VeriSign, Inc (NASDAQ:VRSN) now doubles stock repurchase plan to $1 billion
Reston-based VeriSign, Inc (NASDAQ:VRSN) unveiled a plan to double its stock buyback plan. The move allows the company to repurchase its shares of about $1 billion. VRSN, which manages the Internet’s .com registry, has granted approval for the buyback of $458.8 million in common stock.
Moreover, stock worth $541.2 million will remain available for repurchase under a 2010 stock repurchase program. As per statement by the company, the 2012 stock repurchase program has no expiry date. The company has approximately 155 million outstanding shares and market capitalization of $5.7 billion.
The federal government has cleared VeriSign Inc. to manage the databases that house “.com” domain names for another six years, but the company won’t be allowed to raise prices without approval.
On 4th December, the federal government has cleared the company to manage the databases that house “.com” domain names for a period of next six years, however, the company has not been granted permission to increase the prices without approval.
Verisign, Inc.(NASDAQ:VRSN) total value after the recent close was $5.68 billion and the enterprise value according to yahoo data was $4.89 billion. The previous 12 month price to sales ratio was 6.70. The company showed +30.31% as a profit margin in the last twelve months and an operating margin at +48.98%. Return on investment was +37.09% for the last twelve months. Return on assets was 14.10%.
Taking a look at some competitors, total value of Infoblox Inc (NYSE:BLOX) in the stock market was $840.30 million and the takeover value of the company was $672.16 million. The last twelve month price to sales ratio for the company was 4.68. It had a -4.92% as profit margin in the last twelve months and an operating margin at -4.15%.
The total value of Microsoft Corporation (NASDAQ:MSFT) after the latest trading session was $224.93 billion and their enterprise value was $171.27 billion. The prior 52 week price to sales ratio was 3.11. The company recorded a profit margin of 21.71% for the prior 12 months and had an operating margin of 27.46%. Return on equity for this stock was 24.50% while return on assets appeared at 13.70%.
Google Inc (NASDAQ:GOOG) market capitalization after the most recent trading session was $227.10 billion and the enterprise value was $190.38 billion. Price to sales ratio for the prior 52 weeks was 4.78.