VeriSign Inc. Stock Buy Recommendation Reiterated (VRSN)
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- VERISIGN INC has improved earnings per share by 26.8% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, VERISIGN INC increased its bottom line by earning $1.91 versus $0.84 in the prior year. This year, the market expects an improvement in earnings ($2.25 versus $1.91).
- The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Internet Software & Services industry average. The net income increased by 24.3% when compared to the same quarter one year prior, going from $68.01 million to $84.51 million.
- VRSN's revenue growth trails the industry average of 31.3%. Since the same quarter one year prior, revenues rose by 14.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The gross profit margin for VERISIGN INC is currently very high, coming in at 86.41%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 35.74% significantly outperformed against the industry average.
- Net operating cash flow has increased to $150.64 million or 36.59% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -1.20%.
--Written by a member of TheStreet Ratings Staff. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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