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VRSN Verisign

technology · valued with glm-5.2 medium conviction · deep-dived 2026-09-10

SELL
Intrinsic value$99.47
Price (at call)$286.94
Margin of safety -65.3%
vs market (rating basis) -34.8%

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The story

Value drivers

Revenue growth (Y1)5.2%
Terminal growth3.5%
Forecast horizon10y
Target operating margin45.5%
Years to target margin5
Sales-to-capital1.20
Beta0.70
Failure probability0.0%
Cost of capital (WACC)7.8%
Terminal WACC9.1%

Valuation bridge

PV of explicit FCFF5.20B
PV of terminal value5.27B
Equity value8.99B
÷ shares → per share$99.47

News

neutral +0.10 · 8 articles

  • VeriSign Seen With Multiple Catalysts Into 2027, Wedbush Says
  • Are Wall Street Analysts Bullish on VeriSign Stock?
  • Zacks Industry Outlook Highlights Verisign and Donnelley Financial
  • Software & Services: Buy Verisign, Hold Donnelley Financial
  • VeriSign CEO James Bidzos Sells 3,300 Shares for $979,000
  • VeriSign (VRSN) Upgraded to Strong Buy: Here's What You Should Know
  • VeriSign (VRSN) Stock Looks Strong On Cash Flow Yet Stretched On Earnings
  • VeriSign, Inc. Q2 2026 Earnings Call Summary

Projected free cash flow to the firm

YrRevenueGrowthMarginNOPATReinvestFCFFPV
1 1.80B 5.2% 64.4% 893.26M 73.30M 819.95M 760.74M
2 1.89B 5.0% 59.7% 869.05M 74.33M 794.72M 684.08M
3 1.98B 4.8% 55.0% 838.77M 75.15M 763.63M 609.85M
4 2.07B 4.6% 50.2% 802.20M 75.72M 726.48M 538.29M
5 2.16B 4.4% 45.5% 759.16M 76.05M 683.11M 469.60M
6 2.25B 4.2% 45.5% 791.30M 76.11M 715.19M 456.15M
7 2.34B 4.1% 45.5% 823.35M 75.90M 747.45M 442.30M
8 2.43B 3.9% 45.5% 855.18M 75.39M 779.79M 428.11M
9 2.52B 3.7% 45.5% 886.68M 74.60M 812.09M 413.65M
10 2.61B 3.5% 45.5% 917.72M 73.49M 844.22M 398.96M

History

DatePriceIntrinsicMoSRating
2026-09-10$286.94 $99.47 -65.3% SELL
2026-07-31$286.58 $141.82 -50.5% HOLD
2026-06-23$247.22 $156.57 -36.7% HOLD