New insider activity at Verisign ( (VRSN) ) has taken place on February 26, 2025.
Senior Vice President and Chief Accounting Officer John Calys has recently sold 447 shares of Verisign stock, amounting to a total transaction value of $103,587.
Recent Updates on VRSN stock
In the last 24 hours, Verisign has seen significant developments, including a price target increase by Baird from $250 to $255, driven by optimism from their Q4 results and potential upside in 2025. The company’s recent earnings call highlighted steady revenue growth of 4.3% year-over-year, reaching $1.557 billion for 2024, and a 5.7% increase in operating income. Despite challenges such as a decline in the domain name base and decreased net income due to the absence of prior year tax benefits, Verisign remains optimistic about future growth. This optimism is supported by new marketing strategies, improved renewal rates, and strategic agreements that secure its position as a leading domain registry operator through 2030. The company anticipates FY25 revenue between $1.615 billion and $1.635 billion, with operating income projected between $1.095 billion and $1.115 billion.
More about Verisign
YTD Price Performance: 13.68%
Average Trading Volume: 728,983
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $22.06B
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