earnings
confidence high
sentiment neutral
materiality 0.70
Verisign Q2 revenue up 4.8% to $329M; EPS $1.31 vs $1.32; debt refinancing completed
VERISIGN INC/CA
- Revenue $329M (+4.8% YoY); net income $148M ($1.31 diluted EPS) vs $152M ($1.32) in Q2 2020.
- Operating margin 64.7% vs 65.8% a year ago; cash from operations $143M vs $215M.
- Issued $750M 2.700% senior notes due 2031, used proceeds to redeem $750M 4.625% notes due 2023; $2.1M loss on extinguishment.
- Repurchased 0.8M shares for $172M; $737M remaining under buyback program.
- .com/.net domain base 170.6M (+5.2% YoY); renewal rate 76.0% vs 75.4%.