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VeriSign (VRSN) NewsBite - VRSN Revenue Misses Forecasts

Nov 06, 2009 (Fresh Brewed Media via COMTEX) --

Company: VeriSign, Inc. (VRSN)

VeriSign (NasdaqNM: VRSN) opened at $22.13. So far today, the stock has hit a low of $21.50 and a high of $22.44. VRSN is now trading at $22.10, down $1.90 (-7.92%). Over the last 52 weeks the stock has ranged from a low of $16.23 to a high of $24.99. VRSN reported a third-quarter adjusted profit last night of 33 cents per share, topping analysts' forecasts by a penny. However, shares of the stock are declining, as VRSN's revenue came to $258 million, missing analysts' forecasts of $259 million. Technical indicators for the stock are bullish and S&P gives VRSN a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on VRSN the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 25 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

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News Provided by COMTEX

Company: VeriSign, Inc. (VRSN)


Related terms: forecasts, profit, revenue, S&P

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