VeriSign (VRSN) NewsBite - Earnings Preview: VRSN

Posted: Thursday, February 05, 2009 11:11 AM EDT

VeriSign (NasdaqNM: VRSN) opened at $18.93. So far today, the stock has hit a low of $18.67 and a high of $19.42. VRSN is now trading at $19.40, down $0.11 (-0.56%). Over the last 52 weeks the stock has ranged from a low of $16.23 to a high of $42.50. VRSN shares are declining today after the company's fourth-quarter earnings report this afternoon after market close. Analysts are looking for a profit of 29 cents per share on revenue of $244.2 million. Technical indicators for the stock are neutral and S&P gives VRSN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on VRSN the stock seems like it could be a candidate for a March out-of-the-money bear-call credit spread above the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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