NEW YORK (TheStreet) -- Shares of VeriSign (VRSN) were climbing in after-hours trading on Thursday after the company reported better-than-anticipated results for the 2016 third quarter.

Following today's market close, the Reston, VA-based domain names and Internet security company posted adjusted earnings of 93 cents per diluted share, surpassing analysts' estimates of 87 cents per share.

Revenue for the period was $287.6 million, above analysts' expectations of $287.1 million.

For 2016, VeriSign sees revenue between $1.135 billion and $1.140 billion. Analysts are looking for revenue of $1.140 billion for the full year.

About 1.33 million of the company's shares changed hands today compared to its average 30-day volume of 989,038 shares.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.

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 compelling growth in net income.

The team believes its strengths outweigh the fact that the company shows weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: VRSN

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