VeriSign, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component VeriSign, Inc. (NASDAQ:VRSN) will unveil its latest earnings on Thursday, July 28, 2011. VeriSign, Inc. is a provider of Internet infrastructure services for the networked world.

VeriSign, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 30 cents per share, a rise of 57.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 32 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 30 cents during the last month. For the year, analysts are projecting net income of $1.24 per share, a rise of 44.2% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the first quarter, it reported profit of 27 cents per share versus a mean estimate of 28 cents. Two quarters ago, it reported net income of 26 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $191.3 million in revenue this quarter, a rise of 13.4% from the year ago quarter. Analysts are forecasting total revenue of $770.9 million for the year, a rise of 13.3% from last year’s revenue of $680.6 million.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 31.3% to $181.5 million in first quarter. The figure fell 32.3% in the fourth quarter of the last fiscal year from the year earlier, dropped 33.1% in third quarter of the last fiscal year from the year-ago quarter and 34.3% in the second quarter of the last fiscal year.

Competitors to Watch: Symantec Corporation (NASDAQ:SYMC), Tucows Inc. (AMEX:TCX), Innodata Isogen, Inc. (NASDAQ:INOD), Microsoft Corporation (NASDAQ:MSFT), InterNAP Network Services (NASDAQ:INAP), Web.com Group, Inc. (NASDAQ:WWWW), Yahoo! Inc. (NASDAQ:YHOO), Neustar, Inc (NYSE:NSR), SAVVIS, Inc. (NASDAQ:SVVS), and Wave Systems Corp. (NASDAQ:WAVX).

Stock Price Performance: During May 25, 2011 to July 22, 2011, the stock price had fallen $2.45 (-6.8%) from $36.22 to $33.77. The stock price saw one of its best stretches over the last year between November 15, 2010 and November 22, 2010 when shares rose for six-straight days, rising 4% (+$1.26) over that span. It saw one of its worst periods between June 2, 2011 and June 13, 2011 when shares fell for eight-straight days, falling 5.1% (-$1.78) over that span. Shares are up $3.58 (+11.9%) year to date.

(Source: Xignite Financials)

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