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VeriSign (VRSN -19.1%) opens sharply lower after missing Q3 EPS estimates and guiding on its...

  • Friday, October 26, 2012, 9:45 AM ET
    VeriSign (VRSN -19.1%) opens sharply lower after missing Q3 EPS estimates and guiding on its earnings call for 2012 revenue of $870M-$875M, mostly below an $874.8M consensus. The company mentioned Q3 domain name registry additions fell short of guidance due to search algorithm changes (presumably Google's) changing the "economics" of certain domain names, along with macro headwinds (particularly in Europe).
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This news story has 5 comments:

  •  
    They need AMZN's friends.
    26 Oct 2012, 09:47 AM Reply Like
  •  
    VRSN will earn $2.20 next year so this is still WAY overvalued.
    26 Oct 2012, 01:45 PM Reply Like
  •  
    eheh, AMZN will earn $1.00 or so, and trades at $234.

    (I don't have any position on VRSN)
    26 Oct 2012, 01:49 PM Reply Like
  •  
    What is your point?
    26 Oct 2012, 04:00 PM Reply Like
  •  
    Just that if $2.20 on $39.39 is WAY overvalued, now imagine $1 in $238.
    26 Oct 2012, 04:05 PM Reply Like
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