Information Provided By:
Fly News Breaks for November 2, 2018
VRSN
Nov 2, 2018 | 08:49 EDT
As reported previously, Baird analyst Rob Oliver upgraded VeriSign to Outperform from Neutral following a disclosure that detailed an amendment to its cooperative agreement that grants the company the right to pursue up to 7% price increases in the last four years of its six year contract. This news removed legislative uncertainty and provides visibility going forward, said Oliver, who raised his price target to $170 from $160 on VeriSign shares.
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.