VeriSign Reaches New 52-Week High (VRSN)

NEW YORK ( TheStreet) -- VeriSign (Nasdaq: VRSN) hit a new 52-week high Thursday as it is currently trading at $37.75, above its previous 52-week high of $37.73 with 824,257 shares traded as of 2:45 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

VeriSign has a market cap of $5.81 billion and is part of the technology sector and computer software & services industry. Shares are up 4.8% year to date as of the close of trading on Wednesday.

VeriSign, Inc. provides Internet infrastructure services to various networks worldwide. The company provides domain name registry services and infrastructure assurance services. The company has a P/E ratio of 25, below the average computer software & services industry P/E ratio of 101.4 and above the S&P 500 P/E ratio of 17.7.

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, impressive record of earnings per share growth, increase in net income, revenue growth and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full VeriSign Ratings Report.

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