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Fly News Breaks for November 23, 2015
VRSN
Nov 23, 2015 | 05:41 EDT
JPMorgan analyst Sterling Auty says shares of VeriSign are pricing in a lot of good news after rallying 28% quarter-to-date. The recent surge in .com/.net names being registered is likely coming from domain name investors in China, which is not a consistent long-term source of growth, Auty tells investors in a research note titled ".Com Growth May Not Be Sustainable." He upped his price target for VeriSign shares to $84 from $74 and keeps an Underweight rating on the name.
News For VRSN From the Last 2 Days
VRSN
Apr 25, 2024 | 16:38 EDT
Consensus $57B. Cuts FY24 CapEx view to $30M-$40M from $35M-$45M. Backs FY24 effective tax rate view of 21%-24%. Sees FY24 operating expense $1.47B-$1.62B. Guidance taken from Q1 earnings conference call.
