OneSpan Inc. (NASDAQ:OSPN) is reporting second quarter earnings results on Tuesday 11th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.04 per share from $ 57.12 million in revenue.
For the full year, analysts predict revenues of $ 257.58 million, while looking forward to income of $ 0.45 per share.
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. outlined income for the first quarter of $ 0.08 per share, from the revenue of $ 56.49 million. The quarterly revenues developed 16.52 percent compared with the same quarter last year. According to street consensus, OSPN was expected to report 1Q20 loss of $ 0.03 per share from revenue of $ 50.35 million. 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
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Stock Performance
According to the previous trading day, closing price of OSPN was $ 29.91, representing a 174.91 % increase from the 52 week low of $ 10.88 and a 10.26 % decrease over the 52 week high of $ 33.33.
The company has a market capital of $ 1.21 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.
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.
