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Verisign (VRSN)
NASDAQ:VRSN
Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2Last Year’s EPS
2.6Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 0.00%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
VeriSign demonstrated solid financial performance and operational resilience, maintaining a strong cash position and returning capital to shareholders. Despite challenges in the domain name base and a drop in net income, the company shows optimism for future growth with new marketing strategies and improved renewal rates.Company Guidance
During VeriSign, Inc.'s 2024 earnings call, the company reported a 4.3% year-over-year revenue growth, reaching $1.557 billion, and a 5.7% increase in operating income, totaling $1.058 billion. The domain name base for .com and .net saw a decrease of 2.1%, equating to 3.7 million fewer names, with specific declines noted in the US and China regions. However, the fourth quarter showed signs of improvement with 9.5 million new registrations, up from 9 million the previous year. VeriSign returned $1.2 billion to shareholders through the repurchase of 6.6 million shares and ended the year with $600 million in cash and equivalents. For 2025, the company anticipates revenue between $1.615 billion and $1.635 billion, with operating income projected between $1.095 billion and $1.115 billion. Capital expenditures are expected to be between $30 million and $40 million, with an effective tax rate of 21% to 24%. Despite challenges, VeriSign remains optimistic about improving trends in the domain name base, driven by new marketing initiatives aimed at enhancing registrar engagement.Stable Financial Performance
VeriSign reported a 4.3% year-over-year revenue growth, reaching $1.557 billion for 2024, and a 5.7% increase in operating income. The company returned $1.2 billion to shareholders through share repurchases, and maintained a stable financial position with $600 million in cash and marketable securities.
Operational Achievements
VeriSign extended its record of uninterrupted .com and .net resolution to over 27 years, processing over 400 billion transactions daily. The renewal rate for the fourth quarter of 2024 improved to 73.9%.
Positive Market Responses
The company introduced new marketing programs, showing positive response from registrars, and reported an increase in new registrations to 9.5 million for Q4 2024, up from 9 million in the same quarter last year.
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VRSN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VRSN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $220.18 | ― | ― |
| Oct 24, 2024 | $185.12 | $181.26 | -2.09% |
| Jul 25, 2024 | $176.74 | $184.10 | +4.16% |
| Apr 25, 2024 | $182.68 | $175.48 | -3.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Verisign (VRSN) report earnings?
Verisign (VRSN) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Verisign (VRSN) earnings time?
Verisign (VRSN) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VRSN EPS forecast?
VRSN EPS forecast for the fiscal quarter 2024 (Q4) is 2.
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