VeriSign Inc (VRSN), the internet registry and security services company, has had a mixed bag performance in recent times. It experienced a 1-year rally, which led to questioning if the
stock's price was stretched and valuation needed reassessment. However, significant investors such as
Rakuten Investment Management Inc and
Vest Financial LLC took new positions in the company, with
Wealth Enhancement Advisory Services LLC holding a $32.99 Million position in VeriSign.
Universal Beteiligungs und Servicegesellschaft mbH even held a remarkable $65.09 Million position. In other activities, CEO
D James Bidzos sold a portion of his VeriSign shares. Discussion about the decline in VeriSign's
margin and its implication on long-term profit quality attracted attention. Assessment of its
valuation was done after a share price dip. The firm met and exceeded Q3 expectations, despite a reduction in their holdings by
Berkshire Hathaway and
New York State Teachers Retirement System. Additionally, the company disclosed the resignation of long-standing board member
Thomas Frist, and increased their
earnings, whilst announcing a
secondary offering of common stock.
Verisign VRSN News Analytics from Fri, 28 Mar 2025 07:00:00 GMT to Sat, 24 Jan 2026 11:08:18 GMT -
Rating 4
- Innovation 2
- Information 7
- Rumor -3
