NEW YORK (

TheStreet

) -- These

two stocks

received upgrades from

TheStreet Ratings

on Monday:

VeriSign

(VRSN) - Get Report

and

Emulex

(ELX)

.

VeriSign

The Internet infrastructure company reported third-quarter profit last week of $240 million, or 32 cents a share, an increase from earnings a year earlier of $132 million, or 17 cents.

ThinkEquity analysts raised their price target on the company to $44 from $42 on Friday.

"Management has indicated intention to potentially increase expense rates and infrastructure spending targeting advanced and highly specialized domain security services, while the M&A strategy continues to focus on fit with the domain management business, and quality of revenue," ThinkEquity analysts said in a report.

Shares of VeriSign were upgraded to a

buy from a hold

on Monday by

TheStreet Ratings

.

VeriSign gets a B- grade from

TheStreet Ratings

with a

$41.49

price target. Shares closed at $36.32 on Friday.

Emulex

The data-storage company on Thursday reported fiscal second-quarter profit of $15 million, or 17 cents a share. A year earlier, Emulex posted a loss of $41 million, or 47 cents.

ThinkEquity analysts upgraded the stock to a buy with a $12 price target in part because "we now believe ELX has workarounds in place to address a potential loss of its lawsuit with

Broadcom BRCM."

The analysts continued: "This represented ELX's second consecutive quarter of strong results not only against street expectations but also vis-a-vis its competition. We are impressed with ELX's recent stability and track-record and attribute it to much stronger execution at the company."

Shares of Emulex were upgraded to a

hold from a sell

rating on Monday by

TheStreet Ratings

.

TheStreet Ratings

gives Emulex a

C grade

. The stock closed Friday at $10.66.

>>To see these stocks in action, visit the

2 Stocks With Upgrades

portfolio on Stockpickr.

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here:

Alexandra Zendrian

>To submit a news tip, send an email to:

tips@thestreet.com

.

>To follow the writer on Twitter, go to

Alexandra Zendrian

.