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VeriSign (VRSN) To Report Earnings Tomorrow: Here Is What To Expect

VRSN Cover Image

Internet infrastructure company VeriSign (NASDAQ: VRSN) will be reporting earnings this Thursday after market hours. Here’s what investors should know.

VeriSign met analysts’ revenue expectations last quarter, reporting revenues of $409.9 million, up 5.9% year on year. It was a slower quarter for the company, with revenue in line with analysts’ estimates.

Is VeriSign a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting VeriSign’s revenue to grow 6.7% year on year to $416.8 million, improving from the 3.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.25 per share.

VeriSign Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. VeriSign has only missed Wall Street’s revenue estimates once since going public and has exceeded top-line expectations on average.

With VeriSign being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for sales and marketing software stocks. However, the segment has faced declining investor sentiment as VeriSign’s peer group is down 3.5% on average over the last month. VeriSign is down 6% during the same time and is heading into earnings with an average analyst price target of $309 (compared to the current share price of $265.70).

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