On July 25, VeriSign rose 5.09% in regular trading, trading at $274.89/share, with turnover of $252 million. The rally was driven by Q2 results that exceeded consensus estimates and an upward revision to full-year guidance.
VeriSign reported Q2 EPS of $2.38, up 7.69% year-over-year from $2.21, beating the analyst consensus estimate of $2.36. Revenue rose to $434.6 million from $409.9 million a year earlier, also surpassing the $433.2 million estimate. Management lifted and narrowed its full-year domain name base growth outlook to a range of 5.2% to 6%, signaling confidence in accelerating domain registration growth.
Wedbush Securities reiterated its outperform rating and raised its price target to $324, noting that AI tailwinds are making website development and content creation easier, which could drive upward estimate revisions. The firm highlighted that VeriSign's secure role in DNS infrastructure and the trust associated with .com/.net domains position it as an authoritative source benefiting from these trends.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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