VeriSign Inc. (VRSN): Today's Featured Telecommunications Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

VeriSign ( VRSN) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day down 0.4%. By the end of trading, VeriSign rose $1.39 (3.0%) to $47.32 on heavy volume. Throughout the day, 4,232,883 shares of VeriSign exchanged hands as compared to its average daily volume of 1,462,600 shares. The stock ranged in a price between $46.50-$48.84 after having opened the day at $46.70 as compared to the previous trading day's close of $45.93. Other companies within the Telecommunications industry that increased today were: Zhone Technologies ( ZHNE), up 14.8%, Alvarion ( ALVR), up 7.0%, On Track Innovations ( OTIV), up 6.2% and magicJack VocalTec ( CALL), up 4.8%.

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. VeriSign has a market cap of $6.8 billion and is part of the technology sector. Shares are up 16.8% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate VeriSign a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates VeriSign as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, expanding profit margins 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.

On the negative front, TeleCommunication Systems ( TSYS), down 14.5%, Netgear ( NTGR), down 9.1%, Ikanos Communications ( IKAN), down 5.8% and Tata Communications ( TCL), down 4.7% , were all laggards within the telecommunications industry with Sprint Corp (Will be Deleted ( S) being today's telecommunications industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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