VeriSign, Inc. (NASDAQ:VRSN) has received a consensus “Hold” rating from five brokerages, with three recommending “Hold” and two recommending “Buy,” and an average 12-month target price of $292.00. The company reported mixed quarterly results, missing EPS estimates but slightly exceeding revenue expectations with 7.6% year-over-year growth and a nearly 50% net margin. VeriSign also increased its quarterly dividend to $0.81, representing a 1.4% yield and a 36.78% payout ratio.
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VeriSign, Inc. (NASDAQ:VRSN) Receives Consensus Rating of "Hold" from Brokerages
VeriSign, Inc. (NASDAQ:VRSN) has received a consensus “Hold” rating from five brokerages, with three recommending “Hold” and two recommending “Buy,” and an average 12-month target price of $292.00. The company reported mixed quarterly results, missing EPS estimates but slightly exceeding revenue expectations with 7.6% year-over-year growth and a nearly 50% net margin. VeriSign also increased its quarterly dividend to $0.81, representing a 1.4% yield and a 36.78% payout ratio.