New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on VRSN the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 25, 2014
12:51 EDTVRSNOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday and on track to end a week marked by a torrent of earnings reports on a definite down note. Some high-profile disappointments weighed on the major averages, as Visa (V) and Amazon.com (AMZN) both fell significantly after their quarterly reports last night, dragging on the Dow and Nasdaq, respectively. The domestic economic calendarís sole release of consequence, the durable goods orders report, came out before the open and was better than expected, but that did little to brighten the market's negative tone. ECONOMIC EVENTS: In the U.S., durable goods orders rebounded 0.7% in June after a 1.0% decline in the prior month, beating expectations for June increase of 0.5%. COMPANY NEWS: Shares of Amazon.com fell 10% after the e-commerce giant reported in-line second quarter revenue but a much higher than expected loss. A number of analysts responded to the news by downgrading the stock, while several others cut their price targets on the shares... Visa reported Q3 earnings per share and revenue that topped consensus forecasts, but its fiscal year EPS growth outlook was trimmed its fiscal year revenue growth view to be in the 9-10% range from its prior forecast for low double-digit constant revenue growth in the 10-11% range. Shares of the Dow Jones Industrial Average component slid 4% following the report and guidance. MAJOR MOVERS: Among the notable gainers following their earnings reports were Datalink (DTLK), which jumped 17%, Mellanox (MLNX), which rose 13%, and VeriSign (VRSN), which gained 11%. Among the noteworthy losers was WellCare (WCG), which plunged 20% after the managed care company pre-announced significantly weaker than expected results. Also lower following their earnings reports were Swift Transport (SWFT), which fell nearly 15%, and Pandora (P), which dropped about 13%. INDEXES: Near midday, the Dow was down 131.61, or 0.77%, to 16,952.19, the Nasdaq was down 24.45, or 0.55%, to 4,447.66, and the S&P 500 was down 9.04, or 0.45%, to 1,978.94.
10:02 EDTVRSNOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:21 EDTVRSNVeriSign upgraded to Neutral from Sell at Citigroup
Subscribe for More Information
06:20 EDTVRSNVeriSign sees 2014 revenue $1.003B-$1.012B vs. previous $1.0B-$1.015B
Subscribe for More Information
July 24, 2014
16:30 EDTVRSNVeriSign boosts share buyback program by $491M to $1B
VeriSign said its board yesterday approved an additional authorization for share repurchases of approximately $491M of common stock, which brings the total amount to $1B authorized and available under Verisign's share buyback program, which has no expiration.
16:28 EDTVRSNVeriSign reports Q2 EPS 68c, consensus 64c
Reports Q2 revenue $250.4M, consensus $251.69M.
07:22 EDTVRSNVeriSign August volatility elevated into Q2 and outlook
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use