M&T Bank Corp decreased its stake in
VeriSign, Inc. (NASDAQ:VRSN) by selling 1,057 shares, while
Teacher Retirement System of Texas has a $15.23 million position in the company. Various financial firms and systems are adjusting their positions in VeriSign, including
Truist Financial Corp,
BNP Paribas Financial Markets, and
Victory Capital Management Inc. VeriSign's Q4 results have been released and the earnings have beaten estimates while the revenues increased Y/Y. The stock has faced underperformance when compared to competitors.
VeriSign Inc adjusted its revenue view for '24 after the Q1 results, even though the earnings surpassed estimates. Despite a slow Q1,
VeriSign VRSN projects strategic growth and revenue in line with expectations.
VeriSign experienced a dip in the stock market but remains a viable option for investment while closely trailed by competitors. Its Q4 domain name registrations have risen 2.5% Y/Y. Advisories are in place about insider selling in VeriSign and the retirement of its COO. The financial growth remains solid despite global economic challenges. The stock's recovery is perceived to be slow, while Baird believes its domain trends may be bottoming out.
Verisign VRSN News Analytics from Fri, 08 Sep 2023 07:00:00 GMT to Sun, 12 May 2024 21:08:46 GMT -
Rating 3
- Innovation 5
- Information 7
- Rumor -3
