Benzinga | Oct 22, 2020 04:45PM EDT

VeriSign: Q3 Earnings Insights

Shares of VeriSign (NASDAQ:VRSN) decreased 2.44% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 5.88% over the past year to $1.28, which beat the estimate of $1.25.

Revenue of $317,879,000 higher by 3.07% from the same period last year, which beat the estimate of $316,140,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

VeriSign hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 22, 2020

Time: 04:30 PM

ET Webcast URL: https://globalmeet.webcasts.com/starthere.jsp?ei=1360276&tp_key=a49bff07ea

Technicals

52-week high: $221.30

52-week low: $148.77

Price action over last quarter: down 0.32%

Company Overview

VeriSign is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains. Additionally, the company operates two of the world's 13 root servers that are used to route Internet traffic. In 2018, the firm sold off its security services business, signaling a renewed focus on the core registry business. VeriSign generates about 60% of its sales from the United States.