VRSN Stock Summary and Trading Ideas (Verisign | NASDAQ:VRSN)

Verisign is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains. The company operates critical internet infrastructure to support the domain name system, including operating two of the world's 13 root servers that are used to route internet traffic. In 2018, the firm sold off its Security Services business, signalling a renewed focus on the core registry business.

Verisign trades on the NASDAQ stock market under the symbol VRSN.

As of May 24, 2024, VRSN stock price declined to $171.17 with 685,366 million shares trading.

VRSN has a beta of 0.53, meaning it tends to be less sensitive to market movements. VRSN has a correlation of 0.16 to the broad based SPY ETF.

VRSN has a market cap of $17.05 billion. This is considered a Large Cap stock.

Last quarter Verisign reported $384 million in Revenue and $1.92 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.06.

In the last 3 years, VRSN stock traded as high as $257.03 and as low as $155.25.

The top ETF exchange traded funds that VRSN belongs to (by Net Assets): VTI, VOO, VO, SPY, USMV.

VRSN has underperformed the market in the last year with a price return of -22.9% while the SPY ETF gained +30.4%. VRSN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.9% and 0.0%, respectively, while the SPY returned +4.6% and +1.7%, respectively.

VRSN support price is $169.94 and resistance is $174.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VRSN stock will trade within this expected range on the day.