NEW YORK (

TheStreet

) --

VeriSign Incorporated

(Nasdaq:

VRSN

) hit a new 52-week high Thursday as it is currently trading at $37.70, above its previous 52-week high of $37.57 with 609,832 shares traded as of 9:53 a.m. ET. Average volume has been 2.3 million shares over the past 30 days.

VeriSign has a market cap of $6 billion and is part of the

technology

sector and

computer software & services

industry. Shares are up 14.1% year to date as of the close of trading on Wednesday.

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VeriSign, Inc. provides Internet infrastructure services to various networks worldwide. It operates in two segments, Naming Services and Other Services. The Naming Services segment provides registry services and network intelligence and availability (NIA) Services. The company has a P/E ratio of 74.6, above the average computer software & services industry P/E ratio of 7.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates VeriSign as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

VeriSign Ratings Report

.

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