Asia FX rises; US-Japan trade deal boosts yen, won to 2-week highs
VeriSign Inc (NASDAQ:VRSN). stock has reached a new all-time high, hitting 290.55 USD, with a robust market capitalization of $27.23 billion. According to InvestingPro analysis, the company maintains an impressive gross profit margin of 87.83%. This milestone underscores a remarkable 66.05% increase over the past year, reflecting strong investor confidence and the company’s robust market performance. The stock’s surge to this record level highlights its sustained upward trajectory, driven by consistent growth in its domain name registry services and cybersecurity solutions. InvestingPro data reveals the company’s overall financial health score is "GOOD," with 15+ additional exclusive insights available to subscribers. As VeriSign continues to expand its market influence, investors are closely watching to see if the company can maintain its momentum and deliver further gains in the coming months. With analyst targets ranging from $217 to $330, subscribers to InvestingPro can access comprehensive research reports and detailed financial analysis to make informed investment decisions.
In other recent news, VeriSign reported strong financial results for the first quarter of 2025, surpassing analysts’ expectations with an earnings per share (EPS) of $2.10, compared to the anticipated $2.07. The company’s revenue reached $402 million, slightly above the forecasted $396.52 million, marking a 4.7% increase year-over-year. Citi has raised its price target for VeriSign to $330 from $294, maintaining a Buy rating due to positive domain trends, particularly the growth of .com domains. VeriSign also announced the resignation of long-standing board member Thomas F. Frist, III, citing personal and professional obligations. This resignation is part of the company’s efforts to streamline governance. Additionally, VeriSign has initiated a quarterly cash dividend of $0.77 per share, reflecting confidence in its financial stability and commitment to returning capital to shareholders. The company continues to focus on expanding its domain name base and enhancing marketing programs. Despite macroeconomic uncertainties, VeriSign projects revenue for 2025 to be between $1.635 billion and $1.650 billion.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.