Last €40.67 EUR
Change Today -0.375 / -0.91%
Volume 10.0
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As of 2:10 AM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

verisign inc (VRS) Snapshot

Open
€41.78
Previous Close
€41.05
Day High
€41.78
Day Low
€40.67
52 Week High
01/16/14 - €47.02
52 Week Low
04/29/14 - €33.32
Market Cap
5.1B
Average Volume 10 Days
34.1
EPS TTM
--
Shares Outstanding
125.0M
EX-Date
05/5/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VERISIGN INC (VRS)

verisign inc (VRS) Related Businessweek News

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verisign inc (VRS) Details

VeriSign, Inc. provides Internet infrastructure services to various networks worldwide. The company offers domain name registry services that operate the authoritative directory of .com, .net, .cc, .tv, and .name domains, as well as the back-end systems for various.gov, .jobs, and .edu domains. Its registry services allow individuals and organizations to establish their online identities. The company also provides network intelligence and availability services that provide infrastructure assurance to organizations comprising distributed denial of services, protection services, Verisign iDefense security intelligence services, and managed domain name systems. VeriSign, Inc. was founded in 1995 and is headquartered in Reston, Virginia.

1,092 Employees
Last Reported Date: 07/24/14
Founded in 1995

verisign inc (VRS) Top Compensated Officers

Founder, Executive Chairman, Chief Executive ...
Total Annual Compensation: $752.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $406.2K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $409.6K
Senior Vice President of Naming Services
Total Annual Compensation: $326.8K
Vice President and Controller
Total Annual Compensation: $336.6K
Compensation as of Fiscal Year 2013.

verisign inc (VRS) Key Developments

VeriSign, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014 ;Provides Earnings Guidance for the Full Year of 2014

VeriSign, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $250.382 million against $239.332 million a year ago. Operating income was $143.121 million against $132.081 million a year ago. Income before income taxes was $126.625 million against $118.433 million a year ago. Net income was $100.176 million or $0.71 per diluted share against $86.890 million or $0.55 per diluted share a year ago. Non-GAAP operating income was $152.493 million against $140.916 million a year ago. Non-GAAP net income was $95.974 million or $0.68 per diluted share against $91.802 million or $0.58 per diluted share a year ago. Adjusted EBITDA was $168.198 million against $160.456 million a year ago. Capital expenditures were $7 million in the second quarter of 2014. Cash flow from operations was $121 million for the second quarter compared with $147 million for the same quarter in 2013. For the six months, the company reported revenue of $499.178 million against $475.779 million a year ago. Operating income was $282.706 million against $265.345 million a year ago. Income before income taxes was $251.341 million against $233.324 million a year ago. Net income was $194.599 million or $1.34 per diluted share against $171.403 million or $1.07 per diluted share a year ago. Net cash provided by operating activities was $262.738 million against $297.473 million a year ago. Purchases of property and equipment were $18.747 million against $37.550 million a year ago. Non-GAAP operating income was $302.071 million against $281.774 million a year ago. Non-GAAP net income was $190.931 million or $1.32 per diluted share against $186.001 million or $1.16 per diluted share a year ago. Four quarter ended adjusted EBITDA was $664.907 million. The company provided earnings guidance for the full year of 2014. Revenue for 2014 is now expected to be in the range of $1,003,000,000 to $1,012,000,000, representing an annual growth rate of approximately 4% to 5%. This is a change from the $1 billion to $1,015,000,000, as compared to previous guidance for the same period. Non-GAAP gross margin is still expected to be at least 80%. Non-GAAP interest expense and other non-GAAP non-operating income net is now expected to be an expense of between $76 million and $80 million for 2014, reflecting the possibility that the company may begin to accrue for the upside contingent interest expense on its convertible debentures starting in August of this year. This expense is increased from the $73 million to $77 million range. Capital expenditures for the year are now expected to be between $50 million and $60 million, changed from the $50 million to $70 million range given in previous guidance for the same period. The company expects cash tax rate to be well below the 28%.

VeriSign, Inc. to Report Q2, 2014 Results on Jul 24, 2014

VeriSign, Inc. announced that they will report Q2, 2014 results at 4:05 PM, US Eastern Standard Time on Jul 24, 2014

VeriSign, Inc., Q2 2014 Earnings Call, Jul 24, 2014

VeriSign, Inc., Q2 2014 Earnings Call, Jul 24, 2014

 

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Industry Analysis

VRS

Industry Average

Valuation VRS Industry Range
Price/Earnings 14.5x
Price/Sales 7.3x
Price/Book NM Not Meaningful
Price/Cash Flow 12.2x
TEV/Sales 4.7x
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