Key Details
Price
$206.24Last Dividend
$2.75Annual Revenue
$1.49 BAnnual EPS
$7.90Annual ROE
-51.71%Beta
0.55Events Calendar
Next earnings date:
Feb 06, 2025Recent quarterly earnings:
Oct 24, 2024Recent annual earnings:
Feb 08, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
May 05, 2011Next split:
N/ARecent split:
Dec 07, 1999Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
In the final weeks of the year, trading activity on Wall Street usually decreases as investors enjoy the holiday season and go on vacation. However, the expected Santa Claus rally did not happen in December 2024, leading to significant selling in the market.
VeriSign's stock price has been performing strongly, increasing for seven weeks in a row and hitting its highest point since December 2023. A significant portion of this rise occurred after Warren Buffett bought more shares of VRSN.
Whenever the renowned Warren Buffett takes action, many of his followers quickly try to imitate him.
Warren Buffett's Berkshire Hathaway has invested $74 million in VeriSign Inc. (NASDAQ:VRSN) by buying around 377,736 shares before December 24, as reported by Fortune. This investment occurred even though VeriSign's stock fell by 2% during a strong year for technology stocks. In contrast, the S&P 500 increased by 25% and the Nasdaq, which focuses on tech companies, also saw significant growth.
Warren Buffett is increasing his investment in VeriSign, believing in its strong profit margins and leading position in the digital market.
VeriSign Inc. (NASDAQ:VRSN), a network infrastructure firm, saw its shares rise by 1.6% to $208.43 after reports that Warren Buffett's Berkshire Hathaway (BRK.A) has boosted its investment in the company.
Warren Buffett is one of the most famous investors globally. Known as the 'Oracle of Omaha,' he has consistently achieved better results than the market.
VeriSign's strong position in the market, along with its high profit margins and ability to set prices, supports a slightly higher valuation, which is expected to settle at about 22 times its price-to-earnings ratio. The company leads the domain name sector, overseeing important domains such as .com and .net, and has agreements that permit it to raise prices. With solid financial performance, including high operating margins and strong cash flow, VeriSign is well-equipped for returning capital and reinvesting in its business.
Recently, there has been a lot of focus on Warren Buffett reducing his investments and accumulating cash.
Geico and pension plans from other Berkshire Hathaway companies purchased almost $30 million worth of shares in the domain-name registry company VeriSign.
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