This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

2 Stocks Hit 52-Week Highs: VRSN, WOLF

NEW YORK ( TheStreet) -- The following stocks hit 52-week highs on Wednesday: VeriSign (VRSN - Get Report) and Great Wolf Resorts (WOLF).


JPMorgan analysts raised their price target on VeriSign to $40 from $38 on Tuesday.

"We are raising our 1Q12 net add estimate to 2.75M up from 2.5M as sources indicate better traction through the quarter," JPMorgan analysts wrote. "This adds [about] $2M in revenue to both FY12 and FY13, and a penny of EPS."

Shares of VeriSign hit a 52-week high on Wednesday of $39.54. The stock's 52-week low of $27 was set on Sept. 22.

VeriSign has an estimated price-to-earnings ratio for next year of 17.53 times; the average for computer services companies is 23.31. For comparison, Teradata (TDC) and Equinix (EQIX) both have higher forward P/Es of 22.54 and 42.21, respectively.

Ten of the 16 analysts who cover VeriSign rated it buy. Five analysts gave the stock a hold rating and one rated it sell.

TheStreet Ratings gives VeriSign a B- grade with a buy rating and $44.98 price target. The stock has risen 10.58% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
VRSN $74.71 0.23%
AAPL $109.50 -1.16%
FB $92.47 0.08%
GOOG $639.16 -0.50%
TSLA $226.72 -2.26%


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs