VeriSign Stock Hits New 52-Week High (VRSN)

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

NEW YORK ( TheStreet) -- VeriSign (Nasdaq: VRSN) hit a new 52-week high Thursday as it is currently trading at $47.79, above its previous 52-week high of $47.78 with 669,294 shares traded as of 11:30 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

VeriSign has a market cap of $7.27 billion and is part of the technology sector and computer software & services industry. Shares are up 33% year to date as of the close of trading on Wednesday.

VeriSign, Inc. provides Internet infrastructure services to various networks worldwide. The company has a P/E ratio of 32.4, above the average computer software & services industry P/E ratio of 30.4 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, expanding profit margins, good cash flow from operations, impressive record of earnings per share growth and increase in net income. 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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