Yahoo Finance VeriSign (VRSN) is a Top-Ranked Growth Stock: Should You Buy?
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
VeriSign (VRSN)
Based in Reston, VA, VeriSign Inc. provides Internet infrastructure services that include domain name registry services and infrastructure assurance services. Its only reportable segment includes Registry Services.
VRSN is a Zacks Rank #2 (Buy) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 10.9% year-over-year for the current fiscal year, with sales growth of 4.9%.
One analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.18 to $6.92 per share for 2023. VRSN boasts an average earnings surprise of 4.2%.
VeriSign is also cash rich. The company has generated cash flow growth of 7.9%, and is expected to report cash flow expansion of 8% in 2023.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, VRSN should be on investors' short lists.
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VeriSign, Inc. (VRSN) : Free Stock Analysis Report
