VeriSign appears in a series of important market updates. The recent news proves an upsurge in
interest from institutional investors. Firms like
Tidal Investments,
Toronto Dominion Bank, and
Vestcor have boosted their holdings in VeriSign. In contrast,
Geode Capital Management,
Wellington Management Group, and
State Street Corp have reduced their shares in the company. The
confidence of different analysts in VeriSign has also manifested in the form of upgrades. For instance, VeriSign receives upgrades from Baird R W to a “Strong-Buy” rating. This is because of the
strong financial performance indicated in the Q3 2024 earnings call highlights and is, therefore, regarded as a
smart investment with a projected 17% upside in share price. However, there are mixed sentiments about the company's stock with some insiders like
Danny Mcpherson having sold some of their shares. The company's contract renewal with
ICANN is note-worthy along with increased revenue from price hikes, despite a drop in domain registrations.
Verisign VRSN News Analytics from Wed, 27 Mar 2024 02:31:07 GMT to Sat, 14 Dec 2024 14:36:10 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -2
