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 Monday with 6.6 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $2.33 (+6.8%) at $36.48 as of 11:15 a.m. ET.

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VeriSign has a market cap of $6.11 billion and is part of the technology sector and computer software & services industry. Shares are up 10.1% year to date as of the close of trading on Friday.

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, compelling growth in net income, revenue growth and expanding profit margins. 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.

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

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