Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 0.2%. By the end of trading, VeriSign fell $1.33 (-2.9%) to $44.77 on heavy volume. Throughout the day, 5,617,494 shares of VeriSign exchanged hands as compared to its average daily volume of 2,204,000 shares. The stock ranged in price between $43.30-$46.50 after having opened the day at $46.25 as compared to the previous trading day's close of $46.10. Other companies within the Computer Software & Services industry that declined today were:
), down 17.2%,
), down 11.3%,
), down 6.0% and
), down 5.7%.
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VeriSign, Inc. provides Internet infrastructure services worldwide. It offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, and .name domain names, as well as the back-end systems for various .gov, .jobs, and .edu domain names. VeriSign has a market cap of $6.9 billion and is part of the technology sector. The company has a P/E ratio of 23.8, above the S&P 500 P/E ratio of 17.7. Shares are up 16.9% year to date as of the close of trading on Thursday.
TheStreet Ratings rates VeriSign as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full VeriSign Ratings Report.
On the positive front,
), down 21.3%,
), down 10.9%,
), down 10.9% and
), down 9.9% , were all gainers within the computer software & services industry with
) being today's featured computer software & services industry leader.
- Use our computer software & services section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider
) while those bearish on the computer software & services industry could consider
- Find other investment ideas from our top rated ETFs lists.
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