verisign inc shares fell more than 12 in early trading friday after posting higher profit and revenue for the first quarter of the year after closing thursday at 20842 the companys stock tumbled in premarket trading to open at 18521 and continued to slide the reston vabased company which provides domain name registry services posted a quarterly profit of 158 million or 143 a share up from 150 million or 133 a share a year earlier revenue rose 7 to 347 million analysts from the investment firm baird cut verisigns rating to neutral from outperform on friday morning the companys share price is down 277 this year after closing at an alltime high of 25593 on dec 29