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Verisign (VRSN)
NASDAQ:VRSN
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2Last Year’s EPS
2.6Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 13.29%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of strong financial performance and operational achievements, such as maintaining uninterrupted service, alongside challenges in the domain name market, particularly in the U.S. and China. The uncertainty in returning to growth adds a cautious note.Company Guidance
During VeriSign's Q3 2024 earnings call, the company provided detailed guidance, highlighting several key metrics. Revenues for the third quarter saw a 3.8% increase year-over-year, reaching $391 million, while operating income grew by 5.9% to $269 million. Earnings per share rose significantly by 13.1%, resulting in $2.07 per share compared to $1.83 in the previous year. The domain name base totaled 169.6 million, though it decreased by 1.1 million names during the quarter. New registrations were at 9.3 million, down from 9.9 million in the same quarter of the prior year, with a renewal rate of approximately 72.3%. For the full year 2024, revenue is expected to range between $1.554 billion and $1.559 billion, with operating income projected between $1.054 billion and $1.059 billion. Capital expenditures are anticipated to be between $25 million and $35 million, while the GAAP effective tax rate remains between 21% and 24%. The company also noted continued challenges, particularly in the U.S. and China markets, impacting new registrations and renewal rates.Strong Financial Performance
Revenue grew 3.8% year-over-year, operating income increased by 5.9% year-over-year, and earnings per share rose 13.1% year-over-year.
Uninterrupted Service Record
VeriSign maintained an unparalleled 27 years of 100% uninterrupted availability for the .com and .net domain name resolution system.
Cash and Share Repurchase
The company holds $645 million in cash, cash equivalents, and marketable securities and repurchased 1.7 million shares for $301 million during the quarter.
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VRSN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VRSN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $185.12 | $181.26 | -2.09% |
| Jul 25, 2024 | $176.74 | $184.10 | +4.16% |
| Apr 25, 2024 | $182.68 | $175.48 | -3.94% |
| Feb 08, 2024 | $201.02 | $198.38 | -1.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Verisign (VRSN) report earnings?
Verisign (VRSN) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Verisign (VRSN) earnings time?
Verisign (VRSN) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VRSN EPS forecast?
VRSN EPS forecast for the fiscal quarter 2024 (Q4) is 2.
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