Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Verisign, Inc.    VRSN

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Verisign, Inc. : Law Offices of Howard G. Smith Announces Investigation of VeriSign, Inc.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/23/2013 | 12:05pm CEST

Law Offices of Howard G. Smith announces that it is investigating potential claims against VeriSign, Inc. ("VeriSign" or the "Company") (NASDAQ:VRSN) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between June 25, 2012 and October 25, 2012 were false and misleading concerning VeriSign's business, operations and prospects.

VeriSign, Inc. provides Internet registry and infrastructure services to various networks worldwide. The investigation is related to allegations that the Company misrepresented and/or failed to disclose: (1) challenges to the Company's registry pricing scheme that made it more likely the U.S. Department of Justice and Department of Commerce would demand price concessions from VeriSign to operate the .com and .net networks; (2) that growth in domain name registrations was declining; (3) that VeriSign was relying heavily on revenues from "parking" websites and other websites focused on drawing in and monetizing traffic, rather than in providing pertinent business leads; (4) that other Internet search engines had been improving the quality of their search results by adjusting their algorithms to lower the rankings of subpar-quality websites; (5) that subpar domain name owners had stopped renewing their agreements with VeriSign as a result of the Internet search engine's efforts to discourage them by demonetizing their practices; and (6) that the Company knew its fiscal year 2012 earnings guidance was not attainable.

If you purchased VeriSign common stock between June 25, 2012 and October 25, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VERISIGN, INC.
08/17 VERISIGN : Announces 3.25% Junior Subordinated Convertible Debentures Due 2037 t..
08/16 VERISIGN : Commences Registered Exchange Offer for its 4.750% Senior Notes due 2..
08/15 VERISIGN : Announces 3.25% Junior Subordinated Convertible Debentures Due 2037 t..
08/10 VERISIGN : Patent Issued for Systems and Methods for Identifying Associations be..
08/10 VERISIGN : Patent Issued for Evaluating Typeability of Domain Names (USPTO 97209..
08/04 VERISIGN : U.S. Patents Awarded to Inventors in Georgia (Aug. 4)
08/04 RAVEN INDUSTRIES : U.S. Patents Awarded to Inventors in North Carolina (Aug. 4)
07/29 VERISIGN : Reports Second Quarter 2017 Results
07/27 VERISIGN : beats 2Q profit forecasts
07/27 VERISIGN IN : CA MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND..
More news
News from SeekingAlpha
08/15 VeriSign announces trigger met for convertible debt
08/15 Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q2 2017 Update
08/01 Internet Fund Has Crazy Returns Since 2008
07/29 VeriSign, Inc. 2017 Q2 - Results - Earnings Call Slides
07/27 VeriSign (VRSN) Q2 2017 Results - Earnings Call Transcript
Financials ($)
Sales 2017 1 161 M
EBIT 2017 756 M
Net income 2017 457 M
Finance 2017 59,8 M
Yield 2017 -
P/E ratio 2017 26,12
P/E ratio 2018 23,68
EV / Sales 2017 8,40x
EV / Sales 2018 7,13x
Capitalization 9 812 M
Chart VERISIGN, INC.
Duration : Period :
Verisign, Inc. Technical Analysis Chart | VRSN | US92343E1029 | 4-Traders
Technical analysis trends VERISIGN, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 100 $
Spread / Average Target 1,8%
EPS Revisions
Managers
NameTitle
D. James Bidzos Executive Chairman, President & CEO
Todd B. Strubbe Chief Operating Officer & Executive Vice President
George E. Kilguss CFO, Principal Accounting Officer & SVP
Burt Kaliski Chief Technology Officer & Senior Vice President
Roger H. Moore Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
VERISIGN, INC.29.09%9 812
INTERNATIONAL BUSINESS MACHINES CORPORATION-15.84%130 192
ACCENTURE8.80%82 168
TATA CONSULTANCY SERVICES LIMITED5.03%75 012
AUTOMATIC DATA PROCESSING1.59%46 397
COGNIZANT TECHNOLOGY SOLUTIONS25.63%41 385