In recent developments, **Sei Investment Co.** and **Mitsubishi UFJ Asset Management Co. Ltd.** have significantly increased their holdings in **VeriSign Inc.**. This comes after **VeriSign**'s Q2 earnings surpassed estimates thanks to boosting revenues. Insights into options trading for VeriSign indicate a positive trend, anticipated to continue until the first week of March 2025. In contrast, certain investment firms like **Bleakley Financial Group LLC** and **Tokio Marine Asset Management Co. Ltd.** have reduced their stakes in the company. Despite these sales, VeriSign's stock continues to outperform competitors, even on days showing losses. The general consensus among analysts forecasts a rebound for **VeriSign** shares towards their 2021 highs of around $250. However, VeriSign faces stiff competition from tech firms, specifically noted against Cloudflare. VeriSign's recent corporate strategy includes retail price increases aimed at bolstering growth. The company also projects Q1 2024 earnings surpassing analyst revenue forecasts. Despite a slow Q1 in 2024, VeriSign remains hopeful of future performance.
Verisign VRSN News Analytics from Mon, 06 Jun 2022 07:00:00 GMT to Sun, 21 Jul 2024 11:46:40 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -2
