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Stock Market & Financial Investment News

News Breaks
July 1, 2014
10:08 EDTVRSNVeriSign recent slowdown a modest negative, says Wells Fargo
Wells Fargo reported that as of this morning, the .com and .net zone files showed that VeriSign was running 128.887MM .com and .net domains. The firm says that this was in-line with its expectations, but adds that the company's run rate slowed going into the end of the quarter. It views the slowdown as a modest negative for the company and keeps a Market Perform rating on the shares.
News For VRSN From The Last 14 Days
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January 26, 2015
10:00 EDTVRSNOn The Fly: Analyst Downgrade Summary
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06:13 EDTVRSNVeriSign downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse downgraded VeriSign to Underperform due to relative valuation, expectations for slowing operating profit and EPS growth, and near-term risk to domain name growth. Price target remains $47.50.
January 22, 2015
16:11 EDTVRSNVeriSign says 4M domain names added to internet in Q3 FY14
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10:03 EDTVRSNOn the Fly: Analyst Downgrade Summary
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06:24 EDTVRSNJPMorgan downgrades three in Software, FireEye a top pick
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05:39 EDTVRSNVeriSign downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded VeriSign to Underweight saying new generic Top Level Domains are cannibalizing growth in .com. The firm sees a lack of near-term catalysts and keeps a $57.50 price target for shares.

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