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

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 lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 1.2%. By the end of trading, VeriSign fell $2.74 (-4.9%) to $52.68 on heavy volume. Throughout the day, 6,463,147 shares of VeriSign exchanged hands as compared to its average daily volume of 1,470,100 shares. The stock ranged in price between $50.49-$53.14 after having opened the day at $53.01 as compared to the previous trading day's close of $55.42. Other companies within the Telecommunications industry that declined today were: Linktone ( LTON), down 16.5%, xG Technology ( XGTI), down 6.7%, RRSat Global Communications Network ( RRST), down 3.1% and Nortel Inversora ( NTL), down 2.6%.

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 $7.6 billion and is part of the technology sector. Shares are down 7.3% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate VeriSign a buy, no analysts rate it a sell, and 4 rate it a hold.

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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, WPCS International ( WPCS), up 14.4%, InfoSonics Corporation ( IFON), up 10.7%, eOn Communications Corporation ( EONC), up 9.6% and Nokia Oyj ( NOK), up 9.3% , were all gainers within the telecommunications industry with Qualcomm ( QCOM) being today's featured telecommunications industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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