VeriSign sees 2014 revenue $1.003B-$1.012B vs. previous $1.0B-$1.015B Consensus $1.01B. VeriSign still sees 2014 non-GAAP gross margin at least 80%. Guidance issued last night in earnings call presentation slides.
VeriSign 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.