Citigroup Raised Its EPS Estimates For Verisign, Maintained

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Citigroup raised its 2011 and 2012 EPS estimates for Verisign (NASDAQ:VRSN) and maintained its buy rating on the stock.The bank now sees 2011 EPS of $1.48, up from $1.47 per share, vs. consensus estimates of $1.46 per share, and 2012 EPS of $1.93, up from $1.91 per share, vs. consensus estimates of $1.90 per share.VeriSign has a potential upside of 6.4% based on a current price of $36.41 and an average consensus analyst price target of $38.73.

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