21 Sep '14, 3pm

Verisign Ranked #1 By Z-Score Which Predicts Companies Heading Into Serious Financial Distress”

“VeriSign, through an e-mailed statement, says that its Z-Score, is distorted. “Verisign does not believe the Altman Z-Score, as calculated, reflects the Company’s financial health. The Altman Z-Score is intended to be used to predict potential future financial distress, but in the case of Verisign the result is significantly skewed by a transaction (the acquisition of Network Solutions in 2000) that occurred more than a decade ago which resulted in the large accumulated deficit balance on our balance sheet. The Company believes the use of its accumulated deficit balance in isolation, as it is in the Altman Z-Score calculation, does not result in an accurate assessment,” according to the company’s statement.

Full article: http://www.thedomains.com/2014/09/21/verisign-ranked-1-by...

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