VeriSign (VRSN) in Focus: Stock Adds 5.3% in Session – Tale of the Tape

February 9, 2015 Technicals 0

Zacks

VeriSign, Inc. (VRSN) was a big mover last session, as the company saw its shares rise over 5% on the day. The upside came after the company posted a 4.2% year-over-year increase in its fourth-quarter 2014 revenues. This led to far more shares changing hands than in a normal session resulting in solid volume. This also reverses the recent trend of the company, as the stock is now trading above the volatile price range of $54.30 to $57.34 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

VeriSign currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is NetEase, Inc. (NTES), carrying a Zacks Rank #2 (Buy).

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