Verisign Inc. (NASDAQ:VRSN) has had a busy and tumultuous time. The company has experienced insider sales, with Thomas Indelicarto selling 3,684 shares, and Danny Mcpherson offloading 1,200 shares. Yehuda Buchalter also made an insider sale. Janus Henderson Group PLC and DekaBank Deutsche Girozentrale increased their stakes in Verisign, but public companies like the Ohio Public Employees Retirement System and Lbp Am Sa decreased their investments.
Verisign's quarter performance was notable; it topped Q2 EPS estimates by 7 cents and reported a Q2 EPS of $2.01, two estimates of $1.93. In Q2, the domain name registrations rose by 2.5% Y/Y.
However, despite its strong financial performance, there has been some concern surrounding the company. Its .com contract underwent an inquiry from Republican lawmakers, and Verisign faces pushback from an advocacy group over its contract renewal. Yet, on a positive note, the company was granted a patent for connecting domain names to blockchain addresses. Additionally, Verisign stock is seen as an underfollowed value opportunity yielding a 9.8% return. It is also viewed as a possible undervalued investment.
There have been mixed sentiments regarding whether Verisig's stock will recover to its 2021 highs around $250.
Verisign VRSN News Analytics from Fri, 08 Sep 2023 07:00:00 GMT to Sun, 04 Aug 2024 16:32:00 GMT - Rating 3 - Innovation 2 - Information 1 - Rumor -2
