Last $50.66 USD
Change Today +0.08 / 0.16%
Volume 944.6K
VRSN On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:20 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

verisign inc (VRSN) Snapshot

Open
$50.26
Previous Close
$50.58
Day High
$50.95
Day Low
$50.23
52 Week High
01/16/14 - $62.96
52 Week Low
06/24/13 - $43.28
Market Cap
6.7B
Average Volume 10 Days
1.8M
EPS TTM
$3.60
Shares Outstanding
132.1M
EX-Date
05/5/11
P/E TM
14.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for VERISIGN INC (VRSN)

verisign inc (VRSN) Related Businessweek News

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verisign inc (VRSN) 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.

1,079 Employees
Last Reported Date: 02/21/14
Founded in 1995

verisign inc (VRSN) 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 (VRSN) Key Developments

VeriSign, Inc. Proposes Amendment to Amended and Restated Certificate of Incorporation

VeriSign, Inc. proposed amendment to the company's Fourth Amended and Restated Certificate of Incorporation and Sixth Amended and Restated Bylaws to permit stockholders to call special meetings at the Annual Meeting of Stockholders to be held on May 22, 2014.

VeriSign, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

VeriSign, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. The company reported revenue of $246 million for the fourth quarter of 2013, up 7% from the same quarter in 2012 revenue of $230.196 million. The operating margin was 53.0% for the fourth quarter of 2013 compared to 58.8% for the same quarter in 2012. The company reported net income of $292 million and diluted earnings per share (EPS) of $1.94 for the fourth quarter of 2013, compared to net income of $106 million and diluted EPS of $0.65 in the same quarter in 2012. The company reported, on a non-GAAP basis, net income of $98 million and diluted EPS of $0.65 for the fourth quarter of 2013, compared to net income of $96 million and diluted EPS of $0.59 for the same quarter in 2012. The non-GAAP operating margin was 56.9% for the fourth quarter of 2013 compared to 62.0% for the same quarter in 2012. Results for the fourth quarter of 2013 included a pre-tax, non-operating, gain of $15.8 million from the sale of certain cost-method investments which increased non-GAAP net income by $11.4 million and diluted EPS by $0.07. Non-GAAP results for the fourth quarter of 2012 included certain pre-tax benefits as described in the fourth quarter 2012 earnings news release which, together, increased the non-GAAP operating margin by 4.9 percentage points and diluted EPS by $0.05. Cash flow from operations was $147 million for the fourth quarter of 2013 compared with $171 million for the same quarter in 2012. Capital expenditures were $15 million in the fourth quarter of 2013. Income from continuing operations before income taxes was $116.445 million against $131.294 million a year ago. Income from continuing operations, net of tax was $292.149 million or $1.94 per diluted share against $101.089 million or $0.62 per diluted share a year ago. Adjusted operating income was $139.817 million against $142.824 million a year ago. Adjusted EBITDA was $170.644 million against $167.126 million a year ago. For the year ended Dec. 31, 2013, the company reported revenue of $965 million, up 10% from $874 million in 2012. The company reported net income of $544 million and diluted EPS of $3.49 in 2013, compared to net income of $320 million and diluted EPS of $1.95 in 2012. The operating margin for 2013 was 54.7% compared to 52.4% in 2012. Results for 2013 included the income tax benefit recognized during the fourth quarter related to the worthless stock deduction, a pre-tax non-operating gain from the sale of certain cost-method investments, and income tax expense related to taxable income generated in the U.S. as a result of an intended repatriation in 2014 which collectively increased net income by $217.8 million and increased diluted EPS by $1.39. The company reported, on a non-GAAP basis, net income of $374 million and diluted EPS of $2.40 for 2013, compared to net income of $322 million and diluted EPS of $1.97 in 2012. The non-GAAP operating margin for 2013 was 58.5% compared to 56.2% in 2012. Results for 2013 included a pre-tax, non-operating gain of $15.8 million recognized during the fourth quarter from the sale of certain cost-method investments which increased non-GAAP net income by $11.4 million and diluted EPS by $0.07. Cash flow from operations was $579 million for the full year 2013 compared with $538 million for the full year 2012. Capital expenditures were $66 million for the full year 2013 compared to $53 million a year ago. Income from continuing operations before income taxes was $456.771 million against $412.695 million a year ago. Income from continuing operations, net of tax was $544.450 million or $3.49 per diluted share against $312.485 million or $1.91 per diluted share a year ago. Adjusted operating income was $564.881 million against $491.245 million a year ago. Adjusted EBITDA was $645.934 million.

Verisign, Inc. Announces Earnings Guidance for Full Year of Fiscal Year 2014

VeriSign, Inc. announced earnings guidance for full year of fiscal year 2014. For the year 2014, the company reported guidance were revenue for 2014 should be in the range of $1 billion to $1.02 billion, representing an annual growth rate of 4% to 6%. This revenue range is based on a zone growth rate of between 2% and 4% for 2014 and takes into consideration first quarter net additions estimate. Non-GAAP gross margin is expected to be at least 80%. Full year 2014 non-GAAP operating margin is expected to be between 58% and 60%. Non-GAAP interest expense and non-GAAP non operating income net is expected to be an expense of between $73 million and $77 million for 2014. Capital expenditures for the year are expected to be between $60 million and $80 million. The company guidance is based on expectations about the outlook of business in addition to financial projections for interest income and expense.

 

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Industry Analysis

VRSN

Industry Average

Valuation VRSN Industry Range
Price/Earnings 14.5x
Price/Sales 7.1x
Price/Book NM Not Meaningful
Price/Cash Flow 12.3x
TEV/Sales 3.7x
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