Verisign Quarterly Update: This One Continues to be a Good Short Candidate

Verisign's (VRSN) business model is weakening and not strengthening as the management would like investors to believe. Cashflow from Operations which is the most important metric for a serial acquisition company continues to be unimpressive and hints that many acquisitions have been less than successful. Deferred Revenue also remained fairly flat which was a worrying sign on the services side of the business.

I remain short the stock (see original post).

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VRSN 1-yr chart:

VRSN's most recent quarter-ending conference call transcript.