VeriSign Rises On Unusually High Volume (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) is trading at unusually high volume Thursday with 8.8 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $3.24 (+8.7%) at $40.31 as of 2:26 p.m. ET.

  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

VeriSign has a market cap of $6.16 billion and is part of the technology sector and computer software & services industry. Shares are up 10.3% year to date as of the close of trading on Wednesday.

VeriSign, Inc. provides Internet infrastructure services to various networks 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 for all .gov, .jobs, and .edu domain names. The company has a P/E ratio of 25.2, 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 solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and expanding profit margins. 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.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.
null

If you liked this article you might like

5 Tech Companies That Could Be Targeted by Private Equity

5 Tech Companies That Could Be Targeted by Private Equity

Who Cares About the Jobs Report? Here Are 3 Quick Reasons Stocks Could Skyrocket

Who Cares About the Jobs Report? Here Are 3 Quick Reasons Stocks Could Skyrocket

Remember That Bumps in the Road Are Normal: Market Recon

Remember That Bumps in the Road Are Normal: Market Recon

20 Companies Goldman Sachs Thinks Will Be Huge Winners from Trump's Big Tax Plan

20 Companies Goldman Sachs Thinks Will Be Huge Winners from Trump's Big Tax Plan

U.S. Tech Companies Could Lead $250 Billion of Tax Repatriation Under GOP Bill

U.S. Tech Companies Could Lead $250 Billion of Tax Repatriation Under GOP Bill