OneSpan Inc. (NASDAQ:OSPN) is set to announce second quarter earning results on Tuesday 4th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, OSPN to report 2Q20 income of $ 0.04 per share from revenue of $ 57.12 million.
For the full year, analysts anticipate top line of $ 257.58 million, while looking forward to income of $ 0.45 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 255.00 million ~ $ 265.00 million
Click Here For More Historical Outlooks Of OneSpan Inc.
Previous Quarter Performance
OneSpan Inc. came out with income for the first quarter of $ 0.08 per share, from the revenue of $ 56.49 million. The quarterly revenues grew 16.52 percent compared with the same quarter last year. Street analysts expected OneSpan Inc. to report loss of $ 0.03 per share on revenue of $ 50.35 million for the first quarter. The bottom line results beat street analysts by $ 0.11 or 366.67 percent, at the same time, top line results outshined analysts by $ 6.14 million or 12.19 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of OneSpan Inc.
Stock Performance
According to the previous trading day, closing price of OSPN was $ 32.96, representing a 202.94 % increase from the 52 week low of $ 10.88 and a 1.11 % decrease over the 52 week high of $ 33.33.
The company has a market capital of $ 1.33 billion and is part of the Technology sector and Software – Application industry.
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Recent Analyst recommendations
- On 24th June 2020, maintained by Needham & Company LLC at Buy rating, with $ 31.00 target price.
- On 18th June 2020, maintained by Sidoti at Buy rating, with $ 29.00 target price.
Conference Call
OneSpan Inc. will be hosting a conference call at 4:30 PM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.onespan.com
OneSpan Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. The company offers DIGIPASS hardware authenticators that supports authentication and digital signatures for applications running on desktop PCs, laptops, tablets, and smart phones; Mobile Security Suite, a software development kit; Mobile Authenticator Studio, a mobile authenticator that operates as a discrete mobile application; and authentication server that enables customers to administer a high level of access control. It also provides OneSpan Sign, which supports a range of eSignature requirements from simple to complex; Trusted Identity Platform, an open architected, cloud-based platform; Intelligent Adaptive Authentication, a cloud-based solution that enables banks and other financial institutions to secure users, devices, and transactions; and Risk Analytics, a comprehensive anti-fraud solution; and Verification Hub, a cloud-based digital identity verification solution that provides access to multiple third-party verification services.
