Software Weekly Notes: Microsoft, VeriSign and Symantec

July 18th, 2011 by Trefis Team
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This past week was harsh for the software sector as a whole. Most companies in the sector saw a drop in their stock prices with a only a few posting marginal gains. Here are a few important updates from the software sector, which could influence the stock of companies like Microsoft (NASDAQ:MSFT), Verisign (NASDAQ:VRSN) and Symantec (NASDAQ:SYMC).

Microsoft

Microsoft’s stock has seen a lot of movement this week and has ultimately ended up nearly flat. At the WPC 2011 event, it announced that it has sold more than 400 million Windows 7 licenses worldwide. It also announced that it has sold nearly 100 million copies of Office 2010 to businesses and retail customers. [1]

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It also hinted that Windows 8 might be launched in 2012. It will release an update to Windows Phone 7 – Mango – in the coming months.

We currently have a Trefis price estimate of $27 for Microsoft shares.

Check out our complete coverage of Microsoft

VeriSign

VeriSign renewed its contract with ICANN early this month, and remains the exclusive .com and .net domain registrar. Yesterday, it increased the .com and .net registration fees by 7% and 10% respectively, which should boost its margins, at least in the short term. [2]

We currently have a Trefis price estimate of $38 for VeriSign shares.

Check out our complete coverage of VeriSign

Symantec

Symantec closed its acquisition of Clearwell Systems this week, for a purchase price of $390 million. [3] The acquisition will enable Symantec to improve the scope of its product offerings, and offer better information management capabilities to its customers.

We currently have a Trefis price estimate of $22 for Symantec stock.

Check out our complete coverage of Symantec

Other Updates

Many companies including Microsoft (NASDAQ:MSFT), SAP (NYSE:SAP), Symantec (NASDAQ:SYMC), Verisign (NASDAQ:VRSN), Constant Contact (NASDAQ:CTCT) and Shutterfly (NASDAQ:SFLY) will be releasing their quarterly results in the next couple weeks.

Notes:
  1. Microsoft: 400 million Windows 7 and 100 million Office 2010 licenses sold, ZDNet, July 11, 2011 [↩]
  2. Verisign Announces Increase in .com/.net Domain Name Fees, Market Watch, July 14, 2011 [↩]
  3. Symantec acquires Clearwell Systems for $390m, CBR Online, July 13, 2011 [↩]