Earnings Alerts

Verisign Inc (VRSN) Earnings Report: 1Q Revenue Increases 5.5% y/y and Meets Estimates with EPS of $1.92

  • VeriSign’s revenue for Q1 came in at $384.3 million.
  • This marks a 5.5% year-on-year increase in the company’s revenue.
  • The reported revenue was in line with estimates, which stood at $382 million.
  • Earnings Per Share (EPS) also showed an increase, with the current report showing $1.92 as compared to $1.70 of the same quarter in the previous year.
  • Out of the total reviews, VeriSign received 2 buys, 1 hold, and 1 sell.

Verisign Inc on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been covering Verisign Inc closely. In a recent report titled “VeriSign Inc.: Monopoly In Domain Registration – A Blend Of Intangible Assets & Exclusive Contracts – Major Drivers,” Baptista Research mentioned that VeriSign Inc delivered mixed results for the previous quarter, with revenues below the analyst consensus. Despite this, the company highlights its role as a critical Internet infrastructure operator and its ability to achieve positive financial results in an uncertain economic environment. VeriSign saw a 5.4% increase in revenues and a 15.8% growth in earnings per share compared to the previous year.


A look at Verisign Inc Smart Scores

FactorScoreMagnitude
Value0
Dividend1
Growth3
Resilience5
Momentum3
OVERALL SMART SCORE2.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Verisign Inc, a company specializing in domain names and Internet security, has received varying Smart Scores across different factors. While the Value score is at the lower end, the company excels in areas such as Resilience and Growth. With a strong Resilience score of 5, Verisign demonstrates robustness and stability in its operations, which bodes well for its long-term outlook. Additionally, the Growth score of 3 suggests potential for expansion and development in the future, indicating positive prospects for the company’s growth trajectory.

Verisign’s expertise in providing Internet security services adds to its overall momentum, reflected in a Momentum score of 3. Though the Dividend score is modest, the company’s core focus on security and reliability in online connectivity positions it as a key player in the digital realm. As Verisign continues to ensure the security and stability of essential Internet infrastructure, including top-level domains like .com and .net, its strategic position in the market indicates favorable prospects for investors seeking long-term growth and resilience in the tech sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars