NASDAQ · VRSN

VeriSign, Inc.

Technology · Software - Infrastructure

$288.85▲ 0.67% ($1.91)at close

As of 4:00 PM ET

52-week

$208.86$312.48

Market cap

$26.11B

P/E

30.96

Volume

579.01K

Shares outstanding

90.40M

What the market price implies · Reverse DCF

To support a price of $288.85, this model requires Stage 1 FCFF to grow by 11.82%/yr over the next 5 years, compounded annually.

Historical FCFF grew by 3.33%/yr over the past 10 years. The required annual growth rate is 8.49 percentage points higher.

Selected forecast · Base scenario

3.33%/yr · Stage 1 default · years 1–5

Annual overrides take precedence over the Stage 1 default.

Market-implied · Other assumptions held fixed

11.82%/yr · Stage 1 · years 1–5

Stage 1 growth is solved while Stage 2 growth, terminal growth, discount inputs, and annual overrides remain fixed. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Cash-flow DCF

Price used

$288.85

Estimated value / share

$196.74

Base scenario

This estimate is 31.89% below the price used.

USD · TTM ending 2026-06-30

FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.

Working capital change smoothed: single-period ΔOWC exceeded ±5% of revenue and was capped to reduce timing noise.

Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.

Reported total debt includes capitalised leases (~0% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.

Stage 1 3.33% · Stage 2 3.5% · Discount rate 8.32%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future free cash flow, discounted to its value today.

Price timestamp: Sep 10, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 11, 2026, 1:10 AM UTC · provider

Why this method?

FCFF is positive, but the year-to-year swings are too large for a direct CAGR. Normalize the cash-flow base first, then run DCF.

Is FCFF positive and has it been for 3+ consecutive years? 18 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 34.1%.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: 1.89%Revenue (TTM): 6.86%FCF (TTM): 12.22%P/FCF: 40th pct

What changed

The stock rose 1.89% over the last year. Revenue grew 6.86% over the trailing twelve months. Operating margin moved from 67.89% to 67.86%. Free cash flow grew 12.22% over the trailing twelve months.

What the market seems to be pricing

The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at 67.86%. A decisive move in revenue — currently up 6.86% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

VeriSign, Inc., along with its affiliates, provides fundamental internet infrastructure and domain name registration services, which enable global web navigation across numerous recognized online addresses.

CEOD. James Bidzos

SectorTechnology

IndustrySoftware - Infrastructure

Employees927

IPO dateJan 30, 1998

https://www.verisign.com

Market multiples

Forward P/E—

EV/EBITDA20.43

Enterprise value$23.94B

Stock splits

Dec 7, 1999↑ Forward

Every 1 shares became 2

+100%

Jun 1, 1999↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth6.03%

Gross margin88.47%▲0.4ppvs FY2024

Operating margin67.86%▼0.3ppvs FY2024

ROEN/A

Analyst consensus

RatingBuy

Target price$348.00▲20.48%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 22, 2026

Q4 FY26 · EPS est $2.42 · Revenue est $440.28M

View

Dividends

$3.20/shareQuarterlySafe

VRSN pays a dividend with a 1.11% dividend yield, covered 5.0× by free cash flow.

Dividend Yield

1.11%

Annual Div / Share

$3.20

CAGR

—

Payout Ratio

34.22%

Safe

Dividend Growth Rate

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$3.20-56.1%

2025$7.29—

Income Projection

Invest

Growth rate:

Reinvest dividends

Today

$11/yr

$1/mo

In 5 yrs

$11/yr

$1/mo

In 10 yrs

$11/yr

$1/mo

Today	In 5 yrs	In 10 yrs
$11/yr $1/mo	$11/yr $1/mo	$11/yr $1/mo

Analysis

Dividend Strengths

Well-covered by free cash flow

The dividend is covered 5.0× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Risks to Watch

No strong risk signal stands out from the latest period pair.

NASDAQ · VRSN

VeriSign, Inc.

Technology · Software - Infrastructure

$288.85▲ 0.67% ($1.91)at close

As of 4:00 PM ET

52-week

$208.86$312.48

Market cap

$26.11B

P/E

30.96

Volume

579.01K

Shares outstanding

90.40M

What the market price implies · Reverse DCF

To support a price of $288.85, this model requires Stage 1 FCFF to grow by 11.82%/yr over the next 5 years, compounded annually.

Historical FCFF grew by 3.33%/yr over the past 10 years. The required annual growth rate is 8.49 percentage points higher.

Selected forecast · Base scenario

3.33%/yr · Stage 1 default · years 1–5

Annual overrides take precedence over the Stage 1 default.

Market-implied · Other assumptions held fixed

11.82%/yr · Stage 1 · years 1–5

Stage 1 growth is solved while Stage 2 growth, terminal growth, discount inputs, and annual overrides remain fixed. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Cash-flow DCF

Price used

$288.85

Estimated value / share

$196.74

Base scenario

This estimate is 31.89% below the price used.

USD · TTM ending 2026-06-30

FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.

Working capital change smoothed: single-period ΔOWC exceeded ±5% of revenue and was capped to reduce timing noise.

Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.

Stage 1 3.33% · Stage 2 3.5% · Discount rate 8.32%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future free cash flow, discounted to its value today.

Price timestamp: Sep 10, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 11, 2026, 1:10 AM UTC · provider

Why this method?

FCFF is positive, but the year-to-year swings are too large for a direct CAGR. Normalize the cash-flow base first, then run DCF.

Is FCFF positive and has it been for 3+ consecutive years? 18 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 34.1%.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: 1.89%Revenue (TTM): 6.86%FCF (TTM): 12.22%P/FCF: 40th pct

What changed

The stock rose 1.89% over the last year. Revenue grew 6.86% over the trailing twelve months. Operating margin moved from 67.89% to 67.86%. Free cash flow grew 12.22% over the trailing twelve months.

What the market seems to be pricing

What would invalidate this read

Operating margin currently stands at 67.86%. A decisive move in revenue — currently up 6.86% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

CEOD. James Bidzos

SectorTechnology

IndustrySoftware - Infrastructure

Employees927

IPO dateJan 30, 1998

https://www.verisign.com

Market multiples

Forward P/E—

EV/EBITDA20.43

Enterprise value$23.94B

Stock splits

Dec 7, 1999↑ Forward

Every 1 shares became 2

+100%

Jun 1, 1999↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth6.03%

Gross margin88.47%▲0.4ppvs FY2024

Operating margin67.86%▼0.3ppvs FY2024

ROEN/A

Analyst consensus

RatingBuy

Target price$348.00▲20.48%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 22, 2026

Q4 FY26 · EPS est $2.42 · Revenue est $440.28M

View

Dividends

$3.20/shareQuarterlySafe

VRSN pays a dividend with a 1.11% dividend yield, covered 5.0× by free cash flow.

Dividend Yield

1.11%

Annual Div / Share

$3.20

CAGR

—

Payout Ratio

34.22%

Safe

Dividend Growth Rate

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$3.20-56.1%

2025$7.29—

Income Projection

Invest

Growth rate:

Reinvest dividends

Today

$11/yr

$1/mo

In 5 yrs

$11/yr

$1/mo

In 10 yrs

$11/yr

$1/mo

Today	In 5 yrs	In 10 yrs
$11/yr $1/mo	$11/yr $1/mo	$11/yr $1/mo

Analysis

Dividend Strengths

Well-covered by free cash flow

The dividend is covered 5.0× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Risks to Watch

No strong risk signal stands out from the latest period pair.