VeriSign Inc

Company Profile

VeriSign Inc had its IPO on 1998-01-29 under the ticker symbol VRSN.

The company operates in the Technology sector and Software-Infrastructure industry. VeriSign Inc has a staff strength of 914 employees.

Stock update

Shares of VeriSign Inc opened at $200.29 at the start of the last trading session i.e. 2023-03-24.

The stocks traded within a range of $199.51 - $202.09, and closed at $201.88.

This is a +0.63% increase from the previous day's closing price.

A total volume of 528,609 shares were traded at the close of the day’s session.

In the last one week, shares of VeriSign Inc have increased by +3.97%.

VeriSign Inc's Key Ratios

VeriSign Inc has a market cap of $21.12 billion, indicating a price to book ratio of 0 and a price to sales ratio of 15.1637.

In the last 12-months VeriSign Inc’s revenue was $1.42 billion with a gross profit of $1.22 billion and an EBITDA of $990 million. The EBITDA ratio measures VeriSign Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, VeriSign Inc’s operating margin was 66.19% while its return on assets stood at 31.71% with a return of equity of 0%.

In Q4, VeriSign Inc’s quarterly earnings growth was a negative -43.1% while revenue growth was a positive 8.5%.

VeriSign Inc’s PE and PEG Ratio

Forward PE

26.1097

Trailing PE

31.0741

PEG

3.26

Its diluted EPS in the last 12-months stands at $6.48 per share while it has a forward price to earnings multiple of 26.1097 and a PEG multiple of 3.26. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into VeriSign Inc’s profitability.

VeriSign Inc stock is trading at a EV to sales ratio of 15.5916 and a EV to EBITDA ratio of 22.3416. Its price to sales ratio in the trailing 12-months stood at 15.1637.

VeriSign Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$1.73 billion

Total Liabilities

$1.12 billion

Operating Cash Flow

$-190300000.00

Capital Expenditure

$7.70 million

Dividend Payout Ratio

0%

VeriSign Inc ended 2023 with $1.73 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.73 billion while shareholder equity stood at $-1562200000.00.

VeriSign Inc ended 2023 with $328.70 million in deferred long-term liabilities, $1.12 billion in other current liabilities, 12644500000.00 in common stock, $-14204000000.00 in retained earnings and $52.50 million in goodwill. Its cash balance stood at $373.60 million and cash and short-term investments were $980.40 million. The company’s total short-term debt was $0 while long-term debt stood at $1.79 billion.

VeriSign Inc’s total current assets stands at $1.04 billion while long-term investments were $0 and short-term investments were $606.80 million. Its net receivables were $8.10 million compared to accounts payable of $9.80 million and inventory worth $0.

In 2023, VeriSign Inc's operating cash flow was $-190300000.00 while its capital expenditure stood at $7.70 million.

Comparatively, VeriSign Inc paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$201.88

52-Week High

$228.8

52-Week Low

$155.25

Analyst Target Price

$239.6

VeriSign Inc stock is currently trading at $201.88 per share. It touched a 52-week high of $228.8 and a 52-week low of $228.8. Analysts tracking the stock have a 12-month average target price of $239.6.

Its 50-day moving average was $206.22 and 200-day moving average was $191.54 The short ratio stood at 1.79 indicating a short percent outstanding of 0%.

Around 108.7% of the company’s stock are held by insiders while 9635.8% are held by institutions.