Principal Securities Inc. and
AGF Management Ltd. have both increased their stakes in
VeriSign, Inc. (NASDAQ:VRSN), while other institutions including
M&T Bank Corp and
Victory Capital Management Inc. have liquidated some of their positions. The company's stock performance has generally underperformed compared to its competitors, and its share prices have dipped due to
weakness in demand. However, the Q1 earnings for 2024 surpassed analyst revenue forecasts, and domain name registrations have seen a modest increase. Several key insiders and directors have sold off shares, including
Yehuda Buchalter and
Thomas Indelicarto. VeriSign's Q1 revenue was in line with expectations, and their EPS managed to beat expectations. Despite these positive stats, the company is lowering its guidance for 2024 due to a slower than expected Q1. The company's COO announced his retirement, and retail pricing for .com domains is set to increase to $10.26.
Verisign VRSN News Analytics from Fri, 08 Sep 2023 07:00:00 GMT to Thu, 16 May 2024 10:52:25 GMT -
Rating -7
- Innovation -5
- Information 7
- Rumor -3
