VeriSign Reaches New 52-Week High (VRSN)

NEW YORK ( TheStreet) -- VeriSign (Nasdaq: VRSN) hit a new 52-week high Friday as it is currently trading at $56.25, above its previous 52-week high of $56.17 with 40,859 shares traded as of 9:50 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

VeriSign has a market cap of $7.58 billion and is part of the technology sector and internet industry. Shares are up 42.4% year to date as of the close of trading on Thursday.

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 24.8, above the S&P 500 P/E ratio of 17.7.

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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, 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. You can view the full VeriSign Ratings Report.

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