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The Company operates intelligent infrastructure services that enable and protect billions of interactions every day across the world's voice and data networks.
VeriSign makes 80% of its revenue from domain names. This is a monopoly that will not last forever - once this monopoly is broken VRSN is history.Additionally, their numbers are horrible. Their EPS is going from $1.70 to $0.18 which will raise its P/E ratio from 18 to over 170!I am sorry if you are long this stock! This stock is headed to $12-15 a share (and at that price it will STILL be overpriced!)The analysts have the end of year EPS at $1.07. So far this year they are at .22 cents for 6 months and the only reason they made money Q1 was because they sold off assets - otherwise they would have had a loss then as well. The trailing 12 months has them at (0.176 cents per share all four quarters combined! Take a look at the financials) They wont even get close to their mark by year end, even if they hit the rest of their estimates, which they wont.This company is dying - why do you think their entire upper management bailed?
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