B and the company has a P/E ratio of 37.64. Currently, Verisign has an average volume of 609.5K.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $163.75, reflecting a 4.3% upside.
The insider sentiment on Verisign has been negative according to 68 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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VeriSign, Inc. engages in the provision of domain name registry services and Internet security. Its product includes security services, consisting of Distributed Denial of Service Protection Services, Verisign iDefense Security Intelligence Services, and Managed Domain Name System Services.
