VeriSign, Inc. (VRSN)
VeriSign, Inc. provides Internet infrastructure services to various networks worldwide. The company provides domain name registry services and network intelligence and availability (NIA) services. It offers registry services that operate the authoritative directory of various .com, .net, .cc, .tv, and .name domain names, as well as the back-end systems for .gov, .jobs and .edu domain names.
VRSN is the trusted provider of Internet infrastructure services for the networked world.
As of March 31, 2011, the company had approximately 108 million domain names registered under the .com and .net registries.
VeriSign has invested $500+ million in Project Titan, a global initiative to exponentially increase the core infrastructure capacity and heighten security systems and moves VeriSign to proliferate daily DNS query capacity tenfold from the current 400 billion queries a day to 4 trillion queries a day. Scaling VRSN proprietary systems will increase bandwidth capacity 10 times—20 gigabits per second (Gbps) to greater than 200 Gbps.
VeriSign’s Governance Risk Indicator (GRI®) as of Jun 1 2011
Board (Low Risk), Audit (Low Risk), Compensation (Low Risk)
Shareholder Rights (Low Risk).
VeriSign Government Relations participates in the development of public policies around the world and in engaging policymakers at all levels of government on Internet and telecommunications policy matters.
Forward P/E (fye 2012) 18.31
Market Cap $5.75B
Enterprise Value $4.41B
Book Value per Share $3.14
Shares Outstanding 173.45M
Cash on Hand $1.95B
Long Term Debt $583.85M
Current Share Price $33.13
Mean Stock Price Target $41.33
High Stock Price Target $46.00
Low Stock Price Target $36.00
52-Week Change 18.28%
52wk Range: $25.73 - $37.73
1 Year Stock Returns
If average estimated EPS of $1.81 or the High estimated end $2.00 comes to fruition in 2012 shareholders could exceed the High Stock Price Target of $46.00 Per Share.
If VRSN meets the target EPS of $1.43 P/S at the end of 2011, the Share Price of $36.00 - $39.00 is attainable.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.