- VeriSign Inc (NASDAQ:VRSN) reported second-quarter FY21 revenue growth of 4.8% year-on-year to $329.41 million, beating the analyst consensus of $327.95 million.
- The .com and .net domain name registrations in the domain name base improved 5.2% Y/Y to 170.6 million.
- The operating margin contracted 110 basis points to 64.7%.
- The EPS was $1.31, missing the analyst consensus of $1.32.
- VeriSign generated $143 million in operating cash flow.
- It held $225.43 million in cash, cash equivalents, and restricted cash at the end of the period.
- The company repurchased shares worth $172 million.
- Price action: VRSN shares closed up 1.48% at $233.53 on Thursday.
Canaccord Genuity Downgrades Thomson Reuters to Hold, Raises Price Target to C$108
Canaccord Genuity analyst Aravinda Galappatthige downgrades Thomson Reuters (TSX:TRI) from Buy to Hold and raises the price target from C$102 to C$108.
