NASDAQ$VRSN

Verisign · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Verisign's Q2 2020 financial results were reported, showing revenue growth and strong domain name registrations.

Verisign reported a revenue increase of 2.6% compared to the same quarter in 2019, with a net income of $152 million and diluted EPS of $1.32. The company saw growth in .com and .net domain name registrations and extended the freeze on registry prices through March 31, 2021.

  • Revenue increased by 2.6% year-over-year to $314 million.
  • Net income reached $152 million, with diluted EPS at $1.32.
  • .com and .net domain name registrations grew by 3.8% year-over-year, reaching 162.1 million.
  • The company processed 11.1 million new domain name registrations for .com and .net.

Headline financials

Total Revenue

$314M

Previous: $306M+2.6%
EPS (adj)

$1.32

Previous: $1.33-0.8%
.com and .net domain registrations

162.1M

Previous: 156.2M+3.8%
New .com and .net registrations

11.1M

Previous: 10.3M+7.8%
Capital Expenditures

-$21.9M

Previous: -$20.2M-8.4%
Free Cash Flow

$131M

Previous: $127M+2.5%
Net Income

$152M

Previous: $148M+3.4%
Operating Income

$207M

Previous: $202M+2.5%
Gross Profit

$271M

Previous: $262M+3.3%
Cash & Equivalents

$307M

Previous: $752M-59.2%
Total Assets

$1.82B

Previous: $1.89B-3.7%

Revenue & EPS history

Verisign · Revenue · Quarterly

$314M

Q2 2020+2.6%vs Q2 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Verisign has extended the freeze on registry prices for all of its Top-Level Domains, including .com and .net, through March 31, 2021. Additionally, Verisign announces the extension of the waiver of the wholesale restore fee for expired domains through the end of 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.2%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+1.1%

Avg return

30 days after

51%

37 / 73 earnings

Positive

+14.4%

Q2 2014

Best reaction

-15.6%

Q3 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.1%-1.6%+11.8%
Q4 2025-7.6%-11.1%+0.5%
Q3 2025-1.3%-7.1%+0.3%
Q2 2025+1.2%+1.7%+7.0%
Q1 2025+8.0%+11.7%+10.8%
Q4 2024+0.5%+3.3%+9.2%
Q3 2024-2.4%-3.8%-2.7%
Q2 2024+5.2%+6.9%+2.5%
Q1 2024-5.4%-8.7%-7.7%
Q4 2023-0.9%-2.9%-4.6%
Q3 2023-6.7%-3.3%+3.3%
Q2 2023-1.2%+0.3%-2.4%
Q1 2023+4.5%+3.5%+6.5%
Q4 2022-1.0%+0.7%-10.0%
Q3 2022+9.9%+6.5%+7.5%
Q2 2022+4.3%+6.5%+3.4%
Q1 2022-12.2%-10.1%-13.4%
Q4 2021-2.4%-1.5%-7.0%
Q3 2021+5.1%+6.6%+13.8%
Q2 2021-3.3%-4.8%-7.4%
Q1 2021+0.2%+4.2%+4.9%
Q4 2020-0.4%-2.5%-7.4%
Q3 2020-2.3%-3.2%-4.4%
Q2 2020+1.3%+0.3%+0.4%
Q1 2020-1.6%-2.1%-0.9%
Q4 2019-3.8%-4.1%-10.0%
Q3 2019+4.0%+3.7%+3.1%
Q2 2019-0.1%-1.3%-7.5%
Q1 2019+5.5%+4.3%+2.8%
Q4 2018-0.5%+0.2%+2.2%
Q3 2018+3.6%+3.5%+12.3%
Q2 2018-0.6%-3.9%+3.2%
Q1 2018-0.3%-0.6%+8.3%
Q4 2017-0.0%+1.3%+10.4%
Q3 2017+1.2%-0.2%+8.8%
Q2 2017+0.7%-2.4%-0.4%
Q1 2017+0.1%+2.3%+1.5%
Q4 2016+0.7%+0.1%+3.5%
Q3 2016+6.8%+4.9%+2.5%
Q2 2016+3.1%+0.3%-10.7%
Q1 2016-3.4%
Q4 2015+4.3%
Q3 2015+7.7%
Q2 2015+2.9%
Q1 2015-3.3%
Q4 2014+5.4%
Q3 2014+6.1%
Q2 2014+14.4%
Q1 2014-5.8%
Q4 2013-5.1%
Q3 2013+1.2%
Q2 2013+4.4%
Q1 2013-1.3%
Q4 2012+7.8%
Q3 2012-15.6%
Q2 2012+9.6%
Q1 2012-0.1%
Q4 2011-1.0%
Q3 2011-0.9%
Q2 2011-4.3%
Q1 2011+0.1%
Q4 2010+2.4%
Q3 2010+2.9%
Q2 2010+6.0%
Q1 2009+1.5%
Q1 2010+1.6%
Q4 2007+2.3%
Q4 2009+2.3%
Q3 2009-4.1%
Q3 2008-4.1%
Q2 2009-9.3%
Q4 2008-9.3%
Q2 2008-9.3%

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