The internet infrastructure services provider, VeriSign, Inc. (NASDAQ:VRSN) has been a focal point for various investors and investment firms recently. Avantax Advisory Services Inc. and Woodson Capital Management LP have taken significant positions, while Jump Financial LLC sold a chunk of shares. Year-to-date, the stock has depreciated roughly 15%, not providing returns to investors over the past three years. However, it hasn't been this cheap since 2018, potentially signaling a buying opportunity.
There has been insider activity, with EVP - Engineering & CSO Danny McPherson, and director Yehuda Buchalter recently selling shares. StockNews.com downgraded the stock to hold. First quarter 2024 earnings have been released with the revenue being in line with expectations. Stock movement has generally been negative with some periods of outperformance against competitors. Its domain name registrations have seen a slight annual increase. The growth plan is underway, partially attributed to higher retail pricing. Verisign has also tweaked revenue outlook for 2024.
Verisign VRSN News Analytics from Fri, 08 Sep 2023 07:00:00 GMT to Sun, 26 May 2024 16:00:34 GMT - Rating -3 - Innovation -1 - Information 6 - Rumor -4
