VeriSign (VRSN) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 0.6%. By the end of trading, VeriSign rose 86 cents (2.1%) to $41.16 on average volume. Throughout the day, 2.8 million shares of VeriSign exchanged hands as compared to its average daily volume of two million shares. The stock ranged in a price between $40.02-$41.48 after having opened the day at $40.16 as compared to the previous trading day's close of $40.30. Other companies within the Computer Software & Services industry that increased today were: Mitek Systems (MITK), up 13.3%, Webmedia Brands (WEBM), up 9.1%, Helios & Matheson Information Technology In (HMNY), up 8.6%, and Simulations Plus (SLP), up 7.1%. VeriSign, Inc. provides Internet infrastructure services to various networks worldwide. VeriSign has a market cap of $6.26 billion and is part of the technology sector. The company has a P/E ratio of 40, above the average computer software & services industry P/E ratio of 37.7 and above the S&P 500 P/E ratio of 17.7. Shares are up 7.3% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate VeriSign a buy, one analyst rates it a sell, and five rate it a hold. TheStreet Ratings rates VeriSign as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations, impressive record of earnings per share growth and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
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