Traders See Bullish Options Activity Verisign, Inc.

 Traders See Bullish Options Activity Verisign, Inc.

In today’s session Verisign, Inc. (VRSN) registered an unusually high (184) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious VRSN increase. With 184 contracts traded and 8904 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: VRSN161216C00080000 closed last at: $2.16 or 12.9% down. About 256,032 shares traded hands. Verisign, Inc. (NASDAQ:VRSN) has declined 13.70% since March 14, 2016 and is downtrending. It has underperformed by 19.31% the S&P500.

Analysts await Verisign, Inc. (NASDAQ:VRSN) to report earnings on October, 27. They expect $0.79 EPS, up 9.72% or $0.07 from last year’s $0.72 per share. VRSN’s profit will be $84.94 million for 23.81 P/E if the $0.79 EPS becomes a reality. After $0.87 actual EPS reported by Verisign, Inc. for the previous quarter, Wall Street now forecasts -9.20% negative EPS growth.

Verisign, Inc. (NASDAQ:VRSN) Ratings Coverage

Out of 4 analysts covering VeriSign (NASDAQ:VRSN), 1 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 25% are positive. VeriSign has been the topic of 8 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, July 27 by Topeka Capital Markets. Citigroup downgraded Verisign, Inc. (NASDAQ:VRSN) on Tuesday, January 5 to “Sell” rating. The firm has “Hold” rating by Cowen & Co given on Friday, October 2.

According to Zacks Investment Research, “Verisign, a global leader in domain names and Internet security, enables Internet navigation for many of the world’s most recognized domain names and provides protection for websites and enterprises around the world. Verisign ensures the security, stability and resiliency of key Internet infrastructure and services, including the .com and .net domains and two of the Internet’s root servers, as well as performs the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS). Verisign’s Security Services include intelligence-driven Distributed Denial of Service Protection, iDefense Security Intelligence and Managed DNS.”

Insitutional Activity: The institutional sentiment increased to 0.07 in Q2 2016. Its up 0.03, from 0.04 in 2016Q1. The ratio increased, as 41 funds sold all Verisign, Inc. shares owned while 0 reduced positions. 2 funds bought stakes while 1 increased positions. They now own 15.79 million shares or 13.09% more from 13.96 million shares in 2016Q1.
Scotia Capital Incorporated reported 11.98M shares or 0.61% of all its holdings. Bank & Trust Of New York Mellon Corporation reported 750,000 shares or 0% of all its holdings. Canada Pension Plan Inv Board has 0.03% invested in the company for 3.00 million shares. Pacad Limited has 0.66% invested in the company for 55,412 shares.

Insider Transactions: Since April 29, 2016, the stock had 0 insider buys, and 2 sales for $3.01 million net activity. 1,477 shares with value of $125,988 were sold by TOMLINSON TIMOTHY on Tuesday, August 2. On Friday, April 29 the insider BERKSHIRE HATHAWAY INC sold $2.88 million.

VeriSign, Inc. is a provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world . The company has a market cap of $8.09 billion. The Firm operates in Registry Services and Security Services segment. It has a 23.91 P/E ratio. The Company’s product suite also includes Security Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services.

VRSN Company Profile

VeriSign, Inc., incorporated on April 12, 1995, is a well-known provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Firm operates in Registry Services and Security Services segment. The Company’s product suite also includes Security Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services. The Company’s Registry Services provides the security and resiliency of Internet infrastructure and services, including the .com and .net domains, approximately two of the Internet’s root servers, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS). The Firm has activities inside, as well as outside the United States. The Company’s activities infrastructure consists of approximately three secure data centers in Dulles, Virginia; New Castle, Delaware; and Fribourg, Switzerland, as well as over 100 resolution sites around the world.

Another recent and important Verisign, Inc. (NASDAQ:VRSN) news was published by Forbes.com which published an article titled: “Verisign Becomes #1 Most Shorted S&P 500 Component, Replacing Western Union” on October 13, 2016.

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