PREVIEW-VeriSign to meet Q4 profit targets

miércoles 4 de febrero de 2009 20:22 CET
 

* What: VeriSign reports Q4 results

* When: Feb 5, Thursday

* To meet or exceed Q4 profit targets

* To give strong operating margin outlook for 2009

By S. John Tilak

BANGALORE, Feb 4 (Reuters) - VeriSign Inc (VRSN.O: Cotización) is expected to meet or exceed fourth-quarter profit expectations, helped by tighter cost control, even as growth at its key domain names segment slows amid tough market conditions.

The Internet security and naming services provider, which has been aggressively managing expenses through job cuts and other restructuring efforts, is also expected to project strong operating margins for 2009.

"The bottom line really comes down to expense management, which they've done a very good job at," said Pacific Crest Securities analyst Rob Owens, who expects at least in-line results from VeriSign in the fourth quarter.

Stanford Group analyst Rodney Ratliff said Digital River's DRIV.O better-than-expected results last week was a sign that e-commerce infrastructure was holding up even in tougher times.   Continuación...