Last night, VeriSign, Inc. (VRSN) reported revenues of $258 million from continuing operations in the third quarter of 2009.

Core businesses (Internet Infrastructure and Identity Services) generated revenues of $257 million, up 1% sequentially and up 6% year-over-year. Revenues from discontinued operations came in at $41 million.

Operating margin came in at 38.6%, marginally up from the previous quarter. Net income was $64 million. Earnings per share (EPS) of 33 cents easily beat the Zacks Consensus Estimate of 28 cents.

During the quarter, the company generated $105 million of cash from operations and used $25 million in capital expenditures. The company ended the quarter with cash and equivalents of $1.4 billion, an increase of $124 million from the previous quarter. As of September 30, 2009, deferred revenue came in at $881 million.

Subsequent to the end of the quarter, VeriSign completed the sale of its Global Security Consulting business, and Messaging and

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Last night, VeriSign, Inc. (VRSN) reported revenues of $258 million from continuing operations in the third quarter of 2009. Core businesses (Internet Infrastructure and Identity Services) generated revenues of $257 million, up 1% sequentially and up 6% year-over-year. Revenues from discontinued operations came in at $41 million. Operating margin came in at 38.6%, marginally up from the previous quarter. Net income came in at $64 million. Earnings per share (EPS) came in at 33 cents easily beating the Zacks Consensus Estimate of 28 cents. During the quarter, the company generated $105 million of cash from operations and used $25 million in capital expenditures. The company ended the quarter with cash and equivalents of $1.4 billion, an increase of $124 million from the previous quarter. As of September 30, 2009, deferred revenue came in at $881 million. Subsequent to the end of the quarter, VeriSign ...

VeriSign Inc. (VRSN) recently announced a business relationship with iLoop Mobile to provide a dynamic short message service (SMS) marketing solution for large and small enterprise organizations. The two companies are offering a single solution – VeriSign's mobile aggregation and Mobile Enterprise Services with iLoop Mobile's robust mobile marketing technology platform. The combined solution has been optimized for a variety of different brands and organizations ranging from advertising and direct marketing agencies to media, entertainment, professional sports and Web entities. This solution aims to eliminate complexities of launching mobile campaigns and services, making the launch of mobile initiatives worldwide faster and easier. HP is currently using the integrated offering to power its mobile marketing campaigns and initiatives to its 80 million registered Snapfish users worldwide. The service, available now in select countries, will allow customers to easily navigate the Snapfish Website on their mobile phones and share

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DrStockPick.com Stock Report!

Monday August 31, 2009

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Six Flags, Inc. (OTC Bulletin Board: SIXFQ), the world’s largest regional theme park company, is celebrating Back-to-School 2009 with the Six Flags Back-to-School Blast featuring a national sweepstakes and an exciting concert series with some of today’s hottest talent.

CA (Nasdaq: CA) CA today announced that the U.S. Air Force 45th Space Wing (45th SW), which manages launch operations for Department of Defense space programs, has saved at least $180,000* in hardware and support costs by virtualizing its IT infrastructure, using CA ARCserve Backup to protect data across physical and virtual servers and CA

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For Immediate Release

Chicago, IL – August 27, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: United Heathcare Group (UNH), Aetna (AET), Wet Seal Inc. (WTSLA), VeriSign Inc. (VRSN) and Syniverse Holdings Inc. (SVR).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Wednesday’s Analyst Blog:

CBO Overstates Healthcare Costs

Some of the more outrageous types of misconduct by the likes of United Heathcare Group (UNH) and Aetna (AET) might be curbed, such as the cancelling of policies as soon as someone gets sick and puts in a substantial

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DrStockPick.com Stock Report!

Monday August 24, 2009

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Savvis, Inc. (Nasdaq: SVVS), a global leader in outsourced internet infrastructure services for the enterprise, today announced an agreement to provide a virtual IT Lab solution to Column Technologies, a global provider of infrastructure management and business intelligence solutions, including a variety of BMC Software and BMC Remedy business service management solutions.

Trapeze Networks(R) (NYSE: BDC), the award-winning provider of NonStop wireless networking solutions is pleased to welcome Integration Partners Corporation (IPC), a voice and data network solutions provider, as the newest member of their Gold Partner program. In collaboration with Trapeze Networks, IPC can offer the entire NonStop wireless networking solution

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Yesterday, VeriSign Inc. (VRSN) reported second-quarter revenues of $257 million from continuing operations, which were in line with management expectations.

VeriSign provides essential Internet infrastructure services to companies, service providers and website owners.

GAAP net income came in at $35 million or 15 cents per share. Non-GAAP net income came in at 31 cents, easily beating the Zacks Consensus Estimate of 27 cents. Non-GAAP operating margin came in at 38.4%, compared to 36.9% in the previous quarter.

Core businesses (Internet Infrastructure and Identity Services) generated revenues of $255 million, up 1% sequentially and up 9% year over year.

The company continues with its divestiture program and has only two of thirteen businesses left to divest. From November 2007 to date, the company has sold eleven non-core businesses for $575 million. VeriSign is in the process of winding down one more business – The Messaging and Global Security Consulting businesses.

VeriSign plans to invest the

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PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Wednesday July 29, 2009

PennyOmega.com Stock Report!

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International Game Technology (NYSE: IGT) announced today that it has entered an agreement with Boyd Gaming Corporation to install approximately 200 additional MegaJackpots(R) machines at Boyd Gaming casinos across the country.

ClickSoftware Technologies Ltd. (NasdaqGS: CKSW), a leading provider of mobile workforce management and service optimization solutions, announced today that it will host a live webinar for investors and analysts entitled “Getting to Know ClickSoftware”. The event will take place on Wednesday, August 12, 2009, beginning at 10:00 a.m. ET.

Enbridge Inc. (NYSE:ENB) today announced it has entered into Letters of Intent with Chevron USA, Inc. which could result

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VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services for the networked world, today announced that it has issued more than 4 million Secure Sockets Layer (SSL) Certificates. The total includes certificates issued by VeriSign under all four of its SSL brands: VeriSign®, GeoTrust®, thawte®, and RapidSSL®.

Cadence Design Systems, Inc. (NASDAQ: CDNS), the leader in global electronic design innovation, today announced that LG Electronics has adopted the full line of Cadence® Encounter® Conformal® products to improve engineering management and speed their time to market.

T-Mobile USA, Inc., and Research In Motion (RIM) (NASDAQ:RIMM)(TSX:RIM) today announced the new BlackBerry(R) Curve(TM) 8520 smartphone, a new addition to the BlackBerry Curve series of smartphones, with availability expected on August 5.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. Stock-PR.com

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We maintain our hold recommendation on the shares of Verisign Inc. (VRSN). The company provides essential Internet infrastructure services to companies, service providers and website owners. VRSN earlier posted Q3 revenues of $240 million, in line with our estimate of $240 million (consensus at $239 million). Non-GAAP EPS of $0.25 included a $0.03 investment loss due to the Lehman bankruptcy. Excluding this loss, EPS would have been $0.28, better than our estimate of $0.27 and consensus of $0.26. Going forward, Management provided Q4 revenue guidance of $242 $247 million, slightly below our and consensus estimates. Management remains confident of exiting 2008 with an operating margin of 35%. The company is trading at 19.7 times our slightly reduced 2008 pro-forma earnings estimate of $0.99 per share. We maintain our target price of $21, which is derived by applying a target P/E multiple of 21.2x to

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